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

Hut 8 has emerged as the winning bidder for two data center sites in Texas belonging to the bankrupt cryptocurrency miner Poolin, with a bid of $140 million. The bidding covers Poolin's Pyote and Tarbush sites, including cash and other considerations. The transaction is subject to approval by the U.S. Bankruptcy Court in New Jersey, with a sale hearing scheduled for September 29. Poolin and its two U.S. affiliates filed for Chapter 11 bankruptcy protection in July, with total debts amounting to approximately $173.1 million, including about $163.7 million in unsecured debt owed to Poolin Wallet users due to frozen withdrawals in 2022.

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