Bitcoin Mining Giant Poolin Files for Chapter 11 Bankruptcy as $173 Million Debt Piles Up

TL;DR Poolin filed Chapter 11 bankruptcy with approximately $173.1 million in debt. The amount includes $163.7 million owed through customer IOUs. The former top Bitcoin mining pool plans to sell two West Texas mining sites with a combined opening bid of $52 million. Poolin’s collapse follows its 2022 liquidity crisis when it suspended wallet withdrawals [...]

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