$IN
Back then, the mining pool that once claimed to be the industry’s No. 1 shut down by the end of 2022—and now has directly applied for bankruptcy protection.

With a Texas mining farm worth $52 million, its debts on the back end are as high as $173 million.

From once having absorbed 18% of the network’s hash rate straight down to zero—when it comes to leverage, if you play it wrong, you’re essentially working for creditors for a lifetime.

Reverse risk: If subsequent data does not continue, this judgment needs to be recalculated.

Data collection: 2026-07-25 01:22|Source: publicly available original materials

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