PowerCompute Sees Higher Bitcoin Output, But Net Loss Due to Digital-Asset Valuation Losses

PowerCompute posted higher bitcoin output in Q2 2026, but its financial results showed a swing to a net loss due to digital-asset valuation losses and increased interest costs. The company mined 27.9 bitcoins in the quarter, up 51.6% from a year earlier, which helped offset lower average prices. Revenue rose 9.8% year over year to $2.1 million, but was flat sequentially.

The mining margin improved to 29% in Q2 2026 from 24.1% in the prior quarter, thanks to curtailment and energy sales. However, the company reported a net loss of $4.6 million compared to a profit of $100,000 in the same period last year.

PowerCompute's management is pushing into AI infrastructure and high-performance computing, with a small GPU pilot launched in July generating no revenue in Q2 2026 but expected to produce immaterial revenue in Q3. The company has also begun marketing available power capacity at its Mississippi site for co-location and hosting.