PowerCompute, Inc. Enters $21.9M Bitcoin‑Secured Collar Loan

What Happened
PowerCompute, Inc., through its wholly owned subsidiary US Digital Mining and Hosting Co, LLC, announced a new non‑recourse, collared 30‑day loan facility with ChainFi Inc. d/b/a Arch Lending. On August 25, 2026 the borrower drew $21,892,131.88 under the facility, secured by 307 Bitcoin and carrying interest at 6.5% per annum. The loan automatically rolls over in successive 30‑day periods unless either party gives notice of non‑renewal; at each rollover the interest rate and the collar prices are re‑set based on market conditions. The Loan Agreement is filed as Exhibit 10.1 to the 8‑K.

Key Details

• Loan amount: $21,892,131.88 borrowed on August 25, 2026; collateral: 307 BTC.
• Interest rate: 6.5% per annum; loan type: non‑recourse, collared, 30‑day term with automatic rollovers.
• Initial collar prices (first 30‑day period): floor $71,112/BTC, ceiling $75,000/BTC, barrier $93,500/BTC.
• Use of proceeds: ~$18.1M paid off the prior Arch loan dated August 3, 2026; ~$3.765M funded the August 3 loan’s collar feature.

Why It Matters
This filing shows PowerCompute arranging short‑term financing secured by its Bitcoin holdings to refinance prior debt and manage its collar exposure. The structure preserves liquidity while leaving the Bitcoin as collateral; the collar terms (floor/ceiling/barrier) and automatic rollovers mean the company’s obligations and collateral outcomes will reset monthly based on market prices. Investors should note the loan is non‑recourse and tied to crypto market movements; the full Loan Agreement is available as an exhibit to the 8‑K for further details.