PowerCompute (Nasdaq: PWCM) Increases October Bitcoin Production 20% Year-Over-Year as Fleet Refresh Lifts Active Hashrate 11.4%
Approximately 900 more efficient miners were installed on existing 26-megawatt power capacity without adding power capacity.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
PowerCompute (PWCM) mined approximately 9.0 Bitcoin in October 2026, up 20% from October 2025, as its mining fleet refresh continued.
Production rose 11.1% from September 2026. Active hashrate, a measure of computing power, reached approximately 800 PH/s at October 31, up 11.4% from September 30. Approximately 900 more efficient miners were installed on existing 26-megawatt power capacity. Energy sales generated approximately $46,000 during economic curtailment. Bitcoin holdings totaled 65.7, valued at approximately $5.1 million, or approximately $2.00 per common share. The company said it is funding the refresh with Bitcoin and cash on hand, not new debt. Results are preliminary and unaudited.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Major point267.4 Bitcoin applied to debt repayment in September 2026.
- Moderate pointApproximately 9.0 Bitcoin mined in October 2026, up 20% year over year and 11.1% from September 2026.
- Moderate pointActive hashrate reached approximately 800 PH/s at October 31, 2026, up 11.4% from September 30, 2026.
- Moderate pointEnergy sales generated approximately $46,000 in October 2026 when selling power was worth more than mining. 3.3% of market cap
- Minor pointApproximately 900 more efficient miners installed on existing 26-megawatt power capacity.
2 minor points
- Minor pointFleet refresh funding uses Bitcoin and cash on hand, not new debt, the company said.
- Minor point. Forward-looking: it has not happened yet and may not happen.Further older-machine replacements are planned where economics support them, the company said.
Negative
- Major pointBitcoin holdings of 65.7 at October 31, 2026 rose from September’s 63.7 but fell from October 2025’s 294.9.
Key Figures
- Bitcoin mined
- 9.0 BTC
- October 2026; up 20% year over year and 11.1% from September 2026
- Active hashrate
- 800 PH/s
- At October 31, 2026; up 11.4% from 718 PH/s at September 30
- Miners installed
- Approximately 900 miners
- More efficient miners installed on existing power capacity
- Energy sales
- Approximately $46,000
- October 2026, from energy sales at the Oklahoma site
- Bitcoin holdings
- 65.7 BTC
- At October 31, 2026; valued at approximately $5.1 million, or approximately $2.00 per share
Previous Crypto Reports
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September production of 8.1 BTC supplies the comparable prior-month baseline for October's 9.0 BTC.
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Prior refresh targeted higher hashrate through replacements; October reported 900 installations and 800 PH/s.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
hashrate technical
high-performance computing technical
economic curtailment technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Mined 9.0 Bitcoin in October 2026, up
Generated approximately
TAMPA, Fla., Nov. 10, 2026 (GLOBE NEWSWIRE) -- PowerCompute, Inc. (Nasdaq: PWCM) (“PowerCompute” or the “Company”), formerly LM Funding America, Inc., a Bitcoin mining and power-infrastructure company developing high-performance computing (“HPC”) and artificial intelligence (“AI”) infrastructure, today announced preliminary, unaudited Bitcoin mining and operating results for the month ended October 31, 2026. The Company mined approximately 9.0 Bitcoin in October 2026, up
| Metric | October 2025 | September 2026 | October 2026 | |||
| Bitcoin mined | 7.5 | 8.1 | 9.0 | |||
| Bitcoin sold | (17.0 | ) | — | (7.0 | ) | |
| Bitcoin applied to debt repayment | — | (267.4 | ) | — | ||
| Service fee | (0.04 | ) | — | — | ||
| Bitcoin ending balance | 294.9 | 63.7 | 65.7 | |||
October 2026 Highlights
- Energy sales: Generated approximately
$46,000 in October 2026 by selling energy at its Oklahoma site during periods of economic curtailment, when the value of power sold to the grid exceeded the value of mining with it. - Bitcoin held: 65.7 BTC at October 31, 2026, valued at approximately
$5.1 million based on a Bitcoin price of approximately$77,000 on that date, or approximately$2.00 per share of common stock outstanding.
“We are putting more hashrate on the same power,” said Bruce M. Rodgers, Chairman, Chief Executive Officer and President of PowerCompute. “Active hashrate rose about
The Company had 2,535,061 shares of common stock outstanding as of October 31, 2026.
About PowerCompute
PowerCompute, Inc. (Nasdaq: PWCM), formerly LM Funding America, Inc., is an owner and operator of electrical infrastructure that converts electricity into Bitcoin and high-performance computing and artificial intelligence capacity. Founded in 2008 and headquartered in Tampa, Florida, the Company operates 26 megawatts of interconnected electrical infrastructure across Bitcoin data center facilities in Oklahoma and Mississippi.
The Company also operates a technology-enabled specialty finance business providing funding to nonprofit community associations primarily in Florida. For more information, please visit https://www.power-compute.com.
Forward-Looking Statements
This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties.
Some of these risks and uncertainties are identified in the Company’s most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, the Company’s ability to maintain compliance with the continued listing requirements of The Nasdaq Stock Market, including the minimum bid price requirement; the availability, cost and timely delivery and installation of mining equipment and related infrastructure, including the effect of tariffs on imported equipment; the Company’s ability to increase active mining hash rate or realize anticipated improvements in fleet efficiency; the Company’s ability to energize remaining power capacity on anticipated timelines or at anticipated cost; the Company’s ability to repay or refinance its remaining indebtedness at or before maturity; changes in Bitcoin prices, Bitcoin network difficulty and total network hash rate; the availability and pricing of energy sales and curtailment revenue; the Company’s ability to convert owned power capacity to HPC and AI use on anticipated timelines or at anticipated cost; the Company’s ability to acquire additional electrical capacity on acceptable terms; the Company’s ability to secure customers for HPC and AI capacity; changes in TVA or Columbus Light and Water rate schedules, tariffs or rate classifications, including the application, amount or timing of any capacity commitment charge, and the Company’s ability to maintain its current rate classification at the Columbus site; the anticipated reduction in interest and collar-related expense following repayment of the Company’s Bitcoin-backed credit facility; the availability and cost of GPU and related infrastructure equipment; competition in the HPC and AI compute market; and other risks associated with the Company’s Bitcoin mining, HPC, AI and specialty finance businesses.
The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition and results of operations. Forward-looking statements speak only as of the date made, and the Company undertakes no obligation to update such statements except as required by applicable law.
Investor and Media Contact
KCSA Strategic Communications
Philip Carlson
pwcm@kcsa.com
212-896-1233
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