Bitcoin mining pool Poolin has filed for Chapter 11 bankruptcy.
The filing is part of Poolin's future creditor recovery program, according to reports.
Poolin Technology has initiated a $52 million sale of its two West Texas mining sites, according to one source. Another source describes a $52 million stalking-horse bid for Texas assets without specifying the number of sites.
$173 million
Poolin Technology has claims totaling this amount.
The company has $173 million in claims, according to reports.