For the Poolin Texas data center deal, it’s finally not a case of “the auction is about to start.” Bloomberg Law has sealed it: a New Jersey bankruptcy court approved it—Hut 8 will purchase it for consideration of approximately $180 million.
Only filter the facts:
1️⃣ Buyer: Hut 8 Corp (NASDAQ: HUT)
2️⃣ Target: Poolin Technology’s Texas data center site
3️⃣ Amount: approximately $180 million (Bloomberg Law, Oct 2 ~ 23:54 Asia publication time)
4️⃣ Court: DNJ Judge Eamonn J. O'Hagan, approved after the second round of bidding
The earlier fight between the stalking-horse parties over $140 million/$180 million, and the InvestingChannel old news resurfacing—none of that counts. What matters is a court-approved close + a named amount, and this time it’s all in place. Hut 8’s official IR post hasn’t gone up yet, so for now we’ll follow the authoritative legal news track.
The mining-asset holdings are in the hands of AI/DC buyers; more interesting than the bidding is that they’ve been cleanly sold off.
$BTC Liquidating mining assets ≠ token momentum—don’t brainlessly assume it’s a market signal.
Does not constitute investment advice.