PowerCompute, Inc. terminated its Bitcoin-secured loan facility with Arch Lending on September 24, 2026, reducing total secured debt by approximately 94% from $19.4 million to $1.25 million. The settlement involved selling 267.3 of the 307 pledged Bitcoin to cover $21,892,132 in principal, $118,582 in accrued interest, and a $440,122 fee, while returning approximately 39.6 Bitcoin valued at roughly $3.3 million to the company. This action eliminates significant interest and collar-related expenses associated with prior credit facilities. PowerCompute plans to deploy returned capital toward expanding its Mississippi mining operations and upgrading equipment in Oklahoma, targeting an increase in active hash rate from 771 PH/s to approximately 964 PH/s. The company operates electrical infrastructure for Bitcoin mining and high-performance computing.
