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      Hut 8 Acquires Poolin's Texas Data Centres for $140 Million

      Hut 8, a Canadian cryptocurrency mining company turned data centre operator, has successfully acquired two data centre facilities from the bankrupt crypto miner Poolin for $140 million. The acquisition includes Poolin's 'Pyote' and 'Tarbush' data centre sites located in Texas, enhancing Hut 8's existing operations which already include the Beacon Point data centre campus in the state.

      The winning bid from Hut 8 was significantly higher than the initial opening bid of $52 million for the facilities. Other offers for the combined data centres reached up to $137 million before Hut 8 secured the deal. Poolin had filed for Chapter 11 bankruptcy protection in July 2026, following the cessation of its crypto mining activities in Texas.

      Analysts have noted that this acquisition strengthens Hut 8's data centre portfolio and increases its computational capacity. The company has also secured 949 megawatts of contracted artificial intelligence infrastructure capacity, which is projected to yield an estimated $26.6 billion in contract value across its data centres. Over the past year, Hut 8's stock has surged by 170%, currently trading at $102.46 per share.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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