Court Approves Poolin-Linked Texas Mining Sale for Up to About $180 Million

A New Jersey bankruptcy court approved the sale of Texas mining assets held by a debtor linked to Poolin, setting terms that include $100 million at closing and as much as $80 million in later milestone payments. The sale's total consideration could reach up to about $180 million. The approval follows an earlier court-approved auction of Poolin's Texas assets . A general deadline for creditors to file proofs of claim has been proposed for Dec. 31, 2026, at 4 p.m. ET. The court is scheduled to consider the deadline at a Nov. 10 hearing. Lawyer 王裕锋 said the case involves many Chinese users, with claims including platform balances, IOUs and mining-pool earnings.

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