Hut 8 Reopens Bidding for Poolin's Texas Bitcoin Mining Assets at Up to $180M
- —New Jersey court approved a new auction for Poolin's Texas mining assets
- —Hut 8's bid totals up to $180M: $100M at closing, up to $80M in milestones
- —Milestone payments are tied to AI and HPC data centers, not mining sites
- —Public auction set for October 2; bids due by October 1
Why it matters: The deal will test how mining sites are valued for conversion into AI data centers, a key driver for public miners' capital.
Source: PANews