Bitcoin mining pool Poolin files for Chapter 11 bankruptcy
CoinTelegraph·
60-second summary
Poolin, a major Bitcoin mining pool, is filing for Chapter 11 bankruptcy and initiating a $52 million sale of its two West Texas mining sites as part of its creditor recovery program. The move aims to restructure its debt and ensure a stable future. This development may impact Bitcoin's mining landscape and potentially affect the cryptocurrency's overall supply.
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.