Hut 8 Wins $140 Million Bid for Poolin's Texas Data Centers

Hut 8 has emerged as the winning bidder for two Texas data-center sites owned by the bankrupt mining firm Poolin with a $140 million offer. The bid significantly exceeded the initial $52 million stalking-horse offer. The acquisition, which includes the Pyote and Tarbush locations, remains subject to approval by the U.S. Bankruptcy Court for the District of New Jersey at a hearing scheduled for September 29.