Hut 8 Repeats Bid on Poolin's Texas Bitcoin Mining Assets

Poolin's Texas Bitcoin mining facility assets are back on the auction block after the U.S. Bankruptcy Court for New Jersey reopened the bidding process.

Hut 8, a Canadian cryptocurrency mining company, remains the stalking horse bidder with a proposal valued at up to $180 million.

The deal includes $100 million payable at closing and up to $80 million in milestone payments tied to future data center transactions involving AI, high-performance computing, cloud computing, and托管 facilities, but exclude cryptocurrency mining facilities.

The public auction will be held on October 2, with other bidders required to submit offers by October 1.