📰 New Jersey Bankruptcy Court Reopens Bidding for Poolin Texas Bitcoin Mining Assets
Source : Binance
description: A New Jersey bankruptcy court has approved reopening the bidding process for Poolin’s Texas Bitcoin mining assets. According to ChainCatcher, Hut 8’s affiliated company remains the stalking horse bidder, with a proposal worth up to $180 million. The bid includes $100 million payable at closing and up to $80 million in milestone payments tied to future data center transactions. Court filings said the additional payments would be linked to AI, high-performance computing, cloud computing, and colocation development projects, but not facilities primarily used for crypto mining. Poolin had previously selected a $140 million deal, but the auction was restarted after a bidding dispute. The public auction is scheduled for October 2, and other bidders must submit offers by October 1. The court said the rebidding is intended to maximize creditor value.
Time : 2026-10-01 02:44:01
Credit : binance news
Link : https://www.binance.com/en/square/post/372455183840862
$BTC
Source : Binance
description: A New Jersey bankruptcy court has approved reopening the bidding process for Poolin’s Texas Bitcoin mining assets. According to ChainCatcher, Hut 8’s affiliated company remains the stalking horse bidder, with a proposal worth up to $180 million. The bid includes $100 million payable at closing and up to $80 million in milestone payments tied to future data center transactions. Court filings said the additional payments would be linked to AI, high-performance computing, cloud computing, and colocation development projects, but not facilities primarily used for crypto mining. Poolin had previously selected a $140 million deal, but the auction was restarted after a bidding dispute. The public auction is scheduled for October 2, and other bidders must submit offers by October 1. The court said the rebidding is intended to maximize creditor value.
Time : 2026-10-01 02:44:01
Credit : binance news
Link : https://www.binance.com/en/square/post/372455183840862
$BTC