Hut 8 Acquires Two Texas Data Centers from Bankrupt Bitcoin Mining Pool Poolin
Canadian cryptocurrency miner Hut 8 has won a $140 million bid for two data centers in Texas previously owned by the now-bankrupt Bitcoin mining pool, Poolin. The acquisition marks an expansion of Hut 8's infrastructure beyond Bitcoin mining into large-scale power and data center operations. Poolin filed for Chapter 11 bankruptcy on July 22, 2026, with approximately $173 million in debt after facing liquidity issues during the crypto downturn. Hut 8 reported a significant revenue increase to $74.9 million in its second-quarter earnings report from August 4, up from $41.3 million a year earlier. The company is also involved in major deals such as Anthropic's $35 billion computing agreement with Lambda and has secured long-term leases worth over $16 billion at its Beacon Point campus. The acquisition highlights Hut 8’s strategic shift toward data center infrastructure, which could position it for growth amid rising demand from AI and cloud services. However, the company's stock was down slightly on the day of reporting.
Topics: Bankruptcy Bitcoin mining Crypto industry Data centers