PowerCompute Produces 9.0 Bitcoin in October, Up 20% Year Over Year and 11.1% Month Over Month
Key Facts
PowerCompute produced about 9.0 Bitcoin in October 2026, up 20% from 7.5 Bitcoin in October 2025 and 11.1% from 8.1 Bitcoin in September, according to a company filing with the U.S. Securities and Exchange Commission. The company said the results were preliminary and unaudited. Production growth coincided with active hashrate rising to about 800 PH/s on October 31, from about 718 PH/s on September 30. The company attributed the increase in computing capacity to installing more efficient mining machines on its existing electrical infrastructure. The figures provide an operational indication of the fleet upgrade's impact ahead of the quarterly results conference scheduled for November 13.
Active hashrate was about 800 PH/s at the end of October, up 11.4% from about 718 PH/s at the end of September. PowerCompute said it installed about 900 more efficient mining machines on existing electrical capacity of 26 megawatts. The company's interconnected electrical infrastructure was spread across Bitcoin mining facilities in Oklahoma and Mississippi. The filing did not describe the process as a full-scale upgrade, instead linking the increase in hashrate to adding machines to existing capacity. In a September announcement, the company had forecast that the upgrade would raise hashrate per replaced machine by about 39%. It estimated that the new machines consume about 21.5 joules per terahash, compared with about 34 for the replaced machines.
Chairman and Chief Executive Bruce Rodgers said the company increased its hashrate using the same electrical capacity. He added that the machine upgrade was funded with Bitcoin and available cash, "not new debt." The company also said it would continue replacing older machines when economically viable. This approach puts the upgrade's cost and funding sources at the center of monitoring upcoming operating results. The company noted that the availability, cost and delivery schedules of mining equipment are among the risks that could affect its plans. It also cited network difficulty and Bitcoin prices as risks, and cautioned that forward-looking statements do not guarantee future results.
Not all of October's production translated into an increase in holdings: PowerCompute sold about 7.0 Bitcoin during the month and ended it holding 65.7 Bitcoin. The company's table recorded no Bitcoin used to repay debt in October. The company estimated the closing holdings were worth about $5.1 million, based on a Bitcoin price of about $77,000 on October 31. That equates to about $2.00 per share, according to the filing's estimate. There were 2,535,061 common shares outstanding on that date. These figures combine monthly production, asset sales and retained holdings, which are separate measures for tracking mining activity.
The company generated about $46,000 in October from electricity sales at its Oklahoma site during periods when selling power to the grid was more economically attractive than using it for mining. This revenue reflects an operational option when the relative economics of running mining machines and exporting electricity shift. PowerCompute recorded about $89,000 in power sales in September and about $312,000 during the three months ended September 30. The comparison shows that October's power-sale revenue followed a summer period in which the company recorded higher sales. In an industry report published on November 2, spot Bitcoin fell 3.5% over the week, and the dollar-denominated hashprice declined 8.7%. Network difficulty also rose 5.5% in the October 29 adjustment to 148.36 trillion.
PowerCompute operates 26 megawatts of interconnected electrical infrastructure across mining sites in Oklahoma and Mississippi, and is also developing high-performance computing and artificial intelligence activities. The company scheduled its third-quarter 2026 results conference for November 13 at 8:30 a.m. Eastern time. The event will provide an opportunity to follow what the company reports about the mining-machine upgrade's effects on production, costs and operating economics. Bitcoin sales, holdings and power-sale revenue will also remain among the items relevant to assessing the month's activity. The company stressed that statements about plans and future results are not guarantees of what will be achieved.