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POWERCOMPUTE, INC.
PowerCompute, Inc. will hold a Special Meeting of Stockholders on November 17, 2026, to vote on a proposal to effect a reverse stock split of its common stock. The board of directors will determine the final exchange ratio between 1:2 and 1:10, and if approved, the split may be implemented at any time prior to December 31, 2027.…more
POWERCOMPUTE, INC.
PowerCompute reported mining 8.1 BTC in September 2026 and generating $89,000 in energy sales. The company fully repaid its $22.45 million Bitcoin-backed credit facility, releasing all pledged collateral and reducing total secured debt to $1.25 million.…more
POWERCOMPUTE, INC.
PowerCompute has renewed its power contract for its Columbus, Mississippi data center, increasing contracted power demand from 8.5 MW to 11 MW. The company secured the new 'Large Data Service Rate' under the Tennessee Valley Authority (TVA), successfully avoiding approximately $1.5 million per megawatt in capacity commitment charges. Additionally, the company received a $300,000 deposit refund from Columbus Light and Water, which will be reinvested into capacity expansion at the site.…more
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PowerCompute Reports September Bitcoin Production and Debt Repayment
PowerCompute announced a 37% year-over-year increase in September Bitcoin production and the full repayment of its $22.45 million Bitcoin-backed credit facility. While the debt reduction strengthens the balance sheet, the company's total Bitcoin holdings decreased significantly as a result of the repayment.…more
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PowerCompute has increased its contracted power demand at its Mississippi facility from 8.5 megawatts to 11 megawatts. The company successfully avoided significant capacity commitment charges under new regional data center tariff regulations.…more
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PowerCompute's subsidiary, US Digital Mining Mississippi, has signed a contract with Columbus Light and Water to increase its power demand from 8.5 megawatts to 11 megawatts. This agreement allows the company to scale up operations at its Mississippi facility.…more
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