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Bitcoin miner Poolin files Chapter 11 with $173M debt, plans $52M asset sale in Texas

Market News
24 Jul 2026
Bitcoin
View Source
Bearish
pluang ai news

Singapore-based Bitcoin mining pool Poolin Technology filed for Chapter 11 bankruptcy in New Jersey, citing $173 million in debt and $163.7 million in frozen customer IOUs. The company plans to liquidate its West Texas mining facilities through a $52 million asset sale to Thor CALAP LLC, subject to court approval and higher bids. Poolin's financial troubles stem from China's 2021 crypto mining ban, operational challenges in Texas, and crypto market downturns that halted withdrawals in 2022. The company has ceased all mining operations and will use sale proceeds to pay creditors under a liquidation plan.

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Global automotive HUD market to nearly double to $4.71B by 2033 driven by ADAS and AR tech adoption

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The global automotive head-up display (HUD) market is forecasted to grow from $2.41 billion in 2026 to $4.71 billion by 2033, at a 10.1% CAGR. Growth is fueled by rising demand for driver safety, reduced distraction, and real-time vehicle info displa...

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ALPHEA raises $5M to build AI-native distributed cloud for autonomous AI agents.

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Global apheresis market to reach $4.41B by 2031, driven by plasma therapies and automated tech.

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Shell buys back 75,000 shares at average £33.43 as part of ongoing buy-back program.

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Electrosurgery market to reach $11.59B by 2031 driven by minimally invasive surgeries and tech advances

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