Crypto
PowerCompute Posts Strong July Revenue Despite Mining Slump
PowerCompute reported its July 2026 Bitcoin mining update, showing a slight decrease in production due to seasonal heat-related curtailment at its Oklahoma and Mississippi sites. Despite this, the company managed to capture $91,000 in revenue from energy sales during the month.
The company's treasury holdings stood at 315.1 BTC on July 31, 2026, valued at approximately $20.2 million based on a Bitcoin price of around $64,000 as of that date.
PowerCompute's Chairman and CEO Bruce M. Rodgers explained the situation: 'July production of 7.9 Bitcoin reflected seasonal heat-related curtailment at our Oklahoma and Mississippi sites, which is typical for this time of year.'