Singapore-based Bitcoin mining pool Poolin and two of its US associates filed for Chapter 11 chapter in a New Jersey courtroom on Wednesday.
Poolin’s courtroom filing exhibits that the mining pool operator has estimated liabilities of $100 million to $500 million, belongings of $1 million to $10 million and 10,001 to 25,000 collectors.
Poolin and its associates are additionally looking for courtroom approval to promote two West Texas mining websites to Thor CALAP LLC below a proposed $52 million stalking-horse bid. This contains $37 million for the Tarbush belongings, together with assumed liabilities, and $15 million for the Pyote web site, together with the ability rights, gear and all different belongings tied to the mining services.
The proposed sale could be topic to a court-supervised public sale, with a bid deadline of Sept. 8 below the proposed bidding procedures.
Poolin was as soon as the world’s largest Bitcoin mining pool in 2019. It now ranks because the seventeenth largest mining pool operator by hashrate, with a 0.2% market share, based on Hashrate Index.
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Bitcoin miners more and more flip to restructuring and AI
Bitcoin mining operations are going through rising monetary constraints as a consequence of rising electrical energy prices, forcing some operations to close down whereas others are looking for new income sources.
In February, NFN8 Group and two of its associates filed for Chapter 11 chapter within the Western District of Texas.
Different miners have sought to diversify into AI infrastructure. In November 2025, Bitfarms initiated a whole wind-down of its Bitcoin mining operations to pivot to AI and high-performance computing information facilities.
On Monday, Bitcoin mining firms Hut 8 and IREN introduced main AI infrastructure offers. Hut 8 introduced a 15-year, $9.8 billion lease for its AI information heart campus and IREN disclosed $2.8 billion in cloud companies contracts with AI builders. Earlier in July, MARA Holdings announced plans to amass a Texas web site with as much as 2 gigawatts of capability to broaden its AI and digital infrastructure enterprise.
Wealth administration firm Bernstein said that offers with third-party suppliers, corresponding to Bitcoin miners, will likely be crucial for AI firms looking for to handle the computing energy limits of AI information facilities.
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