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Poolin's Bitcoin mining assets set for $52M auction as creditors seek $163.7M recovery amid bankruptcy.

Market News
21 Aug 2026
Blockonomi
View Source
Bearish
pluang ai news

Poolin's Bitcoin mining infrastructure is scheduled for auction on September 10, with a $52 million stalking horse bid setting the baseline valuation. The auction process, approved by a New Jersey bankruptcy court, allows competing bidders to submit offers by September 8. Nearly 11,700 wallet holders are seeking recovery of approximately $163.7 million in unsecured claims following Poolin's 2022 suspension of wallet withdrawals. Creditors have until September 16 to file objections to the sale, with final court approval expected on September 18. This auction is a key step in Poolin's Chapter 11 bankruptcy aimed at liquidating assets to maximize creditor returns.

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