Poolin mining pool is facing liquidity shortage, but user funds are safe. According to CoinDesk, this was stated by Kevin Pan, the company’s founder and CEO.

Since August, users have been complaining about problems with withdrawals from wallets on the platform. The support service said the delays were related to risk management, with the storage and mining services operating independently of each other.

One client told the publication that the company is “facing some financial issues” that makes it difficult to withdraw funds.

According to the Poolin chairman, the company’s net worth remains positive and management will soon present a plan to get out of the situation. Measures could include resorting to debt financing secured by shares and equipment, he said.

According to BTC.com, the pool ranks fifth in terms of bitcoin hashrate at 10.67%. Leadership is maintained by Foundry USA – 21.77%.

In July 2021, Poolin ran into trouble after an attack by the Chinese authorities on the miners. The pool has suspended payments for hashrate tokens pBTC35A and pETH18C locked in the Mars protocol. After just two months, the build was able to partially resume asset accrual to users.

In June 2022, revenue for Bitcoin miners fell 26% from May to $668 million, while in July this figure fell another 9% to $609.7 million.

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