Here are the 10-Q quarterly reports from PowerCompute, Inc. (PWCM) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PWCM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PWCM filings page.
PowerCompute, Inc. reported continued losses from its Bitcoin mining and specialty finance operations for the quarter and six months ended June 30, 2026. Total assets were $37.1 million with stockholders’ equity of $15.5 million, down sharply from December 31, 2025 as Bitcoin prices and digital asset values declined.
For the six-month period, revenue was $4.2 million while the net loss attributable to the company widened to $14.7 million from $5.3 million a year earlier, driven largely by a $5.1 million loss on the fair value of Bitcoin, a $4.9 million loss on digital assets receivable, and higher mining-related costs. Operating cash outflow was $7.2 million.
The company had cash of $0.9 million and Bitcoin with fair value of $8.4 million on hand, much of it pledged as loan collateral, against total debt of about $19.6 million, including loans under the Galaxy Loan Facility and other lenders. Management concluded that these losses, negative working capital, and near-term debt maturities raise substantial doubt about the company’s ability to continue as a going concern. Subsequent actions included refinancing key loans, additional ATM equity sales, and the launch of an AI and high-performance computing infrastructure initiative leveraging 26 MW of power capacity.