Hut 8 has been selected as the winning bidder for two Texas data center sites owned by bankrupt mining company Poolin. The $140 million offer came in at nearly three times the opening bids and highlights the increasing value of power-ready mining infrastructure as AI demand expands.
A new CoinShares report shows that Bitcoin mining is still adjusting after a difficult first half of 2026. Network hashrate remains well below its long-term trend, while tighter mining margins are pushing several large operators to devote more power and infrastructure to AI and high-performance computing.
Riot Platforms has signed a 20-year agreement to provide 191 MW of critical IT capacity from its Rockdale, Texas campus to a leading frontier AI company. The contract is expected to generate approximately $9.1 billion in revenue and highlights how major Bitcoin miners are increasingly using their power infrastructure for AI and high-performance computing alongside mining operations.
Cipher Mining’s (CIFR) $3B HPC deal should have been a catalyst, but the stock went sideways as a $1.3B convertible raise stole the spotlight. Here’s why institutions rushed in, and what it means for shareholders.
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