September 2026 Bitcoin Production and Operational Update
Repayment released all Bitcoin collateral pledged under the Arch facility, while leaving the company with a smaller Bitcoin balance.
Sentiment and the balance of points
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Rhea-AI Summary
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.
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.
Positive
- Major pointArch facility repaid in full, reducing total secured debt from $23.70 million to $1.25 million.
- Moderate pointApproximately 8.1 BTC mined in September 2026, up 37% year over year and 2.7% from August.
- Moderate pointEnergy sales generated approximately $89,000 in September and approximately $312,000 for the three months ended September 30, 2026.
- Minor pointAll Bitcoin collateral previously pledged under the Arch facility was released.
Negative
- Major pointBitcoin holdings declined to 63.7 BTC after 267.4 Bitcoin was applied to debt repayment.
- Minor pointSeptember operating results remain preliminary and unaudited.
Details
Market move: PWCM -8.41% vs previous close. September 2026 production update
On Oct 8, the day this news came out, the latest delayed price for PWCM is 8.41% below the previous close. Our momentum scanner has recorded 13 alerts for this stock so far that day. The latest delayed price is $0.93.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
- Bitcoin mined
- 8.1 BTC
- September 2026; up 37% year over year from 5.9 BTC and 2.7% from August
- September energy sales
- Approximately $89,000
- September 2026
- Three-month energy sales
- Approximately $312,000
- Three months ended September 30, 2026
- Facility repayment
- $22.45 million
- Arch facility repaid in full in September 2026
- Total secured debt
- $23.70 million to $1.25 million
- Following the facility repayment
- Bitcoin held
- 63.7 BTC
- September 30, 2026, down from 323.02 BTC on August 31, 2026
- Bitcoin holdings value
- Approximately $5.3 million
- At September 30, 2026
Previous Crypto Reports
-
Prior report documented full repayment of the Arch facility and release of pledged Bitcoin.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
unaudited financial
curtailment technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Mined 8.1 Bitcoin in September, up
Generated approximately
Completed previously announced repayment of
TAMPA, Fla., Oct. 08, 2026 (GLOBE NEWSWIRE) -- PowerCompute, Inc. (Nasdaq: PWCM) (“PowerCompute” or the “Company”), 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 September 30, 2026.
As previously announced, in September 2026, PowerCompute applied 267.4 Bitcoin to repay approximately
| Metric | September 2025 | August 2026 | September 2026 | ||
| - Bitcoin1 | |||||
| - Mined, net | 5.9 | 7.9 | 8.1 | ||
| - Sold | (12.5) | — | — | ||
| - Bitcoin applied to debt repayment | — | — | (267.4) | ||
| - Service fee | (0.01) | — | — | ||
| Bitcoin ending balance | 304.5 | 323.022 | 63.7 | ||
September 2026 Highlights
- Bitcoin production: Mined approximately 8.1 BTC up
37% from 5.9 BTC in September 2025 and up2.7% from 7.9 BTC in August 2026. - Energy sales: Generated approximately
$89,000 in September by selling energy during seasonal heat-related curtailment at its Oklahoma and Mississippi sites, bringing total energy sales to approximately$312,000 for the three months ended September 30, 2026. - Bitcoin held: 63.7 BTC at September 30, 2026, valued at approximately
$5.3 million based on a Bitcoin price of approximately$83,900 on that date, or approximately$2.11 per share of common stock outstanding.
“We used Bitcoin to retire debt rather than carry leverage,” said Bruce M. Rodgers, Chairman, Chief Executive Officer and President of PowerCompute. “Our business is built on owned, interconnected power. In the hottest months, we can earn more by selling that power back to the grid than by mining with it, and over the past three months that produced about
The Company had 2,535,061 shares of common stock outstanding as of September 30, 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
__________________________
1 Unaudited
2 Includes 307 BTC held for Arch loan facility
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much Bitcoin did PowerCompute mine in September 2026?
PowerCompute mined approximately 8.1 BTC in September 2026, up 37% from 5.9 BTC in September 2025 and up 2.7% from 7.9 BTC in August 2026. The results are preliminary and unaudited.
How did PowerCompute repay its Arch credit facility?
PowerCompute applied 267.4 Bitcoin to repay approximately $22.45 million of principal and accrued interest in September 2026. The facility was repaid in full, all Bitcoin pledged under it was released, and total secured debt declined from $23.70 million to $1.25 million.
Why did PowerCompute sell energy in September 2026?
PowerCompute sold energy during seasonal heat-related curtailment at its Oklahoma and Mississippi sites. The company said selling power back to the grid can earn more than mining with it during the hottest months.