PowerCompute Q3 2026 revenue falls to $1.9M
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 Filing Summary
PowerCompute, Inc. (PWCM) reported Q3 2026 revenue of $1.9 million, down from $2.2 million a year earlier, while Bitcoin production rose 35.8% to 23.9 Bitcoin. Revenue fell as the average value of each Bitcoin mined declined 37.5%. Mining margin was 50.7%, versus 29.0% in Q2 and 49.0% a year earlier; operating costs were $2.8 million versus $5.7 million, and operating loss was $0.9 million versus $3.5 million.
Net income attributable to common shareholders was $373,728, compared with a $4.1 million loss; results included a $6.7 million fair-value gain on Digital Assets Receivable and a $4.4 million loss on the related loan derivative. Core EBITDA was $2.34 million versus a $1.41 million loss. PowerCompute repaid and terminated its Bitcoin-backed credit facility on September 24, 2026, reducing secured debt from approximately $19.4 million at June 30, 2026 to $1.25 million, with no Bitcoin pledged.
In November 2026, PowerCompute paid approximately $1.0 million cash for 600 miners expected to be deployed by mid-December, adding 80 to 85 PH/s, or about 10%, to active hashrate. Liquidity was approximately $6.0 million at September 30, 2026. The company also cited substantial doubt about its ability to continue as a going concern, as described in its Q3 2026 report.
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 pointCore EBITDA was $2.34 million, versus a $1.41 million loss.
- Moderate pointCommon-shareholder net income was $373,728, versus a $4.1 million loss.
Negative
- Major pointSubstantial doubt about going concern was cited in the Q3 2026 report.
- Moderate pointQ3 revenue was $1.9 million, down from $2.2 million a year earlier.
- Moderate pointOperating cash used was $9.9 million for nine months, versus $8.8 million.
Filing Explained
Shares outstanding rose from 564,940 on December 31, 2025, to 2,535,061 on September 30, 2026, reducing existing holders’ percentage ownership absent offsets.
This 8-K furnishes PowerCompute’s Q3 2026 results; at
The company received
Operating activities used
The remaining
8-K Event Classification
Key Figures
Key Terms
mining margin financial
Core EBITDA financial
Digital Assets Receivable financial
loan derivative financial
curtailment technical
active hashrate technical
Earnings Snapshot
The 600 miners purchased in November 2026 are expected to be deployed by mid-December 2026 and add approximately 80 to 85 PH/s, or about 10%, to active hashrate.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Why did PWCM's revenue fall despite mining more Bitcoin?
How much hashrate are PWCM's 600 new miners expected to add?
What secured debt remains for PWCM, and when does it mature?
What did PWCM report about liquidity and going-concern risk?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On November 13, 2026, LM Funding America, Inc. (the “Company”) issued a press release announcing its financial results for the Three and Nine Months ended September 30, 2026.
The information furnished in this Item 2.02, including Exhibit 99.1, is not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under that Section. This information will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Company specifically incorporates it by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Description |
99.1 |
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Press Release dated November 13, 2026 |
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Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL) |
***
This Current Report on Form 8-K may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainty. Words such as “anticipate,” “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. Such statements are based on the Company’s current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Investors are cautioned that there can be no assurance actual results or business conditions will not differ materially from those projected or suggested in such forward-looking statements as a result of various risks and uncertainties. Investors should refer to the risks detailed from time to time in the reports the Company files with the SEC, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as well as other filings on Form 10-Q and periodic filings on Form 8-K, for additional factors that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by law.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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PowerCompute, Inc. |
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Date: |
November 13, 2026 |
By: |
/s/ Richard Russell |
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Richard Russell, Chief Financial Officer |
PowerCompute (Nasdaq: PWCM) Reports Third Quarter 2026 Results: Bitcoin Production Up 36%; Buys 600 S21++ Miners Expected to Add About 10% to Hashrate
Secured debt reduced 94% and annual secured interest cut to approximately $138,000, with no Bitcoin pledged; mining margin improved to 50.7% from 29.0% in Q2 2026
Net income of $0.4 million, or $0.20 per share, on fair value gains as Bitcoin rose approximately 43% during the quarter
TAMPA, Fla., November 13, 2026 - PowerCompute, Inc. (Nasdaq: PWCM) (“PowerCompute” or the “Company”), formerly LM Funding America, Inc., a Bitcoin mining and power-infrastructure company, today reported results for the three and nine months ended September 30, 2026. The Company mined 23.9 Bitcoin in the third quarter of 2026 (“Q3 2026”), up 35.8% compared against the third quarter of 2025 (“Q3 2025”), and mining margin improved to 50.7% compared against 29.0% in the second quarter of 2026 (“Q2 2026”). Because the average value of each Bitcoin mined was 37.5% lower than in Q3 2025, revenue was $1.9 million, compared with $2.2 million in Q3 2025.
