Cryptocurrency24 Jul 2026SEO 801 min read

Analysis: Poolin was bitcoin's biggest mining pool and now it's filing for bankruptcy

The Singapore-based company once controlled nearly a fifth of Bitcoin's global hashrate. Now it owes $173 million and is selling off what's left. Poo…

The Singapore-based company once controlled nearly a fifth of Bitcoin's global hashrate. Now it owes $173 million and is selling off what's left. Poolin was regarded as the world's largest bitcoin mining pool in 2019, with an 18-20% share of global hashrate, before a liquidity crisis in 2022 left 11,700 customers holding $163.7 million in frozen funds A $52 million bid from Thor CALAP LLC for Poolin's West Texas mining sites is the only meaningful recovery on the table for c…

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