PowerCompute repays approximately $22.5M Arch loan
Repayment left $1.25 million in total secured debt and released all Bitcoin pledged under the Arch facility.
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 preliminary, unaudited Bitcoin mining and operating results for September 2026 and completed repayment of its Bitcoin-backed Arch facility. The company applied 267.4 Bitcoin to repay approximately $22.45 million of principal and accrued interest, repaying the facility in full. Total secured debt declined from $23.70 million to $1.25 million, and all Bitcoin pledged under the facility was released.
PowerCompute mined approximately 8.1 BTC in September, up 37% from 5.9 BTC in September 2025 and 2.7% from 7.9 BTC in August 2026. Energy sales generated approximately $89,000 during September and approximately $312,000 for the three months ended September 30, 2026, during seasonal heat-related curtailment at Oklahoma and Mississippi sites. Bitcoin holdings were 63.7 BTC at September 30, 2026, valued at approximately $5.3 million using a Bitcoin price of approximately $83,900, or approximately $2.11 per share of common stock outstanding.
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 pointTotal secured debt declined from $23.70 million to $1.25 million after repayment.
Negative
- None.
Filing Explained
The September operating release is furnished, not filed for Exchange Act Section 18 purposes, and will not be incorporated into another SEC filing unless PowerCompute specifically does so.
8-K Event Classification
Key Figures
Key Terms
Bitcoin-backed credit facility financial
curtailment technical
high-performance computing technical
hash rate technical
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much Bitcoin did PWCM mine in September 2026?
How much Bitcoin did PWCM use to repay its Arch facility?
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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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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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 October 8, 2026, the Company issued a press release providing Bitcoin production and mining update for the one month ended September 30, 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.
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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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October 8, 2026 |
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Richard Russell, Chief Financial Officer |
September 2026 Bitcoin Production and Operational Update
Mined 8.1 Bitcoin in September, up 37% year-over-year and up 2.7% from August 2026
Generated approximately $89,000 from energy sales in September and approximately $312,000 for the three months ended September 30, 2026
Completed previously announced repayment of $22.45 million Bitcoin-backed facility with 267.4 Bitcoin, releasing all pledged Bitcoin collateral
TAMPA, FL, October 8, 2026 - 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 $22.45 million of principal and accrued interest under its Arch credit facility, repaying the facility in full and reducing total secured debt from $23.70 million to $1.25 million. As a result, Bitcoin held decreased to 63.7 BTC at September 30, 2026 from 323.02 BTC at August 31, 2026. All Bitcoin previously pledged as collateral under the Arch facility was released.
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5.9 |
7.9 |
8.1 |
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- Bitcoin applied to debt repayment |
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- Service fee |
(0.01) |
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Bitcoin ending balance |
304.5 |
323.022 |
63.7 |
September 2026 Highlights
“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
1 Unaudited
2 Includes 307 BTC held for Arch loan facility
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 $312,000. We intend to direct each megawatt to the use we believe offers the best risk-adjusted return, whether that is Bitcoin mining, energy sales or, as we develop it, HPC and AI computing.”
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