**[Hut 8 Resumes Bidding for Poolin's Texas Mining Assets, Highest Offer May Reach $180 Million]** Odaily Planet Daily News: The U.S. Bankruptcy Court in New Jersey has approved the reopening of the bidding process for Poolin's Texas Bitcoin mining assets. Previously, the acquisition plan proposed by Hut 8 (NASDAQ: HUT) sparked controversy, leading the transaction to re-enter the bidding stage. According to the court order issued on September 30, the public auction will be held on October 2 at 10:00 AM (Eastern Time), and other bidders must submit their offers by noon on October 1. Hut 8's affiliated company remains the baseline bidder, with its agreement valued at up to $180 million. This includes $100 million in cash payable upon closing and up to $80 million in milestone payments tied to future data center transactions. Previously, Poolin had selected a $140 million deal in September, but court documents show that Hut 8's proposal includes potential additional benefits related to data center development. The milestone payments are linked to qualifying data center leases, the development of data centers utilizing acquired power resources, and other initiatives involving AI, high-performance computing, cloud computing, and hosting facilities, excluding facilities primarily used for crypto mining. The dispute stems from an auction held on September 10, during which Thor CALAP led with a $180 million bid, narrowly surpassing Hut 8's $179 million offer. Subsequent negotiations between the parties failed to reach an agreement, prompting Poolin to shift to Hut 8's proposal, citing higher transaction certainty. The court stated that reopening the bidding aligns with Poolin's commercial judgment to maximize creditor interests and affirmed that Hut 8 and its affiliates acted in good faith during the previous bidding process. If the transaction is ultimately completed by another buyer, Hut 8 will receive a $3 million breakup fee and $250,000 in expense reimbursement. Poolin and its U.S. affiliates filed for Chapter 11 bankruptcy protection on July 22, 2026. Filing documents revealed pre-bankruptcy debts of approximately $173.1 million, including $163.7 million in unsecured debt issued to wallet users following the suspension of withdrawals in 2022. The court order does not determine the final recovery ratio for creditors. (Theenergymag)