Overview
- Poolin Technology and two U.S. affiliates filed voluntary Chapter 11 petitions on July 22, 2026, listing estimated assets of $1 million to $10 million, estimated liabilities of $100 million to $500 million, and between 10,001 and 25,000 creditors.
- The bankruptcy court approved bidding procedures on Aug. 17 and set a sale timetable with qualified bids due Sept. 8, a possible auction on Sept. 10 if there are competing bids, and a sale hearing on Sept. 18 before Judge Eamonn J. O’Hagan.
- Court documents show Lonestar Taproot holds physical mining equipment, buildings, substations and other power infrastructure so the planned sale targets operational facilities as well as corporate interests.
- The companies remain debtors in possession with a small workforce preserving assets, creditors will meet remotely for a Section 341 meeting on Aug. 28, and proofs of claim must be filed through the Poolin Claims Processing Center operated by KCC dba Verita Global.
- Poolin’s collapse follows earlier liquidity problems, including a 2022 PoolinWallet withdrawal freeze and IOU issuance, and comes as weak post‑halving mining economics and heavy Bitcoin sales by public miners have pressured buyer demand and likely limited recovery options for stakeholders.