Bitcoin miner Poolin enters Chapter 11 with $52M bid for Texas assets.
Poolin has filed for Chapter 11 bankruptcy while seeking to sell its Texas bitcoin mining assets through a court supervised auction.
About $163.7 million of Poolin’s $173.1 million in prepetition obligations relates to IOUs issued after wallet withdrawals were suspended in 2022.
Interest from AI infrastructure operators has helped drive bidding for the company’s power assets as miners increasingly repurpose data centers beyond bitcoin mining.
$BTC $DEXE $RIF #SenateRejectsIranWarPowersResolution #AlphabetToLiftCapexToAsMuchAs$205B #KRXActivatesSellSideSidecar
Poolin has filed for Chapter 11 bankruptcy while seeking to sell its Texas bitcoin mining assets through a court supervised auction.
About $163.7 million of Poolin’s $173.1 million in prepetition obligations relates to IOUs issued after wallet withdrawals were suspended in 2022.
Interest from AI infrastructure operators has helped drive bidding for the company’s power assets as miners increasingly repurpose data centers beyond bitcoin mining.
$BTC $DEXE $RIF #SenateRejectsIranWarPowersResolution #AlphabetToLiftCapexToAsMuchAs$205B #KRXActivatesSellSideSidecar