Hut 8 wins $140 million bid for two Poolin data centers in Texas

Bitcoin miner Hut 8 has emerged as the winning bidder for two Texas data center sites formerly owned by the bankrupt firm Poolin, with a bid of $140 million. The transaction, which covers the Pyote and Tarbush sites, remains subject to approval by a U.S. bankruptcy court in New Jersey, with a hearing scheduled for September 29. The bid significantly exceeds the initial stalking-horse offer of $52 million. Poolin filed for Chapter 11 bankruptcy in July with approximately $173.1 million in debt, including $163.7 million owed to users of the Poolin Wallet. This acquisition is part of Hut 8's broader expansion into AI infrastructure.