Poolin West Texas mining assets
Company: Hut 8
The claim, verbatim
Hut 8 will acquire Poolin's West Texas mining assets for $140 million
Source (primary)
Hut 8 Wins Poolin Auction With $140 Million Bid as AI Fuels Race for Power - TheEnergyMag (-, news_article)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “Hut 8 (NASDAQ: HUT) has emerged as the winning bidder for bankrupt Poolin's West Texas mining assets with a $140 million offer”
How we checked this
Checked on September 28, 2026. The cited source supports part of this claim, but not all of it.
The article confirms Hut 8 won the auction with a $140 million bid, but it says the sale still needs signed purchase agreements, closing conditions and court approval, with a sale hearing set for September 29, so it does not establish that Hut 8 will acquire the assets.
Confirmed in the source:
- Hut 8 was named the winning bidder in the auction for bankrupt Poolin's West Texas mining assets
- Hut 8's winning offer was $140 million, made up of cash and other consideration
We could not confirm this from the cited source:
- Hut 8 will acquire Poolin's West Texas mining assets: the source says the winning bid is still subject to signed asset purchase agreements, closing conditions and bankruptcy court approval, and backup bidders were named
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of the publisher (https://theenergymag.com/news/2026-09-23/hut-poolin-bitcoin-bankruptcy-ai) in full (5,211 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 Wins Poolin Auction With $140 Million Bid as AI Fuels Race for Power - TheEnergyMag
Quote: “Hut 8 (NASDAQ: HUT) has emerged as the winning bidder for bankrupt Poolin's West Texas mining assets with a $140 million offer”