Poolin files for Chapter 11 bankruptcy, lists $173 million debt and plans Texas asset sale
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⚡ Poolin, once the biggest Bitcoin mining pool, filed for Chapter 11 bankruptcy in the US.
💰 The company owes $173 million, most of it in IOUs to customers after withdrawing access in 2022.
🏭 Poolin will auction two West Texas mining sites starting at $52 million to pay creditors.
📉 The $BTC mining giant’s downfall follows years of market pressure and a 2022 liquidity crisis.
Continue Reading:Poolin files for Chapter 11 bankruptcy, lists $173 million debt and plans Texas asset sale
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