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Category Mining

Bitcoin Miner Poolin Files Bankruptcy, Seeks $52M Texas Asset Sale

Bitcoin Miner Poolin Files Bankruptcy, Seeks $52M Texas Asset Sale

Around $167 million of Poolin's debt comes from IOUs issued after customer withdrawals were frozen during 2022's market crash.
Poolin’s Bankruptcy Filing Could Accelerate Bitcoin Miners Pivoting to AI

Poolin’s Bankruptcy Filing Could Accelerate Bitcoin Miners Pivoting to AI

Top Bitcoin mining pool, Poolin, filed for Chapter 11 bankruptcy protection alongside two US affiliates. According to reports, the group seeks to s...
Top Banks Are Backing Bitcoin Miners Pivoting to AI Data Center Infrastructure

Top Banks Are Backing Bitcoin Miners Pivoting to AI Data Center Infrastructure

An AI data center costs 10-15x more per megawatt to build than a Bitcoin mine, yet Bitcoin mining companies are pivoting to AI infrastructure. MARA...
Poolin, Once the World’s Largest Bitcoin Mining Pool, Files for Chapter 11 Bankruptcy

Poolin, Once the World’s Largest Bitcoin Mining Pool, Files for Chapter 11 Bankruptcy

Poolin and U.S. affiliates have filed for Chapter 11 bankruptcy, revealing $173M in debt—mostly customer IOUs—and a plan to sell Texas mining sites...
World’s Former Top Bitcoin Mining Pool Poolin Files Chapter 11

World’s Former Top Bitcoin Mining Pool Poolin Files Chapter 11

In Brief Poolin filed for Chapter 11 on July 22 with up to $500 million liabilities. $52 million stalking-horse bid covers Poolin's two West Texa...