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PowerCompute, Inc. 8-K Filings

PWCM NASDAQ

Every 8-K that PowerCompute, Inc. (PWCM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly 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.

Rhea-AI Summary

PowerCompute, Inc. (PWCM) reported preliminary Bitcoin mining and operational metrics for August 2026, including holding 323 Bitcoin valued at approximately $25.2 million as of August 31, 2026. Of these, 307 Bitcoin are pledged as collateral under its Arch credit facility, with approximately $21.9 million outstanding on that facility.

The company mined 7.9 Bitcoin in August, consistent with July 2026 production, as seasonal heat-driven curtailment at its Oklahoma and Mississippi sites continued. That curtailment generated approximately $132,000 in energy sales during August and about $223,000 over the past two months. Bitcoin holdings labeled as “HODL” increased from 315.1 BTC in July 2026 to 323.0 BTC in August 2026. PowerCompute reported 2,421,472 shares of common stock outstanding as of August 31, 2026.

The company is refreshing its mining fleet, having ordered approximately 1,000 new miners to replace older S19j Pro units rated at 100 TH/s or below. Once energized, expected by September 30, 2026, management estimates active hash rate could rise about 7%, from a reported 771 PH/s as of June 30, 2026 to a forecasted 825 PH/s, on newer and more efficient hardware.

Rhea-AI Summary

POWERCOMPUTE, INC. (PWCM) entered into a new non-recourse, 30-day collared loan facility through its wholly owned subsidiary US Digital Mining and Hosting Co, LLC with ChainFi Inc. d/b/a Arch Lending. The facility is secured by 307 Bitcoin and structured as a "Collar Loan" with floor, ceiling, and barrier prices.

On August 25, 2026, the subsidiary borrowed $21,892,131.88 at an interest rate of 6.5% per annum. About $18.1 million was used to pay off a previously disclosed August 3, 2026 Arch loan, and $3.765 million funded the collar feature of that earlier loan. The initial 30-day period uses a $71,112 floor price per Bitcoin, a $75,000 ceiling price, and a $93,500 barrier price. The Collar Loan automatically rolls over for successive 30-day periods unless notice of non-renewal is given, with key pricing terms reset based on then-prevailing market conditions.

Rhea-AI 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.

Rhea-AI Summary

PowerCompute, Inc. reported Q2 2026 total revenue of $2.1 million, up 9.8% year-over-year and roughly flat sequentially, driven mainly by higher Bitcoin production. The company mined 27.9 Bitcoin at an average value of about $72,000, versus 18.4 Bitcoin a year earlier, but lower Bitcoin prices compressed economics.

Mining margin declined to 29.0% from 41.0% in Q2 2025, and fair value adjustments on digital assets and receivables produced losses of about $3.0 million in Q2 2026 versus a $3.8 million gain a year ago. Net loss was $4.6 million for the quarter and Core EBITDA loss was $2.8 million. As of June 30, 2026, cash was $0.9 million and Bitcoin holdings totaled 318.6 BTC, valued at approximately $18.6 million. After quarter-end, the company refinanced $18 million of debt into a new Arch Lending facility at about 2% APR, secured by 307 BTC, replacing prior loans at 12%. The company also rebranded to PowerCompute and initiated a proof-of-concept in high-performance computing and AI infrastructure using its 26 MW of owned power capacity.

Rhea-AI Summary

PowerCompute, Inc. entered into a new Bitcoin-backed loan facility with ChainFi Inc. d/b/a Arch Lending through its subsidiary US Digital Mining and Hosting Co, LLC. The company borrowed $18,127,131.88 in an initial 30‑day non-recourse, collared “Collar Loan” secured by 307 Bitcoin, bearing interest at 2.0% per annum, and used the proceeds to repay previously disclosed bridge loans and earlier facilities totaling about $18 million.

The loan automatically rolls every 30 days unless either party gives non-renewal notice; at each rollover, the interest rate and Bitcoin price collar reset based on market conditions. At maturity, if the Bitcoin reference price is below the floor, the borrower may walk away, repay and recover collateral, or roll the loan by curing the shortfall. The filing amends an earlier report to correct the stated aggregate amount borrowed from “$18,127.88” to $18,127,131.88.