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.

PowerCompute, Inc. announced on July 27, 2026, that it regained compliance with Nasdaq's minimum bid price requirement under Listing Rule 5550(a)(2). The company had previously received a deficiency notice in January 2026 and completed a 1-for-25 reverse stock split effective July 3, 2026. Nasdaq confirmed that the common stock maintained a closing bid price of $1.00 or greater for ten consecutive business days from July 13 to July 24, 2026, allowing the matter to be closed without further action. PowerCompute operates in the cryptocurrency mining and technology-based specialty finance industry, expanding into high-performance computing and artificial intelligence infrastructure.

On July 20, 2026, LM Funding America, Inc. announced it is changing its corporate name to PowerCompute, Inc., effective July 22, 2026. The company will also change its Nasdaq ticker symbol from LMFA to PWCM on the same date. This rebranding reflects a strategic shift toward high-performance computing (HPC) and AI infrastructure, leveraging 26 megawatts of wholly-owned operational power infrastructure. The company's CUSIP number remains unchanged, and no stockholder vote was required. The company operates as a Bitcoin treasury and mining firm expanding into AI infrastructure and technology-enabled specialty finance.

LM Funding America, Inc. is implementing a 1-for-25 reverse stock split to regain compliance with the Nasdaq Bid Price Rule after its closing bid price fell below $1.00. The split will become effective at 12:01 a.m. ET on July 13, 2026, and trading will be split-adjusted on that day. LM Funding America, Inc. operates in the financial services industry and provides funding solutions.