A New Jersey bankruptcy court has approved reopening the auction for Poolin’s Texas Bitcoin mining assets after a dispute involving Hut 8’s acquisition proposal. The public auction will take place on Oct. 2 at 10 a.m. Eastern time, with competing bids due by noon on Oct. 1. A Hut 8-affiliated company remains the stalking-horse bidder under an agreement valued at up to $180 million, including $100 million in cash at closing and as much as $80 million in milestone payments tied to future data-center projects. The payments can relate to artificial intelligence, high-performance computing, cloud computing and colocation facilities, but exclude sites primarily used for cryptocurrency mining. The court said reopening the process serves creditors’ interests and found Hut 8 and its affiliates acted in good faith. Poolin filed for Chapter 11 protection with about $173.1 million in debt, including approximately $163.7 million in unsecured obligations owed to wallet users after withdrawals were suspended in 2022.