Binance Announces Closure of Mining Pool and Cloud Mining Services

Binance will provide guidance on disconnecting ASIC miners and other hardware linked to the pool

Binance will permanently shut down its cryptocurrency mining pool, cloud mining operations, and related services on November 10, 2026, at 07:00 UTC. The closure affects mining connections, reward generation, and several associated products offered through Binance Pool. Users are advised to withdraw funds and disconnect mining equipment before the shutdown date. Strategic Shift Away from Mining Infrastructure The decision reflects Binance’s broader strategy to streamline operations and focus on core exchange and wallet services. Mining profitability has faced pressure due to rising energy costs and fluctuating cryptocurrency prices. Binance stated that maintaining the mining pool no longer aligns with its long-term resource allocation priorities. The company emphasized that users’ assets in associated wallets remain secure and accessible. What Happens to User Earnings and Equipment? All mining rewards will cease accruing after the shutdown timestamp. Users must manually withdraw any pending earnings before November 10 to avoid loss.

Binance will provide guidance on disconnecting ASIC miners and other hardware linked to the pool. The platform confirmed that cloud mining contracts will not be renewed beyond the closure date. Support teams will remain available to assist with the transition process. Frequently Asked Questions Will Binance compensate users for lost mining income after November 10? No, Binance will not provide compensation for mining rewards that would have been generated after the shutdown date. Users are responsible for withdrawing accrued rewards prior to closure. Can I continue using my Binance account for trading after the mining pool closes? Yes, the shutdown only impacts mining pool and cloud mining services. All other Binance functions, including trading, deposits, and withdrawals, will operate normally. Is there a way to transfer my mining hash rate to another provider? Binance does not facilitate direct hash rate transfers.

Users must reconfigure their mining equipment to connect to alternative pools independently.