{"id":634105,"date":"2026-07-24T08:53:47","date_gmt":"2026-07-24T08:53:47","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/07\/24\/bitcoin-mining-pool-poolin-files-for-chapter-11-bankruptcy-2\/"},"modified":"2026-07-24T08:53:47","modified_gmt":"2026-07-24T08:53:47","slug":"bitcoin-mining-pool-poolin-files-for-chapter-11-bankruptcy-2","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/07\/24\/bitcoin-mining-pool-poolin-files-for-chapter-11-bankruptcy-2\/","title":{"rendered":"Bitcoin mining pool Poolin files for Chapter 11 bankruptcy"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-update-proof-of-stake-vs-proof-of-work-pros-cons-and-differences-explained.jpg\" alt=\"Bitcoin mining pool Poolin files for Chapter 11 bankruptcy\" class=\"type:primaryImage\" \/><\/p>\n<p>Bitcoin miner Poolin filed for Chapter 11 bankruptcy and initiated a $52 million sale of its two West Texas mining sites as part of its future creditor recovery program.<\/p>\n<p>Singapore-based Bitcoin mining pool Poolin and two of its US affiliates filed for Chapter 11 bankruptcy in a New Jersey court on Wednesday.<\/p>\n<p>Poolin\u2019s court <a href=\"https:\/\/www.pacermonitor.com\/public\/case\/65841404\/Poolin_Technology_PTE_LTD\" rel=\"noopener noreferrer\" target=\"_blank\">filing<\/a> shows that the mining pool operator has estimated liabilities of $100 million to $500 million, assets of $1 million to $10 million and 10,001 to 25,000 creditors.<\/p>\n<p>Poolin and its affiliates are also seeking court approval to sell two West Texas mining sites to Thor CALAP LLC under a proposed $52 million stalking-horse bid. This includes $37 million for the Tarbush assets, including assumed liabilities, and $15 million for the Pyote site, including the power rights, equipment and all other assets tied to the mining facilities.<\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-mining-poolin-chapter-11-bankruptcy\">Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin miner Poolin filed for Chapter 11 bankruptcy and initiated a $52 million sale of its two West Texas mining sites as part of its future creditor recovery program. Singapore-based Bitcoin mining pool Poolin and two of its US affiliates filed for Chapter 11 bankruptcy in a New Jersey court on Wednesday. Poolin\u2019s court filing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":634104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-634105","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/634105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=634105"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/634105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/634104"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=634105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=634105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=634105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}