{"id":51796,"date":"2026-09-25T06:30:00","date_gmt":"2026-09-25T06:30:00","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=51796"},"modified":"2026-09-25T06:30:00","modified_gmt":"2026-09-25T06:30:00","slug":"hut-8-wins-140m-bid-for-poolins-texas-data-centers","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=51796","title":{"rendered":"Hut 8 Wins $140M Bid For Poolin\u2019s Texas Data Centers"},"content":{"rendered":"<h2>TL;DR<\/h2>\n<ul>\n<li>Hut 8 has been named the winning bidder for two Poolin data-center sites in Texas with a $140 million offer.<\/li>\n<li>The bid is nearly three times the combined $52 million stalking-horse offer that opened the auction process.<\/li>\n<li>The transaction is not final: bankruptcy-court approval is still required at a hearing scheduled for September 29.<\/li>\n<\/ul>\n<p>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 infrastructure that could extend well beyond Bitcoin mining.<\/p>\n<p>The bid covers Poolin\u2019s Pyote and Tarbush locations.<\/p>\n<h2>The Auction Escalated Well Beyond The Opening Offer<\/h2>\n<p>The bankruptcy process began with combined stalking-horse bids of $52 million.<\/p>\n<p>Thor CALAP had offered $15 million for the Pyote campus and $37 million for Tarbush.<\/p>\n<p>Competition pushed the final number dramatically higher.<\/p>\n<p>Other bidders included DigiPower X and Pecos Industrial Development, acting as a designee of AI infrastructure company Fluidstack.<\/p>\n<p>Hut 8 ultimately came out on top with an offer worth $140 million in cash and other consideration.<\/p>\n<p>Poolin entered Chapter 11 in July with roughly $173 million of obligations, much of it tied to IOUs owed to users of Poolin <a href=\"https:\/\/www.newsbtc.com\/glossary\/wallet\/\">Wallet<\/a> after withdrawals were frozen in 2022.<\/p>\n<h2>Winning The Auction Does Not Mean The Sale Is Closed<\/h2>\n<p>There is one procedural point that matters here.<\/p>\n<p>Hut 8 has won the auction.<\/p>\n<p>It has not yet completed the acquisition.<\/p>\n<p>The proposed sale still requires approval from the U.S. Bankruptcy Court for the District of New Jersey, with a hearing scheduled for September 29.<\/p>\n<p>Until that happens, the transaction should be treated as a winning bid rather than a closed purchase.<\/p>\n<p>For Hut 8, the attraction is easy to understand.<\/p>\n<p>The company has been moving beyond its roots as a pure <a href=\"https:\/\/www.newsbtc.com\/glossary\/bitcoin\/\">Bitcoin<\/a> miner and deeper into large-scale data-center and AI infrastructure.<\/p>\n<p>Power access has become one of the most valuable assets in that market.<\/p>\n<p>Poolin\u2019s Texas sites could therefore have value that extends well beyond how many Bitcoin miners can fit inside them.<\/p>\n<p>The auction price itself makes that clear.<\/p>\n<p>A process that began around $52 million ended with a $140 million winning bid.<\/p>\n<p>That is a strong signal that buyers are increasingly valuing mining sites for their grid access and broader compute potential, not just their ability to hash Bitcoin.<\/p>\n<p><em>This article was written by the News Desk and edited by <a href=\"https:\/\/www.newsbtc.com\/author\/rae-samuel\/\">Samuel Rae<\/a>.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>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. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-51796","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hut 8 Wins $140M Bid For Poolin\u2019s Texas Data Centers - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=51796\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hut 8 Wins $140M Bid For Poolin\u2019s Texas Data Centers - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"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. [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=51796\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-25T06:30:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptomag.finance\/wp-content\/uploads\/2025\/06\/generic-crypto-image.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51796#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51796\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"Hut 8 Wins $140M Bid For Poolin\u2019s Texas Data Centers\",\"datePublished\":\"2026-09-25T06:30:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51796\"},\"wordCount\":394,\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51796\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51796\",\"name\":\"Hut 8 Wins $140M Bid For Poolin\u2019s Texas Data Centers - Cryptomag\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\"},\"datePublished\":\"2026-09-25T06:30:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51796#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptomag.finance\\\/?p=51796\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51796#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptomag.finance\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hut 8 Wins $140M Bid For Poolin\u2019s Texas Data Centers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/\",\"name\":\"Cryptomag\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptomag.finance\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\",\"name\":\"Crypto Magazine\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"caption\":\"Crypto Magazine\"},\"sameAs\":[\"https:\\\/\\\/cryptomag.finance\",\"https:\\\/\\\/x.com\\\/cryptomagz\"],\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Hut 8 Wins $140M Bid For Poolin\u2019s Texas Data Centers - Cryptomag","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptomag.finance\/?p=51796","og_locale":"en_US","og_type":"article","og_title":"Hut 8 Wins $140M Bid For Poolin\u2019s Texas Data Centers - Cryptomag","og_description":"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. [&hellip;]","og_url":"https:\/\/cryptomag.finance\/?p=51796","og_site_name":"Cryptomag","article_published_time":"2026-09-25T06:30:00+00:00","og_image":[{"width":1000,"height":560,"url":"https:\/\/cryptomag.finance\/wp-content\/uploads\/2025\/06\/generic-crypto-image.webp","type":"image\/webp"}],"author":"Crypto Magazine","twitter_card":"summary_large_image","twitter_creator":"@cryptomagz","twitter_site":"@cryptomagz","twitter_misc":{"Written by":"Crypto Magazine","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptomag.finance\/?p=51796#article","isPartOf":{"@id":"https:\/\/cryptomag.finance\/?p=51796"},"author":{"name":"Crypto Magazine","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"headline":"Hut 8 Wins $140M Bid For Poolin\u2019s Texas Data Centers","datePublished":"2026-09-25T06:30:00+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=51796"},"wordCount":394,"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/cryptomag.finance\/?p=51796","url":"https:\/\/cryptomag.finance\/?p=51796","name":"Hut 8 Wins $140M Bid For Poolin\u2019s Texas Data Centers - Cryptomag","isPartOf":{"@id":"https:\/\/cryptomag.finance\/#website"},"datePublished":"2026-09-25T06:30:00+00:00","author":{"@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"breadcrumb":{"@id":"https:\/\/cryptomag.finance\/?p=51796#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptomag.finance\/?p=51796"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptomag.finance\/?p=51796#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptomag.finance\/"},{"@type":"ListItem","position":2,"name":"Hut 8 Wins $140M Bid For Poolin\u2019s Texas Data Centers"}]},{"@type":"WebSite","@id":"https:\/\/cryptomag.finance\/#website","url":"https:\/\/cryptomag.finance\/","name":"Cryptomag","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptomag.finance\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040","name":"Crypto Magazine","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","caption":"Crypto Magazine"},"sameAs":["https:\/\/cryptomag.finance","https:\/\/x.com\/cryptomagz"],"url":"https:\/\/cryptomag.finance\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/51796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51796"}],"version-history":[{"count":0,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/51796\/revisions"}],"wp:attachment":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}