Data Center · The Block
Hut 8 picks up bidding for Poolin’s Texas data centers with $140 million offer
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Hut 8 was revealed as the winning bidder for bankrupt crypto miner Poolin's two Texas data center sites with an offer of $140 million, according to a Wednesday court filing.
Key facts
- Hut 8's offer came in at nearly triple the combined $52 million in opening stalking-horse bids from Thor CALAP, which offered to pay $15 million for the Pyote campus and $37 million for Tarbush
- The company has also secured 949 MW of contracted AI infrastructure capacity, representing an estimated $26.6 billion in expected contract value across its River Bend and Beacon Point campuses
- Separate backup bids also came in from DigiPower X, which offered $36.5 million for Pyote, while Pecos Industrial Development, acting as a designee of AI infrastructure firm Fluidstack, floated
- Hut 8 was revealed as the winning bidder for bankrupt crypto miner Poolin's two Texas data center sites with an offer of $140 million, according to a Wednesday court filing
Summary
The cash-and-other-consideration bid covers Poolin's Pyote and Tarbush sites. Hut 8's offer came in at nearly triple the combined $52 million in opening stalking-horse bids from Thor CALAP, which offered to pay $15 million for the Pyote campus and $37 million for Tarbush. Separate backup bids also came in from DigiPower X, which offered $36.5 million for Pyote, while Pecos Industrial Development, acting as a designee of AI infrastructure firm Fluidstack, floated a $100.5 million bid for Tarbush. Poolin and two U.S. affiliates filed for Chapter 11 bankruptcy protection in July after winding down mining and hosting operations at the Texas sites.