Hut 8 wins reported $140 million bid for Poolin’s Texas sites
Hut 8 was reported as the winning bidder for Poolin’s Pyote and Tarbush data centers. The September 23 auction development remained distinct from court approval and a completed ownership transfer.
The Block reported on September 23, 2026 that Hut 8 had won bidding for Poolin’s Pyote and Tarbush data centers in Texas with a $140 million offer. The account referred to the bankruptcy sale process and a forthcoming court hearing rather than a completed acquisition.
Poolin’s Bitcoin mining connection made the sites part of a mining-infrastructure restructuring. Selling data-center assets can move electrical capacity and facilities between operators even while the former owner’s insolvency proceedings continue. For the bidder, the assets represent an infrastructure opportunity; for the bankruptcy estate, the bid is part of realizing value for creditors.
A winning auction bid does not automatically transfer title or establish that every proposed operating plan has begun. The reported September result remained subject to the sale’s subsequent legal and closing stages. It records the concrete bid and buyer in a reallocation of Texas computing infrastructure, without assuming the later court outcome.