[Poolin Mine Restart Auction: Hut8 Base Bid of $180 Million, $80 Million Tied to AI Data Center] Gold财经 reports that on September 30, the New Jersey bankruptcy court approved the restart of the asset auction for Poolin’s Texas mine, following disputes over Hut 8’s (NASDAQ: HUT) selection as the winning bidder. Hut 8’s affiliated entity remains the base buyer, with a maximum agreement value of $180 million, comprising $100 million in closing consideration and up to $80 million in milestone payments—triggered only by leases or transfers of ownership for data centers (AI/high-performance computing/cloud) supported by the acquired power rights, excluding mining facilities. The September 30 order schedules the auction for October 2 at 10:00 a.m., with competing bids due by noon on October 1, differing from Poolin’s earlier $140 million deal selected in early September. Poolin filed for Chapter 11 on July 22.
Poolin Mining Farm Restarts Auction; Hut8's Base Offer at $180 Million
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Summary
On September 30, a New Jersey bankruptcy court approved the resumption of the auction for the Poolin Texas mining facility following a dispute with Hut 8 (NASDAQ: HUT). Hut 8 holds the leading bid at $180 million, comprising a $100 million closing payment and $80 million in milestone payments tied to data center usage in AI or cloud sectors. Poolin filed for Chapter 11 on July 22. The auction is set for October 2, with final bids due by noon on October 1. This new offer supersedes a previous $140 million agreement. Meanwhile, new token listings continue to draw market attention, as investors monitor upcoming inflation data for broader macroeconomic signals.
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