Former No. 1 Bitcoin Mining Pool Poolin Files for Chapter 11 Poolin and two U.S. affiliates have filed for Chapter 11 bankruptcy protection…
Former No. 1 Bitcoin Mining Pool Poolin Files for Chapter 11
Poolin and two U.S. affiliates have filed for Chapter 11 bankruptcy protection in New Jersey and plan to sell two West Texas mining sites with a combined opening bid of USD 52 million. Court filings show approximately USD 173.1 million in debt, including USD 163.7 million in IOUs issued to Poolin Wallet customers after withdrawals were suspended in 2022; creditor recoveries will depend on the auction outcome and court approval. Founded in 2017, Poolin briefly ranked as the world’s largest Bitcoin mining pool in 2019.
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