Bitcoin Mining Giant Poolin Files for Bankruptcy

Poolin, a company that used to lead the global Bitcoin mining industry, has filed for Chapter 11 bankruptcy protection. The move follows a difficult four year period that saw the firm lose access to funds for over 11,700 wallet customers.

Singapore based Poolin Technology and its associated firms filed the petitions in the United States Bankruptcy Court for the District of New Jersey on July 22, 2026. This legal step marks the final chapter for the firm after years of instability in its operations.

Court documents show that the company is now preparing to sell off assets valued at approximately 52 million dollars. Traders and miners are watching the situation closely to see how this liquidation process impacts the broader mining sector and if any funds can be recovered for the affected users.