PowerCompute (Nasdaq: PWCM) fully repaid its Arch Lending Bitcoin-backed facility on September 24, 2026, satisfying approximately $22.45 million of obligations. Arch sold approximately 267.3 pledged Bitcoin and returned approximately 39.6 Bitcoin, valued at approximately $3.3 million. No Bitcoin remains pledged. Total secured debt fell approximately 94% from approximately $19.4 million at June 30, 2026 to approximately $1.25 million; the remaining note matures December 31, 2026.

PowerCompute expects its Mississippi expansion and Oklahoma equipment upgrades to raise active mining computing power to approximately 964 PH/s, approximately 25% above June 30's approximately 771 PH/s. The Mississippi deployment uses approximately 3.5 MW of owned capacity not yet energized. PowerCompute intends to use Bitcoin as working capital rather than pursue a leveraged treasury strategy, while developing high-performance computing and AI capacity.