Binance Pool’s Bitcoin mining output collapses ahead of shutdown

Binance Pool, the mining arm of the cryptocurrency exchange, has seen its Bitcoin block production dwindle to near zero just days before its scheduled closure.

The pool, which was once a significant player in Bitcoin mining, found only a single block over the past week, according to blockchain data. This minimal output represents a stark decline in its operational presence on the network.

Binance announced in August that it would wind down its dedicated mining pool service on November 10, 2026, citing a strategic shift to focus on its core exchange products. The company advised miners connected to its pool to migrate their hashpower to alternative services.

The impending closure marks the end of a venture that launched in 2020 and at times ranked among the top ten Bitcoin mining pools by hash rate. Its rapid decline in block production in recent days indicates that most participating miners have already relocated their computing power elsewhere.