Bitcoin miner Poolin enters Chapter 11 with $52M bid for Texas assets
Covered by 7 sources · 7 articles
7 outlets - including Newsbtc, Bitcoin and Theblock and 4 more - are covering this story. Poolin Files Chapter 11 As Bitcoin Miner Moves Toward $52M Asset Sale - Read the full analysis.
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Poolin Files Chapter 11 As Bitcoin Miner Moves Toward $52M Asset Sale
Poolin Files Chapter 11 As Bitcoin Miner Moves Toward $52M Asset Sale - Read the full analysis.
Bitcoin Miner Poolin Technology Files Chapter 11 With $173M Debt as $52M Asset Sale Moves Forward
Bitcoin mining pool Poolin Technology and its U.S. affiliates have filed for Chapter 11 bankruptcy in New Jersey to sell their remaining assets and liquidate operations. Debt and Affected Users Poolin Technology, once a dominant Bitcoin min…
Former bitcoin miner Poolin files Chapter 11, sets $52 million floor bid for Texas operations
Poolin Technology filed for Chapter 11 with $173 million in claims, lining up a $52 million stalking-horse bid for its Texas mining assets.
Poolin Files Chapter 11 With $52M Bid For Texas Mining Sites
Poolin Technology and two U.S. affiliates filed for Chapter 11 protection on July 22, seeking to sell their West Texas mining sites and wind down operations. The Singapore-based parent filed alongside Lonestar Dream Inc. and Lonestar Taproo…
Poolin Files Chapter 11 With $52M Bid For Texas Mining Sites
Poolin Technology and two U.S. affiliates filed for Chapter 11 protection on July 22, seeking to sell their West Texas mining sites and wind down operations. The Singapore-based parent filed alongside Lonestar Dream Inc. and Lonestar Taproo…
Bitcoin Miner Poolin Files Chapter 11 to Sell $52M Texas Mining Assets
Court documents show Poolin has up to 25,000 creditors and liabilities of $100 million to $500 million, with about $163.7 million of its $173.1 million debt is tied to customer IOUs issued after wallet withdrawals were frozen in 2022.
Bitcoin miner Poolin enters Chapter 11 with $52M bid for Texas assets
Poolin has filed for Chapter 11 bankruptcy protection in the United States as it moves to sell its Texas bitcoin mining assets under a court-supervised process while carrying about $173 million in prepetition obligations. According to filin…