On September 24, 2026, the Company repaid and terminated its Bitcoin-backed credit facility, reducing secured debt from approximately $19.4 million at June 30, 2026 to $1.25 million, with no Bitcoin pledged. In November 2026, the Company paid approximately $1.0 million in cash for 600 Bitmain Antminer S21++ miners which is anticipated to be in service by mid-December 2026. The Company anticipates this purchase to increase its active Bitcoin mining hashrate by approximately 80 to 85 PH/s, or about 10%.
Q3’26 Financial Results
Q3’26 and Recent Operational Highlights
Management Commentary
“We own 26 megawatts of interconnected power, and our job is to earn the best return we can on every one of them,” said Bruce M. Rodgers, Chairman, Chief Executive Officer and President of PowerCompute. “This quarter we repaid our Bitcoin-backed debt, and we now use Bitcoin as working capital rather than collateral. This month we paid cash for 600 new miners that go into slots we already have and should add about 10% to our hashrate by mid-December. We keep replacing older machines with ones that produce more hashrate on the same power, and this summer we sold power back to the grid when that paid more than mining with it. Our GPU work in Oklahoma is early, but it is teaching us what it takes to run HPC on power we already own.”
“Revenue fell because each Bitcoin we mined was worth less on average, not because we mined less,” said Richard Russell, Chief Financial Officer of PowerCompute. “This quarter’s net income primarily came from lower operating costs and fair value gains as Bitcoin rose, on Bitcoin held as working capital and Bitcoin held under the settled Arch facility. What continues is the lower cost of debt: interest on our remaining secured debt now runs about $138,000 a year, and that note matures December 31, 2027.”
Investor Conference Call
PowerCompute will host a conference call today, Friday, November 13, 2026 at 8:30 AM EST, to discuss these results. A question-and-answer session will follow management's presentation.
Conference Call Details:
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 and the minimum Market Value of Listed Securities requirement if the stayed rule retakes effect; 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; the Company’s liquidity and the substantial doubt about its ability to continue as a going concern described in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026; the Company’s ability to obtain additional financing on acceptable terms and the dilution that any equity financing may cause; 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
Non-GAAP Financial Measures
Our reported results are presented in accordance with U.S. generally accepted accounting principles (“GAAP”). We also disclose Earnings before Interest, Tax, Depreciation and Amortization (“EBITDA”) and Core Earnings before Interest, Tax, Depreciation and Amortization (“Core EBITDA”), which adjusts for unrealized loss (gain) on investment and equity securities, loss (gain) on disposal of mining equipment, loss on impairment of prepaid mining machine deposits, and stock compensation expense and option expense, all of which are non-GAAP financial measures. We believe these non-GAAP financial measures are useful to investors because they are widely accepted industry measures used by analysts and investors to compare the operating performance of Bitcoin miners. Non-GAAP measures should not be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation of net income (loss), the most directly comparable GAAP measure, to EBITDA and Core EBITDA is included in the tables below.
