Recent Updates — LMFA
PowerCompute applied 267.4 Bitcoin to fully repay its Arch credit facility, retiring approximately $22.45 million in principal and accrued interest. This transaction released all pledged Bitcoin collateral and reduced the company's total secured debt from $23.70 million to $1.25 million. For September 2026, the company mined 8.1 BTC, a 37% increase year-over-year, while generating approximately $89,000 in energy sales during seasonal curtailment. Bitcoin holdings decreased to 63.7 BTC at month-end. PowerCompute operates electrical infrastructure for Bitcoin mining and high-performance computing.
PowerCompute's subsidiary executed a new Industrial Power Contract with Columbus Light and Water for up to 11,000 kilowatts of firm power, effective October 1, 2026. The agreement moves the facility from the general industrial rate to the TVA Large Data Service Rate (Schedule DCB), allowing the company to avoid a new $1.5 million per megawatt capacity commitment charge applicable to data center loads above five megawatts. Columbus Light and Water returned a $300,000 deposit, which PowerCompute intends to use for capacity buildout at the site. The contract has an initial term ending September 16, 2030. PowerCompute operates Bitcoin mining and high-performance computing infrastructure.
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.
On August 25, 2026, PowerCompute, Inc.'s subsidiary US Digital Mining and Hosting Co, LLC entered into a new non-recourse loan facility with Arch Lending. The company borrowed $21,892,131.88 secured by 307 Bitcoin at an interest rate of 6.5% per annum. Approximately $18.1 million of the proceeds were used to repay a previous loan from August 3, 2026, while the remaining $3.765 million funded the collar feature of that prior debt. The new facility is a 30-day collared loan with automatic rollover capabilities, featuring a floor price of $71,112 per Bitcoin, a ceiling of $75,000, and a barrier price of $93,500 for the initial period. PowerCompute operates in the cryptocurrency mining and hosting industry.
PowerCompute reported July 2026 Bitcoin mining metrics, netting 7.9 BTC mined and holding a treasury of 315.1 BTC valued at $20.2 million. The company generated approximately $91,000 in curtailment revenue due to seasonal heat-related operational reductions. Additionally, PowerCompute refinanced and consolidated roughly $18 million of debt into a single facility with Arch Lending, using its Bitcoin treasury as collateral rather than selling holdings. This financing strategy supports the company's transition toward high-performance computing and AI infrastructure while maintaining its cryptocurrency reserves.
PowerCompute, Inc. reported financial results for the three and six months ended June 30, 2026. Total revenue was $2.1 million, up 9.8% year-over-year, while the company mined 27.9 Bitcoin in Q2 at an average value of approximately $72,000. The company reported a net loss of approximately $4.6 million for the quarter, driven by fair market value adjustments on digital assets due to declining Bitcoin prices. Subsequent to the quarter end, PowerCompute refinanced $18 million of existing debt through a new facility with Arch Lending, utilizing 307 Bitcoin as collateral and reducing the interest rate from 12% to approximately 2% APR. The company also announced an expansion into high-performance computing and AI infrastructure via an agreement with Vast.ai. PowerCompute is a Bitcoin treasury and mining company expanding into high-performance computing and artificial intelligence infrastructure.