PowerCompute expects 11.8% Bitcoin hashrate gain

With both installation phases online, PowerCompute expects 862 PH/s and estimates $1.2 million in annual incremental revenue capacity before curtailment and downtime.

Available on EDGAR 09/23/2026 - 08:30 AM EDT Accepted by SEC EDGAR 09/23/2026 - 08:30 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

PowerCompute, Inc. (PWCM) announced a Bitcoin-mining fleet refresh: 1,000 Bitmain Antminer S19 XP miners are expected at its Oklahoma facility by September 30, 2026, and 940 more, ordered September 22, 2026, are expected to be delivered and installed in October. The new units average 132 TH/s; the company says replacing 95 TH/s machines with these units provides nearly 39% more hashrate per machine. S19J Pro units rated at 100 TH/s or below will move from Oklahoma to Mississippi to replace S19 units averaging 95 TH/s.

After redeployment, PowerCompute expects approximately 822 PH/s, compared with 771 PH/s as of June 30, 2026. With the additional units online, it expects approximately 862 PH/s, a cumulative 11.8% increase over that baseline. The company estimates approximately $1.2 million in annual incremental revenue capacity before curtailment and downtime, using a hashprice of $40.00 per PH/s per day as of September 21, 2026. It has funded and expects to fund the approximately $400,000 cost from cash on hand and Bitcoin holdings.

PowerCompute held 323 Bitcoin as of August 31, 2026, valued at approximately $27.8 million using a Bitcoin price of approximately $86,000 as of September 21, 2026. It also cited up to 3 megawatts of energized capacity in Mississippi for expansion that would require additional infrastructure and capital.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Miners expected at Oklahoma facility: 1,000 miners Additional miners ordered: 940 miners Expected hashrate after redeployment: Approximately 822 PH/s +5 more

8 metrics

Miners expected at Oklahoma facility 1,000 miners Expected installation by September 30, 2026

Additional miners ordered 940 miners Ordered September 22, 2026; expected delivery and installation in October 2026

Expected hashrate after redeployment Approximately 822 PH/s Compared with 771 PH/s as of June 30, 2026

Expected hashrate with additional miners Approximately 862 PH/s Expected once the additional units are online; 11.8% cumulative increase over June 30, 2026

Estimated annual incremental revenue capacity Approximately $1.2 million per year Based on a hashprice of $40.00 per PH/s per day as of September 21, 2026; before curtailment and downtime

Total miner cost Approximately $400,000 For 1,000 units acquired in September and 940 units on order

Bitcoin holdings 323 Bitcoin Held as of August 31, 2026

Stated Bitcoin holdings value Approximately $27.8 million Based on a Bitcoin price of approximately $86,000 as of September 21, 2026

Key Terms

hashrate, hashprice, joules per terahash, energized capacity, +1 more

5 terms

hashrate technical

"expects total hashrate of approximately 862 petahash per second"

Hashrate is a measure of how quickly a computer network can process and verify transactions, often expressed as the number of calculations it can perform in a second. Think of it like the engine power of a car; the higher the hashrate, the more work the network can do in a given time. For investors, a higher hashrate generally indicates a more secure and robust network, which can influence confidence and the value of related digital assets.

hashprice financial

"based on a hashprice of $40.00 per PH/s per day"

Hashprice is a market metric that shows how much revenue a unit of cryptocurrency mining power (hashrate) is expected to earn over a set time, often expressed as BTC or USD per TH/s per day. Think of it like miles-per-gallon for a car: it tells miners and investors how efficiently mining hardware converts computing work into money, directly affecting miner profitability, equipment valuation, and investment returns.

joules per terahash technical

"approximately 21.5 joules per terahash for the new units"

Measure of energy required to perform one terahash (one trillion hash attempts) of cryptographic work, expressed in joules; a lower joules-per-terahash number indicates more energy-efficient mining equipment. Investors monitor it because it directly affects a miner’s electricity costs, profitability and environmental footprint—similar to miles per gallon for cars, better efficiency lowers running costs and can improve competitive and regulatory standing.

energized capacity technical

"up to 3 megawatts of additional energized capacity in Mississippi"

Energized capacity is the amount of electrical generation, storage, or transmission capacity that is physically connected and able to produce or carry power under normal operating conditions, usually expressed in megawatts (MW) or megawatt-hours (MWh). For investors it indicates how much usable power an asset can deliver or dispatch—like the number of lanes open on a highway determining traffic flow—so it affects potential revenue, contractual delivery ability, and reliability assessments.

curtailment technical

"before curtailment and downtime"

Curtailment is when a company or operation is forced to reduce or temporarily stop an expected activity—such as production, deliveries, services, or benefit payments—often because of limits like regulations, supply shortages, grid constraints, or cost controls. For investors it matters because curtailment usually lowers revenue, delays cash flow, and signals added operational or regulatory risk; think of it like turning down a faucet that was expected to supply steady cash, reducing the flow into the business.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What mining equipment is PWCM installing in September and October 2026?

PowerCompute expects to install 1,000 Bitmain Antminer S19 XP miners at its Oklahoma facility by September 30, 2026. It ordered 940 more on September 22 for expected delivery and installation in October to replace Mississippi S19 miners averaging 95 TH/s.

What hashrate does PWCM expect after the miner upgrades?

