Crypto
PowerCompute's Bitcoin Holdings Reach $25.2M Amid Summer Mining Downturn
PowerCompute, Inc. (NASDAQ:PWCM) reported having 323 Bitcoin holdings valued at approximately $25.2 million as of August 31, 2026.
The company mined 7.9 Bitcoin during August, consistent with July production.
Bruce M. Rodgers, Chairman, Chief Executive Officer and President, attributed the production levels to seasonal heat-related curtailment at the company’s Oklahoma and Mississippi sites.
Of the 323 Bitcoin holdings, 307 are pledged as collateral under the company’s Arch credit facility, against which approximately $21.9 million was outstanding as of August 31, 2026.