Hut 8 Secures $140 Million Deal for Two Poolin Data Centers in Texas

Hut 8 has emerged victorious in its bid to acquire two data centers from Poolin, paying $140 million for the facilities. The transaction covers the Pyote and Tarbush sites in Texas, which would add to Hut 8's expanding infrastructure footprint in the US.

The consideration includes a mix of cash and other forms of payment, but the deal still requires approval from the U.S. Bankruptcy Court in New Jersey.

This potential acquisition aligns with Hut 8's ambitions to expand its crypto-mining and data-center infrastructure, as well as its pursuit into artificial intelligence infrastructure.