Court approves $180 million sale of Poolin's Texas assets to Hut 8
A bankruptcy court approved a revised sale following a reopened auction, advancing the transfer of distressed Bitcoin-mining infrastructure.
A New Jersey bankruptcy court approved the $180 million sale of Poolin Technology's Texas data-center assets to Hut 8 on October 2, 2026, according to Bloomberg Law. The approval followed a reopened auction process, making it a new stage in the disposition of the distressed mining business's assets.
Bitcoin mining depends on physical infrastructure as well as specialized computers: access to power, operating sites and data-center capacity can remain valuable even when the company controlling them enters financial distress. A court-supervised asset sale can move that infrastructure to another operator without preserving the seller's original corporate structure.
The October ruling approved the revised transaction. Approval was not, by itself, proof that all closing conditions had been satisfied or that every acquired site had begun operating under new ownership. It also did not establish a corresponding change in Bitcoin's total network hashrate.
The sale showed how bankruptcy proceedings could redistribute mining capacity between established industry participants. Its historical substance was the legal authorization of a major infrastructure transfer after competitive sale proceedings, rather than a routine purchase of additional mining machines.