Bitcoin mining pool Poolin files for Chapter 11 bankruptcy

Poolin, a Singapore-based Bitcoin mining pool, has filed for Chapter 11 bankruptcy with estimated liabilities of $100 million to $500 million. The company is seeking to sell two West Texas mining sites for $52 million as part of its creditor recovery program. Poolin has 10,001 to 25,000 creditors and assets of $1 million to $10 million.