PowerCompute Boosts Mississippi Site Power Contract to 11 Megawatts

PowerCompute (PWCM) has expanded its power contract at its Columbus, Mississippi site to 11 megawatts, a significant increase from the previous 8.5 megawatts. The new agreement, effective October 1, 2026, was signed by subsidiary US Digital Mining Mississippi with Columbus Light and Water. Notably, the power increase does not require a utility capital contribution or a capacity commitment charge, which is a substantial financial benefit for the company.

The contract, running through September 16, 2030, allows for uninterrupted power service. Under the new terms, Columbus Power is returning a $300,000 deposit to PowerCompute, which will be replaced by a utility bond. The company plans to use the returned cash to fund the capacity buildout at the Columbus site. Additionally, the increase in contracted power demand did not incur any charges under TVA's new data center tariff, which typically applies to loads above the first five megawatts.

On the day this news was released, PowerCompute's stock price surged by 8.33%, reaching $1.04. The relative trading volume was also notably high at 4.2 times the average. The company has also announced its intentions to acquire and monetize low-cost electrical infrastructure, increase Bitcoin mining production, and develop high-performance computing (HPC) and AI computing capacity, although these plans are forward-looking and not yet realized.