Poolin Texas Bitcoin Mining Assets Head to New Auction at $180 Million Valuation

Poolin's Texas Bitcoin mining assets are returning to auction under an approved New Jersey bankruptcy court order with consideration potentially reaching $180 million. A Hut 8 affiliate serves as the stalking-horse bidder, offering $100 million in upfront cash plus up to $80 million in earnout milestone payments tied to non-crypto data center operations. Competing bids are due October 1 ahead of the October 2 auction. The move follows earlier negotiations after Hut 8 previously emerged as the winning bidder for Poolin's Pyote and Tarbush campuses with a $140 million offer.