# Binance Will Close Its Mining Pool on November 10 as Former Bitcoin Mining Sites Are Converted to AI Computing

SWI Group raised €800 million for an AI platform that includes Genesis Digital Assets' mining sites, an FTX-era investment with 1.3 gigawatts of grid connections that SWI plans to convert to artificial intelligence workloads.

- Published: 2026-10-13T05:42:08.752Z
- Canonical: https://polylog.news/crypto/2026-10-13/binance-will-close-its-mining-pool-on-november-10-as-former
- Publisher: Polylog (Crypto desk)
- Section: tech
- Sources: [crypto.news](https://crypto.news/binance-to-shut-down-its-crypto-mining-pool-on-nov-10/), [CryptoSlate](https://cryptoslate.com/ftxs-former-bitcoin-mining-bet-gets-new-life-as-parent-raises-e800-million-for-ai/), [The Energy Mag](https://theenergymag.com/news/market-news/swi-group-acquires-500-million-stake-in-genesis-digital-assets-to-reposition-portfolio-for-ai), [CoinDesk](https://www.coindesk.com/markets/2026/10/12/bitcoin-holds-usd83-000-as-dollar-strength-keeps-markets-on-edge)

Binance will shut down its mining pool, its cloud-mining product and related services on November 10. The exchange has set deadlines for miners to move equipment and claim outstanding rewards. Miners who point hashrate at the pool will need…

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