PowerCompute expects approximately 822 PH/s after redeployment, compared with 771 PH/s as of June 30, 2026. Once the additional miners are online, it expects approximately 862 PH/s, a cumulative 11.8% increase over that June baseline.

How much does PWCM estimate the miner refresh will cost, and how will it be funded?

The total cost for the 1,000 units acquired in September and 940 units on order is approximately $400,000. PowerCompute has funded and expects to fund the purchases from cash on hand and Bitcoin holdings.

What incremental revenue capacity does PWCM estimate from the new miners?

PowerCompute estimates approximately $1.2 million per year in incremental revenue capacity, based on a hashprice of $40.00 per PH/s per day as of September 21, 2026. The estimate is before curtailment and downtime.

How much Bitcoin did PWCM hold, and what was its stated value?

PowerCompute held 323 Bitcoin as of August 31, 2026. The company valued that balance at approximately $27.8 million using a Bitcoin price of approximately $86,000 as of September 21, 2026.

What machine-efficiency figures did PWCM report?

The new units average 132 TH/s, compared with 95 TH/s for the S19 units they ultimately replace, which the company describes as nearly 39% more hashrate per machine. The new units use approximately 21.5 joules per terahash versus approximately 34 for the retired units.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false000164038400016403842026-09-232026-09-23

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): September 23, 2026

POWERCOMPUTE, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-37605	47-3844457
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
1200 West Platt Street Suite 100
Tampa, Florida				33606
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 813 222-8996

(Former Name or Former Address, if Changed Since Last Report)

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:

☐		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐		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:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock par value $0.001 per share		PWCM		The Nasdaq Stock Market LLC

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 7.01 Regulation FD Disclosure

On September 23, 2026, the Company issued a press release relating to the Company’s update of its Bitcoin mining operations. A copy of the press release is filed herewith as Exhibit 99.1 and is incorporated by reference.

The disclosure in this Item 7.01, 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

Exhibit		Description
99.1		Press Release dated September 23, 2026
104		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.

			PowerCompute, Inc.
Date:	September 23, 2026	By:	/s/ Richard Russell
			Richard Russell, Chief Financial Officer

PowerCompute Miner Refresh Expected to Deliver Nearly 39% More Hashrate Per Machine Replaced

August 2026 BTC Balance of 323 Bitcoin Valued at $27.8 Million

1,000 new Bitmain XP miners to be installed September 2026 and 940 additional miners ordered for October with existing cash reserves

TAMPA, FL, September 23, 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 progress on its fleet efficiency upgrade program.

Oklahoma Upgrade Completed. The Company anticipates it will install 1,000 additional Bitmain Antminer S19 XP miners at its Oklahoma facility by September 30, 2026. The units to be installed are averaging 132 terahash per second (TH/s). The new miners will replace S19J Pro units rated at 100 TH/s or below. The Company is moving those existing S19J Pro units to its Mississippi facility, where they will replace S19 units averaging 95 TH/s. Once that redeployment is complete, the Company expects a total hashrate of approximately 822 petahash per second (PH/s), up approximately 6.6% from 771 PH/s as of June 30, 2026.

Additional Order. On September 22, 2026, the Company ordered 940 additional S19 XP miners to replace S19 units averaging 95 TH/s located in Mississippi. The Company expects delivery and installation in October 2026. Assuming these units perform in line with those already installed, the Company expects total hashrate of approximately 862 PH/s once they are online, a cumulative increase of approximately 11.8% over June 30, 2026.

More Hashrate on the Same Power. Each new unit ultimately relaces a machine producing 95 TH/s with a machine averaging 132 TH/s, an increase of nearly 39% per machine. The new units draw comparable power to the machines they replace and are more efficient, at approximately 21.5 joules per terahash for the new units compared with approximately 34 for the retired units. The Company's power infrastructure and power cost on a per-unit basis is not expected to change, so the added hashrate translates directly into more Bitcoin mined and more revenue from the same amount of electricity. Across the 1,000 units to be installed in September and the 940 on order, the Company estimates incremental revenue capacity of approximately $1.2 million per year from the new machines to be installed based on a hashprice of $40.00 per PH/s per day as of September 21, 2026, before curtailment and downtime.

Funding.The Company's total cost for the 1,000 units acquired in September and the 940 units on order is approximately $400,000. The Company has funded and expects to fund these purchases from cash on hand and its Bitcoin holdings.

What Comes Next. Beyond the refresh, the Company has up to 3 megawatts of additional energized capacity in Mississippi available for expansion, which would require additional infrastructure and capital.

"We anticipate that every machine we replace will give us nearly 39% more hashrate on the same power," said Bruce M. Rodgers, Chairman, Chief Executive Officer and President of PowerCompute. "That means more Bitcoin and more revenue from electricity we already own, and we are paying for it from our own resources. We also have up to 3 megawatts of energized capacity in Mississippi to expand into either AI or BTC mining."

Bitcoin Treasury. As of August 31, 2026, the Company held 323 Bitcoin, valued at approximately $27.8 million based on a Bitcoin price of approximately $86,000 as of September 21, 2026.

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, the timely delivery, installation and energization of newly ordered mining equipment and our ability to realize anticipated increases in hashrate, 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

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 16.2 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 26.6 KB