Hut 8 Wins $140M Bid for Poolin’s Two Texas Data Centers

Hut 8 is picking up distressed bitcoin-mining capacity at a moment when it is pivoting toward AI infrastructure, and the two Texas sites fit that pipeline logic more than they fit a pure mining story. The bankruptcy-court approval is the near-term gate, and it matters because it determines whether the assets transfer cleanly or become a longer legal process. The open question is whether Hut 8 converts these sites toward AI workloads or keeps them in mining, since that choice signals how far the company has moved from its original business.