Hut 8 Wins Poolin's Texas Site with $140M Bid

Hut 8 has acquired two failed Texas data centers from Poolin at an auction for $140 million, according to Poolin's bankruptcy records.

The sale is pending approval by the U.S. Bankruptcy Court in the District of New Jersey and is scheduled to take place on a specific date mentioned but not specified in the source.

This acquisition could potentially expand Hut 8's mining infrastructure and consolidate crypto mining capacity, although details regarding the specifics of the expansion are lacking.