PowerCompute Repays Bitcoin-Backed Debt, Slashing Total Debt by 94%

Key Facts

1PowerCompute repaid its Bitcoin-backed facility to Arch, resulting in the release of all Bitcoin collateral.

2The company achieved a 94% reduction in total debt and expects a 25% increase in active mining hash rate to 964 PH/s.

PowerCompute repaid its Bitcoin-backed credit facility to Arch, resulting in the release of all Bitcoin collateral. According to a company statement on GlobeNewswire, the firm achieved a 94% reduction in total debt and expects a 25% increase in its active mining hash rate to 964 PH/s.

PWCM closed at $0.9869 on September 29, 2026, prior to the announcement regarding the collateral recovery and debt reduction. The move aligns with the company's strategy to strengthen its balance sheet and mitigate liquidation risks associated with crypto-collateralized loans.