S&P 5007,748.50▲0.3% Nasdaq26,588.49▲0.5% Dow53,770.27▼0.0% Russell 2K3,045.48▲0.6% 10-Yr4.68%+0bp VIX14.55−0.73 WTI$82.68▼0.6% Gold$4,467.10▲1.9% EUR/USD1.153▼0.2% BTC$63,763▲0.6% Nikkei66,970▲2.1%
At close · Wed, Aug 12, 2026
Daily Market Updates.

Crypto

Home›Crypto›Market Structure›Poolin files for Chapter 11 and sets $52 million floor…

Poolin files for Chapter 11 and sets $52 million floor bid for Texas assets

Poolin Technology listed about $173 million in claims as part of its Chapter 11 filing and proposed a $52 million stalking-horse bid to cover its Texas mining operations.

Reported · Written up by our desk · Market Structure

Poolin Technology, a former bitcoin miner, has filed for Chapter 11 protection, according to The Block. The filing includes $173 million in claims.

The company is also lining up a stalking-horse bid to support the sale of its Texas mining assets, with a stated minimum bid of $52 million.

The Chapter 11 process will determine how Poolin’s Texas operations are handled as part of the bankruptcy proceedings.

Latest closeBitcoin $63,763.02 ▲0.6%

← Newer storyBitMEX faces class-action claims over collateral and insider trading

More like this

CryptoSharpLink to stake $200 million of ETH via Lido for wstETH
CryptoBitcoin holds near $64,000 as cooling US PPI boosts risk appetite
CryptoCrypto advisors face a growing estate planning and service gap
CryptoNakamoto reports first positive adjusted operating income amid GAAP loss
CryptoMetaplanet shifts to new financing as yen hit its Bitcoin balance sheet

Sources

The BlockFormer bitcoin miner Poolin files Chapter 11, sets $52 million floor bid for Texas operations

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.