Farrsal
Financial news and analysis

Global insights for better decisions.

Economic, market and geopolitical coverage with clear context.

FarrsalNews for a Smarter Tomorrow
Financial news and analysis•3 min readPage 3 of 3

Poolin Files Chapter 11 With $52 Million Floor Bid for Texas Mining Assets

Poolin Technology, once the world’s largest Bitcoin mining pool, filed for Chapter 11 bankruptcy protection in New Jersey on July 22, 2026, carrying approximate…

Farrsal Editorial
Farrsal · News for a Smarter Tomorrow
f𝕏WAin
Poolin Files Chapter 11 With $52 Million Floor Bid for Texas Mining Assets
Article image: Poolin Files Chapter 11 With $52 Million Floor Bid for Texas Mining Assets

Article Highlights

Excerpts from the article

  • Poolin Technology, once the world’s largest Bitcoin mining pool, filed for Chapter 11 bankruptcy protection in New Jersey on July 22, 2026, carrying…
  • The debtors have already lined up a stalking-horse bid from Thor CALAP LLC totaling $52 million, setting a floor price for the auction of two West…
  • Court filings estimate the debtor entities have between 10,001 and 25,000 creditors, assets of $1 million to $10 million, and liabilities of $100…

The case will test whether distressed mining infrastructure can attract sufficient demand from adjacent industries to close the gap between asset values and creditor claims. Can the court-supervised auction generate bids that meaningfully exceed the $52 million floor, or will the sale confirm that even prime Texas power assets are worth only a fraction of Poolin’s outstanding obligations?

Sources: Source 1 · Source 2 · Source 3 · Source 4 · Source 5 · Source 6

Latest News