SiteFlip Distressed Compute Marketplace
A deal-discovery platform that surfaces bankrupt or distressed crypto-mining sites, power contracts and GPUs being auctioned so AI infrastructure buyers can find cheap capacity before it goes to a stalking-horse bidder.
AI/HPC startups and infra investors hunting for cheap power and GPU capacity
- Tracks Section 363 stalking-horse bids (e.g., Poolin/Thor $52M) and competing offers in one feed
- Filters sites by MW capacity, grid interconnect status and existing electrical equipment
- Estimated repurposing cost to convert mining sites to AI inference/colocation
- Alerts when new filings match your capacity and location criteria
Poolin's auction explicitly marketed to AI/HPC buyers and hyperscalers, and peers like Greenidge are rebranding around AI compute; distressed mining sites are a real, time-sensitive deal flow.
Real, time-sensitive deal flow confirmed: Poolin $52M stalking-horse, NFN8 Chapter 11, Core Scientific/CoreWeave multi-billion deal, IREN $3.4B Nvidia contract, Hut 8 $9.8B AI lease, MARA buying a power plant — but flow is concentrated among a handful of public miners and hyperscalers, not a broad SMB market.Poolin Files Chapter 11, Lines Up $52M Sale of Texas Bitcoin Mining Assets ↗Hut 8, IREN land billions in new contracts, lifting AI compute stocks ↗Cryptominer NFN8 files for bankruptcy, following data center fire and bitcoin price crash ↗
No dedicated distressed-compute marketplace exists; closest competitors are Acquire.fi (broad Web3 M&A), Dividend (generic distressed assets), and CBRE/Colliers (traditional brokers) — leaving a clear niche if buyers/sellers can be pulled off bankruptcy-court and banker channels.Web3 M&A Marketplace | Buy a Crypto Business | Acquire.Fi ↗Dividend Distressed Assets Marketplace ↗Data Center Capital Markets - CBRE ↗
Success-fee model is proven (Rejigg charges buyer subs + success fees) and deal sizes are huge (multi-billion IREN/Nvidia, CoreWeave/Core Scientific), so even low take-rates produce meaningful revenue — but deals currently route through bankruptcy courts with stalking-horse bidders and elite advisors (Moelis, Houlihan), making marketplace capture uncertain.Rejigg | Buy and Sell Businesses ↗How MARA, Core Scientific, and IREN Are Shifting from Bitcoin Mining to AI Compute ↗
Countercyclical to bitcoin halvings and power prices, so supply should recur — but the strongest miners (CORZ, IREN, Hut 8, MARA, Hive, WULF, APLD) are pivoting to AI rather than going bankrupt, shrinking the distressed-supply pool over time; tail risk if crypto rebounds.Miners pivot to AI: IREN, RIOT, WULF, CIFR, CLSK pop ↗Bitcoin Miners Are Pivoting To AI Post-Halving ↗
A listing/search/alert marketplace is trivially buildable with standard web tooling, and bankruptcy filings are public via PACER plus SEC 8-Ks — but the hard part is sourcing real off-market listings and convincing counsel-laden bidders to use a startup platform.Real Estate for Sale - SOLminer Farm ↗