Poolin Files for Chapter 11, Aims to Sell Texas Mining Assets

WHO:

The Block - Poolin Technology, previously regarded as one of the world's largest crypto mining pool providers.

WHAT:

The Block - Poolin filed for Chapter 11 bankruptcy.

Cointelegraph - Poolin initiated a $52 million sale of its two West Texas mining sites as part of its future creditor recovery program.

WHERE:

The Block - Texas, specifically two West Texas mining sites.

WHEN:

Cointelegraph - The sale is part of a future creditor recovery program.

WHY:

The Block - The filing for Chapter 11 bankruptcy and the sale of assets are part of Poolin's efforts to recover financially.

HOW:

The Block - Poolin is seeking court approval to sell its Texas mining assets through a $52 million stalking-horse bid.

(UPDATED July 24, 2026 11:31 UTC)

Poolin Technology, once considered one of the largest crypto mining pool providers in the world, has filed for Chapter 11 bankruptcy as part of its efforts to recover financially. The company is seeking court approval to sell its two mining sites in West Texas through a $52 million stalking-horse bid, which is a key component of its creditor recovery program. This sale marks a significant step for Poolin as it navigates its financial challenges and aims to stabilize its operations.