Key Takeaways:
- Poolin has filed for Chapter 11 bankruptcy protection in the U.S., representing about 20% of Bitcoin’s global hashrate.
- Prepetition obligations totaled about $173.1 million of which around $163.7 million is tied to IOUs issued to customers since the freeze on wallet withdrawals in 2022.
- Poolin will sell the mining assets in Texas under a $52 million stalking-horse sale.
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