PowerCompute, Inc. and Subsidiaries Consolidated Statements of Operations (unaudited)
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Three Months ended September 30, |
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Nine Months ended September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
Revenues: |
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Digital mining revenues |
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$ 1,705,572 |
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$ 2,010,404 |
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$ 5,691,972 |
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$ 6,090,708 |
Specialty finance revenue |
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94,825 |
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141,634 |
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290,253 |
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303,968 |
Rental revenue |
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88,375 |
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26,265 |
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132,098 |
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83,288 |
Total revenues |
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1,888,772 |
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2,178,303 |
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6,114,323 |
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6,477,964 |
Operating costs and expenses: |
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Digital mining cost of revenues (exclusive of depreciation and amortization shown below) |
1,144,403 |
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1,177,184 |
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4,584,020 |
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4,013,878 |
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Curtailment and energy sales |
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(304,301) |
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(151,887) |
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(816,967) |
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(524,842) |
Staff costs and payroll |
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1,022,566 |
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2,537,105 |
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3,453,665 |
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4,675,209 |
Depreciation and amortization |
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777,661 |
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1,972,133 |
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2,447,631 |
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6,049,054 |
Loss (gain) on fair value of Bitcoin, net |
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(1,045,781) |
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(1,032,374) |
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4,057,244 |
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(2,983,537) |
Professional fees |
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525,295 |
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443,335 |
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1,321,378 |
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1,116,649 |
Selling, general and administrative |
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331,880 |
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448,487 |
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1,053,625 |
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1,133,871 |
Real estate management and disposal |
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30,869 |
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14,687 |
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64,252 |
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73,421 |
Collection costs |
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9,301 |
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1,702 |
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34,485 |
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27,643 |
Settlement costs with associations |
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- |
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- |
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- |
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3,693 |
Loss (gain) on disposal of assets |
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- |
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- |
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(2,739) |
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286,359 |
Other operating costs |
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307,760 |
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284,929 |
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1,115,978 |
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799,889 |
Total operating costs and expenses |
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2,799,653 |
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5,695,301 |
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17,312,572 |
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14,671,287 |
Operating loss |
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(910,881) |
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(3,516,998) |
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(11,198,249) |
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(8,193,323) |
Unrealized gain (loss) on marketable securities |
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8,020 |
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10,400 |
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13,750 |
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(3,420) |
Unrealized gain (loss) on investment and equity securities |
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2,794 |
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16,422 |
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15,707 |
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(140,452) |
Impairment loss on prepaid mining machine deposit |
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- |
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- |
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(17,193) |
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- |
Loss on loan derivative |
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(4,382,238) |
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- |
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(2,690,205) |
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- |
Loss on fair value of purchased Bitcoin, net |
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- |
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- |
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- |
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(52,704) |
Gain on fair value of digital assets receivable |
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6,681,408 |
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- |
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1,802,195 |
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- |
Change in credit loss reserve on digital assets receivable |
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- |
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- |
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9,187 |
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- |
Interest expense |
