Mining pool Poolin has reported that it is facing liquidity issues due to a significant increase in withdrawal demand and plans to temporarily stop BTC and ETH withdrawals from Poolin Wallet.
According to message on the official Poolin Telegram channel, the suspension of withdrawals from the Poolin wallet does not affect mining and direct payments from the mining pool.
“While Poolin has experienced some liquidity issues due to increased withdrawal requirements, rest assured that all user assets are safe and the company’s net worth is positive,” the announcement reads.
The team did not provide a specific date for the resumption of operations for the withdrawal of BTC and ETH from the pool wallet, but assured that the details of the restoration of the Poolin Wallet will be published within the next two weeks.
In June, Poolin, together with the manufacturer of mining equipment Bitmain, announced the construction of a mining farm with an area of 586,800 square meters in the US state of Texas. The capacity of the data center will be more than 600 MW.
Source: Bits
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