Hut 8 to Acquire Poolin Data Centers for $140 Million

Hut 8 has won an auction to purchase two Texas-based data centers from the bankrupt mining pool Poolin for $140 million, nearly tripling the initial $52 million bid. The acquisition, which remains subject to bankruptcy court approval, supports Hut 8's strategic shift from Bitcoin mining toward AI and high-performance computing (HPC). Poolin filed for bankruptcy in July with liabilities totaling approximately $173 million.