Binance Announces Shutdown of Bitcoin Mining Services

According to Decrypt, Binance will discontinue its Bitcoin mining pool and associated services, including Pool, Pool Savings, Cloud Mining, and other related offerings. The change reflects a strategic retreat from maintaining dedicated mining infrastructure for Bitcoin.

The decision follows six years of operation for Binance’s mining-related platforms. No timeline beyond discontinuation was provided by Binance in the report. The services cited—Binance Pool, Pool Savings, and Cloud Mining—are being phased out as part of this shift.