Poolin Data Center Bidding Reaches $180 Million in Competitive Auction

The bankruptcy auction for Poolin’s Texas data centers has seen competing bids reach $180 million (approximately 24.86 billion won), significantly higher than the initial $52 million (around 71.8 billion won) bid. Chinese media outlet Foresight News reported that Poolin received this offer during the competitive bidding process.

Poolin’s asset liquidation remains pending final approval from a New Jersey bankruptcy court and completion of transaction procedures. The company filed for Chapter 11 bankruptcy protection under U.S. federal law in July, aiming to sell two mining facilities located in western Texas.