Hut 8's planned purchase of Poolin's Texas Bitcoin mining assets is back in auction after failed negotiations, with bids potentially reaching $180 million. A New Jersey bankruptcy court approved renewed bidding, with offers due by Oct. 1 and a public auction on Oct. 2. Hut 8 remains the baseline bidder with a $100 million cash offer plus up to $80 million in milestone payments tied to future data-center projects excluding crypto mining. Poolin filed for Chapter 11 bankruptcy in July, owing over $173 million, and the auction aims to maximize creditor recovery.
Hut 8's Poolin Texas Bitcoin mining assets auction is set amid a mixed cryptocurrency market on Pluang. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 01, 2026 08:41 WIB: out of 50 major cryptocurrencies, 18 rose and 31 fell. Among notable movers, FTM (Fantom) declined 2.05% to Rp11.382 with a typical hold time of 87 days, while ALGO (Algorand) dropped 1.98% to Rp2.223 with 74% sell order activity and a hold time of 129 days. FIL (Filecoin) fell 1.78% to Rp18.853, seeing 95% sell orders and a 99-day hold time.
United Rentals is shifting its business mix toward specialty rentals, which now make up a larger share of its total rental revenue. This change reduces the company's exposure to the volatile housing cycle, enhancing business stability. The Q2 2026 re...
Michael Saylor, founder of Strategy Inc., highlights the opportunity for bitcoin finance to gain a share of the $318.5 trillion global equity and debt markets. He emphasizes that even a small allocation, such as one-tenth of one percent, could repres...
South Korea plans to invest up to $200 billion in U.S. energy infrastructure, including nuclear power plants, a natural gas facility in Texas, and potentially the Alaska LNG project. The Alaska LNG participation is not finalized due to commercial via...
The LAPTOP token, launched on Base with a 1 billion supply, is under scrutiny following an extreme price spike on launch day. Hunter Biden clarified that insiders hold 30% of LAPTOP's supply, much less than the 80% seen in Trump family tokens, and ha...
The S&P 500 initially rose on softer-than-expected PCE inflation data but closed down 0.25% at 7,651.54 as Treasury yields climbed. The core PCE inflation rate fell to 3.0%, mainly due to changes in calculation methods, and does not yet reflect recen...
