Hut 8 Restarts Bidding for Poolin's Texas Bitcoin Mining Assets, Valued Up to $180 Million

A U.S. bankruptcy court in New Jersey has approved the reopening of the bidding process for the Texas Bitcoin mining assets of Poolin. Hut 8 remains the benchmark bidder with a proposal valued at up to $180 million, comprising $100 million at closing and up to $80 million in milestone payments linked to data center projects such as AI and high-performance computing. The public auction is scheduled for October 2, with other bidders required to submit offers by October 1.