Bitcoin Inu (tokeninu.xyz) (BTC)

$BTC: 'Take what the market gives you'

Well, the market is giving us chop chop chop

no clear direction or trend that I can see, more just sitting on the sideline in active positions and waiting https://t.co/QbGFOpPgKU

【Breaking⚡】
Once the world’s largest $BTC mining pool, 🇺🇸Poolin (Poolin) has filed for bankruptcy protection under Chapter 11 of the Federal Bankruptcy Code. It reports approximately $173 million (about ¥28.37 billion) in debt. #破産 #マイニング

https://t.co/SdcsMTNl4R

POOLIN FILES FOR BANKRUPTCY

Poolin, once the world’s largest Bitcoin mining pool back in 2019, has filed for Chapter 11 bankruptcy protection alongside two U.S. affiliates in New Jersey.

The company reports roughly $173 million in obligations, including $163.7 million owed to Poolin Wallet users after withdrawals were frozen in 2022.

Poolin plans to sell its West Texas mining assets, with a $52 million stalking-horse bid already in place, and wind down operations rather than reorganize.