PowerCompute (PWCM) mined approximately 8.1 Bitcoin in September 2026 and completed repayment of its Bitcoin-backed Arch credit facility.
Production rose 37% year over year and 2.7% from August 2026. The company used 267.4 Bitcoin to repay approximately $22.45 million of principal and accrued interest, reducing total secured debt from $23.70 million to $1.25 million and releasing all pledged Bitcoin collateral. Bitcoin holdings fell to 63.7 BTC at September 30, valued at approximately $5.3 million, or approximately $2.11 per outstanding common share. Energy sales generated approximately $89,000 in September and approximately $312,000 for the three months ended September 30, 2026. Operating results are preliminary and unaudited.
PowerCompute (PWCM) increased contracted power at its Columbus, Mississippi site to 11 megawatts under a contract effective October 1, 2026. Subsidiary US Digital Mining Mississippi signed the agreement with Columbus Light and Water on September 30, increasing demand from 8.5 megawatts and moving the site to the utility's TVA data center tariff. The contract runs through September 16, 2030, with power service uninterrupted.
No capacity commitment charge was assessed on the 11 megawatts, and the increase requires no capital contribution to the utility. TVA's new charge is approximately $1.5 million per megawatt for new or expanded data center loads above the first five megawatts. Columbus Power is returning a $300,000 deposit, replaced by a utility bond; PowerCompute intends to use the cash for Columbus capacity buildout. On-peak demand and operating practices remain unchanged.
PowerCompute (Nasdaq: PWCM) fully repaid its Arch Lending Bitcoin-backed facility on September 24, 2026, satisfying approximately $22.45 million of obligations. Arch sold approximately 267.3 pledged Bitcoin and returned approximately 39.6 Bitcoin, valued at approximately $3.3 million. No Bitcoin remains pledged. Total secured debt fell approximately 94% from approximately $19.4 million at June 30, 2026 to approximately $1.25 million; the remaining note matures December 31, 2026.
PowerCompute expects its Mississippi expansion and Oklahoma equipment upgrades to raise active mining computing power to approximately 964 PH/s, approximately 25% above June 30's approximately 771 PH/s. The Mississippi deployment uses approximately 3.5 MW of owned capacity not yet energized. PowerCompute intends to use Bitcoin as working capital rather than pursue a leveraged treasury strategy, while developing high-performance computing and AI capacity.
PowerCompute (PWCM) plans a fleet refresh expected to raise total Bitcoin mining hashrate from 771 PH/s on June 30, 2026 to about 862 PH/s, an 11.8% increase, by October 2026.
The company intends to install 1,000 Bitmain Antminer S19 XP miners at its Oklahoma site by September 30, replacing S19J Pro units, which will be redeployed to Mississippi to displace S19 units averaging 95 TH/s, lifting hashrate to roughly 822 PH/s (+6.6%). On September 22, 2026 it ordered 940 more S19 XP miners to replace additional 95 TH/s units in Mississippi, targeting approximately 862 PH/s when installed in October. Each new miner replaces a 95 TH/s machine with a 132 TH/s unit, improving efficiency from about 34 to 21.5 joules per terahash. The company estimates around $1.2 million in annual incremental revenue capacity from these machines and a total acquisition cost of about $400,000, funded from cash and Bitcoin holdings. As of August 31, 2026 it held 323 Bitcoin valued at about $27.8 million.
PowerCompute (PWCM) reported preliminary August 2026 Bitcoin production of 7.9 BTC, unchanged from July, in its monthly operational update.
Bitcoin holdings increased to 323 BTC, valued at approximately $25.2 million on August 31, 2026 at a Bitcoin price of about $78,000, up from 315.1 BTC in July. The company generated about $132,000 from energy sales via curtailment in August and $223,000 over the past two months. Of the 323 BTC, 307 BTC are pledged as collateral under the Arch credit facility, with roughly $21.9 million outstanding, leaving 16 BTC unencumbered. PowerCompute is refreshing its fleet by ordering about 1,000 miners, expected online by September 30, 2026, which is forecast to raise active hash rate by around 7% to 825 PH/s from 771 PH/s. Shares outstanding totaled 2,421,472 on August 31, 2026.
