PowerCompute reports September 2026 Bitcoin output and fully repays $22.45 M Bitcoin‑backed loan
PowerCompute mined 8.1 BTC in September 2026, a 37 % year‑over‑year increase and 2.7 % above the prior month. The company used 267.4 BTC to retire the $22.45 million principal and accrued interest on its Arch credit facility, cutting secured debt from $23.70 million to $1.25 million. Energy sales generated about $89,000 in September, bringing three‑month sales to roughly $312,000. Bitcoin holdings fell to 63.7 BTC, valued at about $5.3 million.
Why it matters
The repayment eliminates all pledged Bitcoin collateral and reduces leverage, improving the balance sheet and lowering financing risk for shareholders. Lower debt also reduces interest expense, which could enhance cash‑flow visibility going forward.
Key facts
- 1Mined 8.1 BTC in September 2026, up 37 % YoY and 2.7 % from August 2026. sec.gov
- 2Generated approximately $89,000 from energy sales in September 2026. sec.gov
- 3Total energy sales for the three months ended September 30, 2026 were approximately $312,000. sec.gov
- 4Repayed $22.45 million of the Arch credit facility using 267.4 BTC, fully retiring the loan. sec.gov
- 5Secured debt fell from $23.70 million to $1.25 million after repayment. sec.gov
- 6Bitcoin held at September 30, 2026 was 63.7 BTC, valued at approximately $5.3 million (Bitcoin price ≈ $83,900). sec.gov
Summary written by AlphAI from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.