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#PowerCompute

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PowerCompute Mines 8.1 Bitcoin in September After Using BTC to Cut Debt
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PowerCompute Mines 8.1 Bitcoin in September After Using BTC to Cut Debt

Key Highlights: PowerCompute liquidated 267.4 BTC to settle principal and accrued interest on an Arch credit facility, eliminating approximately $22.45 million in debt. The miner’s corporate Bitcoin treasury dropped from 323.02 BTC in August to 63.7 BTC by the end of September. Operational output ticked upward to 8.1 BTC in September, complemented by $89,000 in ...

Company That Used Bitcoin as Collateral Changes Course, Sells 267.3 BTC to Repay Debt
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Company That Used Bitcoin as Collateral Changes Course, Sells 267.3 BTC to Repay Debt

Key Highlights: PowerCompute said its Bitcoin sale was agreed during the September 24th loan-renewal period, not triggered by a margin call or forced liquidation. The transaction reduced the company’s secured debt from $19.4 million on June 30 to approximately $1.25 million. PowerCompute held approximately 62 Bitcoin as of September 25, valued at about $5.2 million ...