REALITY CHECK | Why Binance is Shutting Down its Mining Pool

Binance will shut down its mining pool and related services on November 10 2026 as it reviews its product portfolio against a backdrop of deteriorating Bitcoin mining economics that has pushed parts of the industry toward artificial intelligence infrastructure. The exchange has not disclosed a specific financial or operational reason for the closure. However, the wider mining sector has faced pressure from lower Bitcoin prices, rising production costs, and competition for block rewards following the April 2024 halving.