Tag: poolin
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Poolin’s Bitcoin Mining Operations Head Towards Court-Supervised Auction Amid $173 Million Creditor Claims
The bankruptcy proceedings for Poolin, once a prominent global Bitcoin mining pool, are rapidly progressing towards a court-supervised auction of its remaining Bitcoin mining operations and associated assets. This pivotal event, slated for next month, marks a critical phase in the company’s Chapter 11 reorganization, which seeks to liquidate its infrastructure to maximize distributions for…
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Bitcoin Mining Giant Poolin Technology Files for Chapter 11 Bankruptcy Amidst $163 Million Debt and Asset Liquidation
Poolin Technology Pte. Ltd., the Singapore-based entity that once commanded a significant portion of the Bitcoin network’s mining power, has formally initiated Chapter 11 bankruptcy proceedings in the United States. The filing, submitted on July 22, 2026, to the U.S. Bankruptcy Court for the District of New Jersey, marks the culmination of a protracted liquidity…
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