PowerCompute, Inc. Terminates Bitcoin‑Secured Loan, Repays Arch

What Happened PowerCompute, Inc. announced it elected to terminate, settle and pay in full its Bitcoin‑secured loan facility and related Loan and Security Agreement with ChainFi Inc. d/b/a Arch Lending. The termination was effected on September 24, 2026; a press release describing the repayment and termination was filed as Exhibit 99.1 on September 30, 2026.

Key Details

• The company had pledged 307 Bitcoin as collateral under the facility.
• Arch sold approximately 267.3 of those Bitcoin to satisfy $21,892,132 of principal, $118,582 of accrued interest, and a $440,122 fee (total satisfied ≈ $22,450,836).
• Arch returned the remaining approximately 39.6 Bitcoin to PowerCompute.
• Item 1.02 (termination of a material definitive agreement) and Item 7.01 (Regulation FD disclosure) were reported in the Form 8-K.

Why It Matters The company eliminated the outstanding Bitcoin‑backed debt and associated interest/fee, removing the loan liability and terminating the related security agreement. For investors, this changes PowerCompute’s leverage and crypto holdings picture: a significant portion of previously pledged BTC was sold to settle the obligation while a smaller portion was returned to the company. The filing confirms the debt is repaid and the credit facility is closed, which may affect the company’s liquidity profile and crypto asset balance disclosed in future reports.