Bankruptcy court approval for Poolin acquisition
Company: Hut 8
What the later record shows
Delivered late · happened October 2, 2026
The court did not approve the sale on September 29; it reopened bidding on September 30. It then approved a $180 million sale to the same bidder on Friday, October 2, 2026.
“A New Jersey bankruptcy court has reopened bidding for Poolin’s Texas mining properties, leaving a Hut 8 affiliate as the current buyer under a transaction worth up to $180 million.”
2026-09-30 · Hut 8 Stays Lead Bidder as Poolin Texas Assets Return to Auction - tokenpost.com View cached copy (2026-10-02)Live source ↗Archive.org ↗
“After reopening its auction, cryptocurrency miner Poolin Technology received approval Friday from a New Jersey bankruptcy court for a $180 million sale of its assets to the same bidder that won”
2026-10-02 · Poolin Gets Approval For $180M Hut 8 Sale After Auction Redo - law360.com View cached copy (2026-10-03)Live source ↗Archive.org ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
The Poolin acquisition requires approval from the U.S. Bankruptcy Court for the District of New Jersey, with a sale hearing scheduled for September 29
Source (primary)
Hut 8 Wins $140M Bid for Poolin’s Two Texas Data Centers - Cryptonews.net (-, news_article)
View cached copy (2026-09-27)Live source ↗Archive.org ↗
Quote: “However, the transaction still requires approval from the U.S. Bankruptcy Court for the District of New Jersey. The court has scheduled a sale hearing for Sept. 29.”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The article states the transaction still needs approval from the U.S. Bankruptcy Court for the District of New Jersey and that a sale hearing was scheduled for Sept. 29.
Confirmed in the source:
- Hut 8's acquisition of Poolin's Texas data center sites requires approval from the U.S. Bankruptcy Court for the District of New Jersey
- The court scheduled a sale hearing for September 29
What we did: Read our cached copy of the publisher (https://cryptonews.net/news/mining/33486120/) in full (4,333 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 Wins $140M Bid for Poolin’s Two Texas Data Centers - Cryptonews.net
Quote: “However, the transaction still requires approval from the U.S. Bankruptcy Court for the District of New Jersey. The court has scheduled a sale hearing for Sept. 29.”
confirms Hut 8 Stays Lead Bidder as Poolin Texas Assets Return to Auction - tokenpost.com
Quote: “A New Jersey bankruptcy court has reopened bidding for Poolin’s Texas mining properties, leaving a Hut 8 affiliate as the current buyer under a transaction worth up to $180 million.”
confirms Poolin Gets Approval For $180M Hut 8 Sale After Auction Redo - law360.com
Quote: “After reopening its auction, cryptocurrency miner Poolin Technology received approval Friday from a New Jersey bankruptcy court for a $180 million sale of its assets to the same bidder that won”