Hut 8 has emerged as the winning bidder for Poolin’s Pyote and Tarbush data-center sites in Texas with a $140 million offer comprising cash and other consideration. The bid is nearly three times the combined $52 million stalking-horse offers that initiated the bankruptcy auction. The sale is not yet complete and requires approval from the U.S. Bankruptcy Court for the District of New Jersey at a hearing scheduled for September 29. Poolin entered Chapter 11 bankruptcy protection in July with about $173 million of obligations, much of it linked to IOUs owed to Poolin Wallet users after withdrawals were frozen in 2022. The outcome highlights the growing value of power-connected mining sites for data-center and AI infrastructure beyond Bitcoin mining.