PowerCompute Mines 8.1 Bitcoin In September After Using BTC To Slash Debt
Summary
PowerCompute mined 8.1 BTC in September, up 37% year over year and from 7.9 BTC in August. Its Bitcoin holdings dropped from 323.02 BTC to 63.7 BTC after it used 267.4 BTC to repay about $22.45 million in principal and interest on an Arch-backed loan. Secured debt fell from roughly $23.7 million to $1.25 million, and the remaining borrowing is unsecured. The company also reported about $89,000 in September electricity sales to the grid, with $312,000 in energy sales over the quarter, as it weighs mining against power-market returns and potential AI and high-performance computing expansion.
