Hut 8 Wins $140M Bid For Poolin’s Texas Data Centers

TL;DR Hut 8 has been named the winning bidder for two Poolin data-center sites in Texas with a $140 million offer. The bid is nearly three times the combined $52 million stalking-horse offer that opened the auction process. The transaction is not final: bankruptcy-court approval is still required at a hearing scheduled for September 29. Hut 8 has emerged as the winning bidder for two Texas data-center sites owned by bankrupt mining company Poolin, putting $140 million on the table for infrastruc