PowerCompute (PWCM) taps Bitcoin to refinance company debt
Rhea-AI Filing Summary
PowerCompute, Inc. (PWCM) reported a preliminary Bitcoin mining and operational update for July 2026. The company mined 7.9 BTC, sold 11.1 BTC, and ended July 31, 2026 with a Bitcoin treasury of 315.1 BTC valued at approximately $20.2 million, based on a Bitcoin price of about $64,000. Bitcoin holdings value subsequently increased to about $21.5 million as of August 19, 2026, using a Bitcoin price of $68,200.
PowerCompute generated about $91,000 in curtailment and energy sales revenue in July, reflecting heat-related curtailment at its Oklahoma and Mississippi sites. After month-end, the company refinanced and consolidated approximately $18 million of debt into a single facility with Arch Lending secured by Bitcoin collateral. PowerCompute operates 26 megawatts of wholly owned power infrastructure for Bitcoin mining and is expanding into high-performance computing and AI infrastructure while also running a technology-enabled specialty finance business.
Positive
- None.
Negative
- None.
Filing Explained
The company’s preliminary, unaudited July update reports 315.1 BTC at July 31, including 307 BTC held for the loan facility; its August refinancing uses Bitcoin from the treasury as collateral, allowing the company to service that debt without selling those holdings.
8-K Event Classification
Key Figures
Key Terms
curtailment financial
Bitcoin HODL financial
high-performance computing technical
Arch Lending financial
specialty finance business financial
Earnings Snapshot
FAQ
What were PowerCompute (PWCM)'s Bitcoin production and sales for July 2026?
How large is PowerCompute (PWCM)'s Bitcoin treasury as of July 31, 2026?
What additional revenue did PowerCompute (PWCM) earn from energy curtailment in July 2026?
How did the value of PowerCompute (PWCM)'s Bitcoin holdings change by August 19, 2026?
What debt transaction involving Bitcoin collateral did PowerCompute (PWCM) complete after July 2026?
What infrastructure and business lines does PowerCompute (PWCM) currently operate?
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
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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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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 August 20, 2026, the Company issued a press release providing Bitcoin production and mining update for the one month ended July 31, 2026. The information contained in the press release is incorporated herein by reference and furnished as Exhibit 99.1.
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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99.1 |
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Press Release dated August 20, 2026 |
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Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL) |
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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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August 20, 2026 |
By: |
/s/ Richard Russell |
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Richard Russell, Chief Financial Officer |
PowerCompute Announces July 2026 Production and Operational Update
Bitcoin treasury as of July 31, 2026 was 315.1 BTC valued at $20.2 million
Captured $91,000 in curtailment and energy sales revenue during the month
TAMPA, FL, August 20, 2026 — PowerCompute, Inc. (NASDAQ: PWCM) (“PowerCompute” or the “Company”), a Bitcoin treasury and mining company expanding into high-performance computing (“HPC”) and artificial intelligence (“AI”) infrastructure, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended July 31, 2026.
Metric |
July 2025 |
June 2026 |
July 2026 |
- Bitcoin1 |
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- Mined, net |
5.9 |
8.7 |
7.9 |
- Sold |
11.0 |
13.1 |
11.1 |
- Purchased |
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- Service Fee |
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- Bitcoin HODL |
150.4 |
318.3 |
315.12 |
"July production of 7.9 Bitcoin reflected seasonal heat-related curtailment at our Oklahoma and Mississippi sites, which is typical for this time of year," said Bruce M. Rodgers, Chairman, Chief Executive Officer and President of PowerCompute. "That same curtailment generated approximately $91,000 of energy sales revenue during the month, and the ability to monetize our power when it is most valuable to the grid is precisely the flexibility that owning our infrastructure gives us.
Rodgers concluded, "We reduced Bitcoin sales month over month while maintaining treasury holdings above 315 Bitcoin. Our focus now is on converting owned, low-cost, energized power into higher-value compute, and we look forward to updating shareholders as that work progresses."
The Company estimates that the value of its 315.1 Bitcoin holdings on July 31, 2026, was approximately $20.2 million, based on a Bitcoin price of approximately $64,000 as of July 31, 2026. This total Bitcoin value has subsequently increased as of August 19, 2026, to approximately $21.5 million based on Bitcoin price of $68,200 as of that date.
The Company periodically sells Bitcoin from its treasury to fund operations and strategic initiatives. Proceeds from Bitcoin sales are reported as cash flows from investing activities in the Company's consolidated financial statements. Subsequent to the end of the month, in August,
1Unaudited
2Includes 307 BTC held for loan facility
the Company refinanced and consolidated approximately $18 million of debt into a single facility with Arch Lending secured by Bitcoin from its treasury, which allows the Company to use its Bitcoin as collateral rather than sell holdings to service that debt.
About PowerCompute
PowerCompute, Inc. (Nasdaq: PWCM) is a Bitcoin treasury and mining company expanding into high-performance computing and artificial intelligence infrastructure. Founded in 2008 and headquartered in Tampa, Florida, the Company operates 26 megawatts of wholly-owned power infrastructure across facilities in Oklahoma and Mississippi. The Company also operates a technology-enabled specialty finance business providing funding to nonprofit community associations primarily in the State of 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 volatility of Bitcoin and other cryptocurrency prices, risks related to the use of Bitcoin as collateral for the Arch Facility, including the requirement to post additional collateral if the value of Bitcoin declines, our ability to satisfy the terms and conditions of the Arch Facility or to extend such loans on satisfactory terms, our ability to successfully enter and operate in the high-performance computing and AI infrastructure business, the availability and cost of GPU and related infrastructure equipment, competition in the HPC and AI compute market, our ability to finance our site acquisitions and cryptocurrency mining operations, the risks of operating in the cryptocurrency mining business and our ability to grow that business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, and our ability to identify and acquire additional mining sites. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.
Investor and Media Contact
KCSA Strategic Communications
Philip Carlson
pwcm@kcsa.com
212-896-1233