Poolin, Once One of Bitcoin's Biggest Mining Pools, Files for Bankruptcy
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Poolin, once one of Bitcoin's largest mining pools, is filing for bankruptcy after failing to recover from freezing withdrawals in 2022. The Singapore-based pool is auctioning off its last Texas mining sites to pay back 11,700 users holding IOUs. This development highlights the ongoing struggles of the cryptocurrency mining industry.
The Singapore-based pool never recovered from freezing withdrawals in 2022. Now it's auctioning off its last Texas mining sites to pay back 11,700 users still holding IOUs.