Hut 8 wins auction for two Poolin Texas data centers at $140M
- —Hut 8 bid $140M for two Poolin data centers in Texas
- —Combined minimum bids for the sites totaled $52M
- —Poolin filed Chapter 11 in late July with about $173M in debt
- —About $164M of Poolin's debt relates to IOUs issued to Wallet users
Why it matters: The deal expands Hut 8's mining capacity and highlights industry consolidation through the sale of bankrupt miners' assets.
Source: Bloomingbit