✉news BusinessCrypto first seen 1 h ago, last 6 min ago, peak #4
Hut 8 wins $140M bid for former Poolin mining sites in Texas
Original: Hut 8 wins $140M bid for former Poolin Bitcoin mining sites in Texas, pending court approval
Bitcoin miner Hut 8 has won an auction with a $140 million bid to acquire former Poolin Bitcoin mining facilities in Texas, though the deal still awaits court approval. The acquisition would expand Hut 8's mining capacity in the state, a major hub for US Bitcoin mining. The outcome follows a bankruptcy process involving Poolin's mining operations.
Why now: The deal signals consolidation in the Bitcoin mining industry as distressed operators' assets are picked up by larger rivals.
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- Hut 8 wins $140M bid for former Poolin Bitcoin mining sites in Texas, pending court approval · Pluang
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