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World’s Former Top Bitcoin Mining Pool Poolin Files Chapter 11

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BeInCrypto Editorial

(11:36 AM UTC)

1 min read

Approved byJames Mitchell

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Poolin, once the world’s largest Bitcoin mining pool, filed for Chapter 11 bankruptcy protection on July 22 in New Jersey. The petition lists liabilities between $100 million and $500 million against assets of no more than $10 million.

The Singapore-based company wants a court-supervised sale of its West Texas sites rather than a reorganization. A $52 million stalking-horse bid from Thor CALAP…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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BeInCrypto Editorial · BeInCrypto

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