PowerCompute (PWCM) will participate in the H.C. Wainwright 28th Annual Global Investment Conference in New York City from September 14-16, 2026. Management will host one-on-one investor meetings, and a pre-recorded presentation by CEO Bruce M. Rodgers will be available on demand from September 11 at 7:00 am Eastern Time.
The company recently achieved Verified status on the Vast.ai compute marketplace for a GPU at its Oklahoma facility and has ordered a second professional-grade GPU for that site.
PowerCompute (NASDAQ: PWCM)/b) reported that the professional-grade GPU deployed at its Oklahoma facility has achieved status on the Vast.ai compute marketplace, the platform’s highest rating for an individual machine. Verified status is based on Vast.ai’s automated, continuous assessment of reliability and performance.
The company has ordered a second professional-grade GPU for the Oklahoma site, expected to be installed in September 2026. PowerCompute has begun the ISO/IEC 27001 certification process for the facility and is investing toward having at least five listed GPU servers, after which it intends to apply for Vast.ai’s Certified Datacenter status, while noting there is no assurance it will qualify.
PowerCompute (NASDAQ: PWCM) reported preliminary July 2026 Bitcoin production of 7.9 BTC, down from 8.7 BTC in June 2026 and up from 5.9 BTC in July 2025. The company sold 11.1 BTC in July and ended the month with 315.1 BTC in treasury holdings, valued at approximately $20.2 million based on a July 31 Bitcoin price of about $64,000.
According to PowerCompute, heat-related curtailment at its Oklahoma and Mississippi sites generated about $91,000 in curtailment and energy sales revenue in July. As of August 19, 2026, the estimated value of the company’s Bitcoin holdings had risen to roughly $21.5 million. In August, PowerCompute refinanced and consolidated approximately $18 million of debt into a single facility with Arch Lending, secured by Bitcoin from its treasury.
PowerCompute (NASDAQ: PWCM) reported Q2 2026 revenue of $2.12 million, flat sequentially and up 9.8% year-over-year, driven by higher Bitcoin production. The company mined 27.9 BTC at an average price of ~$72,000, versus 18.4 BTC in Q2 2025. Mining margin declined to 29.0% from 41.0% a year earlier, mainly reflecting lower Bitcoin prices and reduced curtailment and energy sales.
According to PowerCompute, Q2 2026 net loss was $4.6 million, with a Core EBITDA loss of $2.8 million, compared with Q2 2025 net income of $0.1 million and Core EBITDA income of $2.6 million, largely due to a $3.0 million loss on Bitcoin fair value versus a $3.8 million gain last year. As of June 30, 2026, cash was $0.9 million and Bitcoin holdings totaled 318.6 BTC, valued at ~$18.6 million.
Operationally, PowerCompute rebranded, announced a strategic expansion into HPC and AI infrastructure, launched a proof-of-concept GPU deployment with Vast.ai, and post-quarter refinanced $18 million of debt into a new Arch Lending facility at ~2% APR versus 12% previously, secured by 307 BTC.
PowerCompute (NASDAQ: PWCM), a Bitcoin treasury and mining and specialty finance company expanding into high-performance computing (HPC) and artificial intelligence (AI) infrastructure, has scheduled its second quarter 2026 earnings conference call and webcast for Friday, August 14, 2026 at 8:30 AM EDT.
According to PowerCompute, the company will publish its Q2 2026 earnings results and an accompanying investor presentation on the morning of August 14, 2026, before the call. The earnings release and presentation will be available on the company’s Investor Relations website at https://www.power-compute.com/investors. The event will be accessible via a live webcast and a participant call registration link.