Hut 8 has been named the winning bidder for two former Poolin Bitcoin mining campuses in West Texas, offering $140 million in cash and other considerations. The sale, subject to approval by a New Jersey bankruptcy judge, includes the Pyote and Tarbush sites, valued for their power and interconnection rights rather than mining equipment. Poolin filed for Chapter 11 bankruptcy in July 2026, with $173 million in obligations. The sale reflects a shift in value from mining gear to power infrastructure amid scarce grid access. Hut 8 plans to expand its AI data-center operations with these sites, but must still navigate regulatory and permitting hurdles. A court hearing is scheduled for September 29, 2026, to finalize the sale.
The story about Hut 8's $140 million bid for Poolin's Texas Bitcoin mining campuses is presented with Pluang's market data for context. As of Sep 28, 2026 02:02 WIB, 29 of 50 major cryptocurrencies on Pluang rose while 20 fell. Notable movers include SXP down 46.27% at Rp37, BAL up 11.14% at Rp16.297, and GRT up 10.70% at Rp551 with 87% sell order activity.
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