PowerCompute, Inc. (Nasdaq: PWCM) reported preliminary, unaudited results for the month ended September 30, 2026, in a press release filed with the SEC. The company mined 8.1 Bitcoin during September, representing a 37% increase compared to the 5.9 Bitcoin mined in September 2025 and a 2.7% increase from the 7.9 Bitcoin mined in August 2026.
In a significant financial move, PowerCompute applied 267.4 Bitcoin to repay approximately $22.45 million of principal and accrued interest under its Arch credit facility. This repayment fully satisfied the facility, reducing the company's total secured debt from $23.70 million to $1.25 million. As a result of this transaction, the company’s Bitcoin ending balance decreased to 63.7 BTC as of September 30, 2026, down from 323.02 BTC at the end of August.
PowerCompute also reported energy sales revenue of approximately $89,000 in September. This revenue was generated by selling energy during seasonal heat-related curtailment at its sites in Oklahoma and Mississippi, bringing total energy sales for the three months ended September 30, 2026, to approximately $312,000.
As of September 30, 2026, PowerCompute held 63.7 Bitcoin valued at approximately $5.3 million based on a Bitcoin price of approximately $83,900. The company had 2,535,061 shares of common stock outstanding at that time. The company stated that it intends to direct each megawatt of its power capacity toward the use offering the best risk-adjusted return, including Bitcoin mining, energy sales, or the development of high-performance computing and artificial intelligence infrastructure.
