Poolin and US affiliates seek Chapter 11 amid $173M debt to Bitcoin withdrawal claimants
Poolin, once the world’s leading Bitcoin mining pool, and two U.S. affiliates have filed for Chapter 11 bankruptcy protection in New Jersey. The filings indicate roughly $173.1 million in debt, including $163.7 million in IOUs issued to Poolin Wallet customers after withdrawals were suspended in 2022. Poolin plans a court-supervised process to sell two West Texas mining sites, with an opening bid of $52 million [1] [2] [3].
The company was founded in 2017 and briefly ranked as the world’s largest Bitcoin mining pool in 2019. Reporting on the bankruptcy filing also cited the Chapter 11 move by Poolin in the U.S. as the basis for proceeding with asset sales and addressing creditor recoveries through the court process and auction results [1] [4].
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- 1Former No. 1 Bitcoin Mining Pool Poolin Files for Chapter 11Wu Blockchain• Jul 24, 2026
- 2Bitcoin Mining Giant Poolin Files for Chapter 11 Bankruptcy as $173 Million Debt Piles UpBlockonomi• Jul 24, 2026
- 3Bitcoin miner Poolin enters Chapter 11 with $52M bid for Texas assetscrypto.news• Jul 24, 2026
- 4Bitcoin mining pool Poolin files for Chapter 11 bankruptcy in USCrypto Briefing• Jul 24, 2026
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