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(1,011,929) |
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(235,282) |
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(2,244,187) |
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(683,734) |
Interest income |
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555 |
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916 |
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15,619 |
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2,592 |
Income (loss) before income taxes |
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387,729 |
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(3,724,542) |
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(14,293,376) |
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(9,071,041) |
Income tax expense |
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- |
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- |
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- |
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- |
Net income (loss) |
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$ 387,729 |
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$ (3,724,542) |
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$ (14,293,376) |
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$ (9,071,041) |
Less: loss (gain) attributable to non-controlling interest |
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(805) |
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(4,903) |
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(3,224) |
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43,476 |
Net income (loss) attributable to PowerCompute, Inc. |
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$ 386,924 |
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$ (3,729,445) |
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$ (14,296,600) |
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$ (9,027,565) |
Less: deemed dividends (Note 6) |
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(13,196) |
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(347,782) |
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(53,219) |
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(347,782) |
Net income (loss) attributable to common shareholders |
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$ 373,728 |
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$ (4,077,227) |
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$ (14,349,819) |
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$ (9,375,347) |
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Basic income (loss) per common share (Note 1) |
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$ 0.20 |
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$ (10.21) |
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$ (11.98) |
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$ (34.63) |
Diluted income (loss) per common share (Note 1) |
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$ 0.20 |
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$ (10.21) |
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$ (11.98) |
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$ (34.63) |
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Weighted average number of common shares outstanding |
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Basic |
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1,848,219 |
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399,457 |
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1,197,461 |
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270,754 |
Diluted |
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1,861,381 |
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399,457 |
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1,197,461 |
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270,754 |
PowerCompute, Inc. and Subsidiaries Consolidated Balance Sheets
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September 30, |
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December 31, |
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2026 (unaudited) |
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2025 |
Assets |
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Cash |
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$ 652,628 |
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$ 1,424,426 |
Marketable securities |
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51,130 |
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37,380 |
Prepaid expenses and other assets |
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1,062,607 |
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1,198,486 |
Finance receivables |
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- |
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17,533 |
Digital assets - current (Note 2) |
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5,349,553 |
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2,563,474 |
Digital assets - collateral (Note 2) |
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- |
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5,500,000 |
Digital assets receivable, net (Note 2) |
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- |
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12,678,014 |
Galaxy loan derivative asset (Note 4) |
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- |
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47,673 |
Due from related parties (Note 7) |
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5,504 |
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- |
Income tax receivable |
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- |
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31,187 |
Current assets |
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7,121,422 |
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23,498,173 |
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Fixed assets, net (Note 3) |
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8,105,600 |
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9,917,350 |
Intangible assets, net (Note 3) |
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6,130,406 |
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6,327,769 |
Deposits on mining equipment |
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192,998 |
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1,597 |
Investment in Seastar Medical Holding Corporation |
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40,780 |
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25,073 |
Digital assets - long-term (Note 2) |
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- |
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8,233,035 |
Digital assets - collateral (Note 2) |
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- |
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2,200,000 |
Right of use assets (Note 5) |
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576,360 |
|
728,995 |
Other assets |
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326,543 |
|
384,234 |
Long-term assets |
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15,372,687 |
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27,818,053 |
Total assets |
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$ 22,494,109 |
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$ 51,316,226 |
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Liabilities and stockholders’ equity |
