Poolin, a Singapore-based Bitcoin mining pool that once operated among the largest in the network, files for bankruptcy after being unable to recover following earlier disruptions. Multiple reports say Poolin froze customer withdrawals in 2022, and the company never fully resumed operations afterward. Poolin reportedly owes about $173 million and is now liquidating remaining assets to repay creditors. The bankruptcy process includes auctioning mining-related sites and infrastructure, including locations in Texas, according to the reports. One outlet says Poolin is selling off its last Texas mining sites as part of the effort to pay back users who are still holding IOUs, mentioning 11,700 affected customers. Another report characterizes Poolin as having previously controlled close to a fifth of Bitcoin’s global hashrate before its collapse. Together, the accounts describe a winding-down of the company through asset sales and creditor repayment, following the 2022 withdrawal freeze and a prolonged inability to meet obligations.