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

Hut 8 has secured a bid to acquire two Texas data center sites from the bankrupt mining firm Poolin for $140 million, significantly exceeding the initial $52 million valuation. The acquisition, pending court approval on September 29, provides Hut 8 with critical access to the Texas power grid, which is increasingly sought after for artificial intelligence infrastructure. Poolin filed for Chapter 11 bankruptcy in July 2026 with substantial debts owed to users.