Poolin's Associated Debtor's Texas Mining Asset Sale Approved, Transaction Price Up to $180 Million

The sale of the Texas mining assets of Poolin's associated debtor has been approved by the U.S. Bankruptcy Court in New Jersey, with a maximum transaction price of approximately $180 million. This includes $100 million as the delivery payment, with an additional maximum of $80 million linked to subsequent milestones. The general deadline for creditor claims is set for December 31, 2026, at 4 PM Eastern Time, which corresponds to 5 AM Beijing Time on January 1, 2027. The court plans to hold a hearing on November 10. Creditors who are required to submit proof of claim must do so before the court's final deadline, as failure to file may affect the confirmation of claims, plan voting, and subsequent distributions. The Poolin case involves a large number of Chinese users, with claims including platform balances, IOUs, and mining pool earnings. Submitting materials does not equate to completing an effective claim submission.

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