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Crypto

Cryptocurrency Mining Firm Poolin Files for Bankruptcy, Over $173 Million in Debt

2026/07/25 02:14(Updated 2026/07/25 08:01)

CoinPost

Written by CoinPost Editorial Department

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Cryptocurrency Mining Firm Poolin Files for Bankruptcy, Over $173 Million in Debt

Application of Chapter 11 Bankruptcy Code

Singapore-based cryptocurrency mining pool operator Poolin filed for Chapter 11 bankruptcy in the Federal Bankruptcy Court of New Jersey on the 22nd. The total debt is reported to exceed $173 million (approximately 28.3 billion yen, at an exchange rate of 163.77 yen to the dollar), with a plan to seek approval for a liquidation plan following the sale of assets. At the time of filing, Poolin had already ceased its mining operations...

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