Recent Updates — PWCM
July 31, 2026View Source ↗
PowerCompute, Inc. entered into a $18 million bridge loan transaction with Arch Lending to repay existing indebtedness to Galaxy Digital and DE & AJ Liebel Limited Partnership ahead of a anticipated secured term loan facility backed by the company's Bitcoin treasury. The bridge notes mature on July 31, 2026, bearing interest at the Applicable Federal Rate, with an expected extension upon execution of the term loan. Additionally, the company extended the maturity date of its $11,250,000 secured promissory note with Brown Family Enterprises to December 31, 2026. PowerCompute operates in the Bitcoin mining and digital asset hosting industry.