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Accounts payable and accrued expenses |
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1,579,477 |
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1,745,875 |
Note payable - short-term (Note 4) |
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212,027 |
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7,006,912 |
Master digital currency loan (Note 4) |
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- |
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10,920,838 |
Due to related parties (Note 7) |
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- |
|
48,319 |
Current portion of lease liability (Note 5) |
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297,638 |
|
194,618 |
Total current liabilities |
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2,089,142 |
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19,916,562 |
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Note payable - long-term (Note 4) |
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1,250,000 |
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1,932,502 |
Lease liability - net of current portion (Note 5) |
|
326,785 |
|
590,368 |
Long-term liabilities |
|
1,576,785 |
|
2,522,870 |
Total liabilities |
|
3,665,927 |
|
22,439,432 |
Stockholders’ equity (Note 6) |
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Preferred stock, par value $.001; 150,000,000 shares authorized; no shares issued and outstanding as of September 30, 2026 and December 31, 2025 |
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- |
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- |
Common stock, par value $.001; 350,000,000 shares authorized; 2,535,061 and 564,940 shares issued and outstanding as of September 30, 2026 and December 31, 2025 |
|
2,535 |
|
565 |
Additional paid-in capital |
|
127,442,742 |
|
123,199,948 |
Accumulated deficit |
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(106,879,528) |
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(92,582,928) |
Total PowerCompute stockholders’ equity |
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20,565,749 |
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30,617,585 |
Non-controlling interest |
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(1,737,567) |
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(1,740,791) |
Total stockholders’ equity |
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18,828,182 |
|
28,876,794 |
Total liabilities and stockholders’ equity |
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$ 22,494,109 |
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$ 51,316,226 |
PowerCompute, Inc. and Subsidiaries Consolidated Statements of Cash Flows
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Nine Months ended September 30, |
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2026 |
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2025 |
CASH FLOWS FROM OPERATING ACTIVITIES: |
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Net loss |
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$ (14,293,376) |
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$ (9,071,041) |
Adjustments to reconcile net loss to net cash used in operating activities |
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Depreciation and amortization |
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2,447,631 |
|
6,049,054 |
Noncash lease expense |
|
173,352 |
|
152,723 |
Amortization of debt issue costs and debt discount |
|
1,899,325 |
|
66,994 |
Stock option expense |
|
695,453 |
|
259,384 |
Accrued interest expense on finance lease |
|
32,051 |
|
42,875 |
Loss (gain) on fair value of Bitcoin, net |
|
4,057,244 |
|
(2,930,833) |
Gain on fair value of digital assets receivable |
|
(1,802,195) |
|
- |
Impairment loss on mining machine deposit |
|
17,193 |
|
- |
Unrealized loss (gain) on marketable securities |
|
(13,750) |
|
3,420 |
Loss on loan derivative |
|
2,170,605 |
|
- |
Change in credit loss reserve on digital assets receivable |
|
(9,187) |
|
- |
Unrealized loss (gain) on investment and equity securities |
|
(15,707) |
|
140,452 |
Loss (gain) on disposal of fixed assets |
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(2,739) |
|
286,359 |
Interest settled through sale of collateral Bitcoin |
|
118,583 |
|
- |
Interest capitalized into loan principal |
|
58,287 |
|
- |
Write-off of income tax receivable |
|
31,187 |
|
- |
Change in operating assets and liabilities: |
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|
|
|
Prepaid expenses and other assets |
|
596,753 |
|
391,857 |
Due to related party |
|
(53,823) |
|
43,393 |
Accounts payable and accrued expenses |
|
(114,562) |
|
2,081,605 |
Mining of digital assets |
|
(5,691,972) |
|
(6,090,708) |
Lease liability payments |
|
(213,331) |
|
(194,322) |
Net cash used in operating activities |
|
(9,912,978) |
|
(8,768,788) |
CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
|
|
Net collections (investment) of finance receivables - original product |
|
11,604 |
|
(3,145) |
Net collections (investment) in finance receivables - special product |
|
5,929 |
|
(3,952) |
Capital expenditures |
|
(641,371) |
|
(635,691) |
Acquisition of hosting site |
|
- |
|
(4,230,368) |
Collection of note receivable |
|
- |
|
200,000 |
Proceeds from sale of fixed assets |
|
14,191 |
|
953,153 |
Investment in digital assets |
|
|
|
(18,673,167) |
Investment in digital assets - Tether |
|
(5,297) |
|
(29,572) |
Proceeds from sale of Bitcoin |
|
7,279,498 |
|
6,984,091 |
Proceeds from the sale of Tether |
|
3,173 |
|
29,460 |
Change in deposits for mining equipment |
|
- |
|
(1,004,326) |
Distribution to members |
|
- |
|
(1,015) |
Net cash provided by (used in) investing activities |
|
6,667,727 |
|
(16,414,532) |
CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
|
|
Proceeds from borrowings, net of issuance costs |
|
- |
|
1,240,195 |
Settlement of Galaxy loan collar derivative |
|
(61,000) |
|
- |
Insurance financing repayments |
|
(626,604) |
|
(588,123) |
Debt repayments |
|
(250,000) |
|
- |
Proceeds from warrant exercise, net of issuance costs |
|
5,471 |
|
95,999 |
Proceeds from the issuance of common stock, net of issuance costs |
|
3,405,586 |
|
21,348,668 |
Issuance costs |
|
- |
|
- |
Net cash provided by financing activities |
|
2,473,453 |
|
22,096,739 |
NET DECREASE IN CASH |
|
(771,798) |
|
(3,086,581) |
CASH - BEGINNING OF PERIOD |
|
1,424,426 |
|
3,378,152 |
CASH - END OF PERIOD |
|
$ 652,628 |
|
$ 291,571 |
|
|
|
|
|
PowerCompute, Inc. Non-GAAP Financials
|
|
Three Months ended September 30, |
|
|
Nine Months ended September 30, |
||||
|
|
2026 |
|
2025 |
|
|
2026 |
|
2025 |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
$ 387,729 |
|
$ (3,724,542) |
|
|
$(14,293,376) |
|
$(9,071,041) |
Income tax expense |
|
- |
|
- |
|
|
- |
|
- |
Interest expense |
|
1,011,929 |
|
235,282 |
|
|
2,244,187 |
|
683,734 |
Depreciation and amortization |
|
777,661 |
|
1,972,133 |
|
|
2,447,631 |
|
6,049,054 |
Income (loss) before interest, taxes & depreciation |
|
$ 2,177,319 |
|
$ (1,517,127) |
|
|
$ (9,601,558) |
|
$(2,338,253) |
Unrealized loss (gain) on investment and equity securities |
|
(2,794) |
|
(16,422) |
|
|
(15,707) |
|
140,452 |
Impairment loss on prepaid mining machine deposits |
|
- |
|
- |
|
|
17,193 |
|
- |
Loss (gain) on disposal of mining equipment |
|
- |
|
- |
|
|
(2,739) |
|
286,359 |
Stock compensation and option expense |
|
165,005 |
|
123,958 |
|
|
695,453 |
|
259,384 |
Core income (loss) before interest, taxes & depreciation |
|
$ 2,339,530 |
|
$ (1,409,591) |
|
|
$ (8,907,358) |
|
$(1,652,058) |