Poolin, Once Bitcoin's Largest Mining Pool, Files for Bankruptcy

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Poolin, a Singapore-based cryptocurrency mining company, has filed for bankruptcy after accumulating debts of $173 million. The firm was once the dominant force in Bitcoin mining, controlling close to 20% of the network's total hashrate. Its financial collapse marks a dramatic fall from its position as the world's largest Bitcoin mining pool. The company is now in the process of liquidating its remaining assets to address outstanding obligations.

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