Hut8 wins bid for Poolin’s Texas data center for $140 million.
1 days ago
Hut 8 has won the bidding for Pyote and Tarbush data centers owned by bankrupt crypto mining firm Poolin in Texas for $140 million, a bid nearly triple the initial base offer of $52 million. The deal still requires approval from the U.S. Bankruptcy Court for New Jersey, with a related hearing scheduled for September 29. Poolin holds roughly $173 million in liabilities, of which approximately $163.7 million is unsecured debt owed to Poolin wallet users. This acquisition will further expand Hut 8’s artificial intelligence infrastructure footprint.
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