Hut 8 Wins Auction for Two Poolin Texas Data Centers With $140 Million Bid
JH Kim
Summary
- Bitcoin miner Hut 8 has been selected as the winning bidder for two data centers in Texas owned by Poolin in the US.
- Hut 8 offered a total of $140 million for the two facilities, about 2.7 times the combined minimum bid of $52 million.
- Poolin's debt totals about $173 million, of which about $164 million is related to unsecured IOUs issued to wallet users.
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Bitcoin miner Hut 8 has been selected as the winning bidder for two Texas data centers owned by mining pool Poolin.
The Block reported on Sept. 23 that Hut 8 offered a combined $140 million for the two facilities, about 2.7 times their combined minimum bid price of $52 million.
Poolin announced after filing for Chapter 11 bankruptcy protection in late July that it would sell its Bitcoin mining facilities in Texas.
Poolin's debt totals about $173 million. Of that, about $164 million is related to unsecured IOUs issued to wallet users.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.