Thailand has shut down multiple illegal Bitcoin mining operations, seizing 315 mining machines.
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SBI's crypto subsidiary will shut down its Bitcoin mining pool service.
According to Mars Finance, Decrypt reports that SBI Crypto, a wholly-owned subsidiary of Japanese financial giant SBI Holdings, announced it will officially shut down its Bitcoin mining pool service on July 31. Prior to this, the pool will continue normal operations, and customers can continue mining and earning rewards. SBI Crypto's cryptocurrency mining service has been operating since 2017 and currently ranks 11th globally in hashrate rankings on the Hashrate Index. To assist customers with a smooth transition, the platform is in negotiations with other mining pool operators such as Braiins and Luxor. Analysts point out that this move reflects the trend of large mining companies gradually adjusting their business focus in the face of Bitcoin price volatility and changes in the industry environment. Despite divesting its mining pool business, its parent company, SBI, is still increasing its investment in the cryptocurrency market, having just announced the acquisition of Japanese cryptocurrency exchange Bitbank for $289 million earlier this week.
SBI Crypto will shut down its Bitcoin mining pool service on July 31.
According to BlockBeats, on July 2nd, OCEAN co-founder Mark Artymko announced that SBI Crypto will shut down its Bitcoin mining pool service on July 31st. Mark expressed his gratitude to the SBI Crypto team for providing stable service to the Bitcoin network over the years, stating that the pool closure represents an unexpected migration for miners. Mark also invited SBI Crypto miners to migrate to the OCEAN mining pool, stating that OCEAN supports quick onboarding and allows miners to build their own block templates using DATUM, enabling non-custodial revenue distribution. He further stated that OCEAN's miner revenue in 2025 is approximately 3.6% higher than the best-performing FPPS mining pool.
Bitplanet and Antalpha signed a memorandum of understanding to invest 15 billion won in equipment to shift to Bitcoin mining.
According to Foresight News , citing CryptoSlate, South Korean Bitcoin treasury company Bitplanet has signed a Memorandum of Understanding (MOU) with Nasdaq-listed Antalpha and its partners to invest 15 billion won in Bitcoin mining equipment and launch full-scale mining operations this month. The mined Bitcoins will be recognized as operating revenue and managed as long-term financial assets. According to the plan, the first phase of the equipment is expected to produce more than 7 BTC per month and more than 80 BTC per year (subject to equipment utilization and electricity prices). The mining equipment will be deployed in overseas regions with competitive electricity costs, including Oman and Paraguay, and will adopt an overseas hosting and joint venture operation model.
Malaysian police raided and dismantled an illegal cryptocurrency mining operation in the Port Klang Free Zone.
According to Foresight News , citing the Malaysian media outlet New Straits Times, Malaysian police raided and shut down an illegal cryptocurrency mining operation yesterday in a warehouse in the Pulau Indah Free Zone of Port Klang. Two foreign men, aged 20 and 31, were detained during the raid, and mining equipment was seized. Under Malaysian law, this act violates the Penal Code and the Electricity Supply Act. If both are convicted, they could face up to ten years in prison and a fine of RM100,000 (approximately US$24,500).
Analysis: Bitcoin mining companies are shifting towards AI infrastructure, and their performance continues to outperform Bitcoin.
PANews reported on July 8th that, according to BIT analysis, AI-related stocks such as semiconductors and memory chips have recently undergone a round of valuation repricing, resulting in a slight price correction. However, Bitcoin mining companies have significantly outperformed Bitcoin. In fact, since the beginning of 2025, Bitcoin mining company stocks have risen by 167%, while Bitcoin has fallen by 35% over the same period. This divergence, which began in the third quarter, now appears to be more of a structural change than a short-term fluctuation. As mining companies gradually transform into AI infrastructure providers, the market is beginning to re-evaluate these companies using different valuation logics. If this round of correction in the AI sector stabilizes, some Bitcoin mining companies may still be worth watching.
10x Research: Bitcoin mining stocks pull back 20%, influenced by AI and semiconductor narratives.
According to a report by 10x Research, Bitcoin mining stocks have largely decoupled from Bitcoin price movements and have experienced a pullback of approximately 20%. The report states that Bitcoin mining companies are now deeply intertwined with the AI theme, which currently revolves more around global supply chains and competition than crypto adoption or financial digitization. Furthermore, the performance of Chinese LLM concept stocks and the prospects of the South Korean semiconductor supply chain are directly influencing the performance of Bitcoin mining stocks. Data shows that Riot's stock price movement has become increasingly synchronized with the Semiconductor SOX ETF since April 2026, with both recently declining from their highs, indicating that the performance of Bitcoin mining stocks is being influenced by sentiment in the semiconductor and AI computing power chains.