PowerCompute, Inc.: enters power contract for up to 11,000 kilowatts

What happened PowerCompute, Inc. reported that its wholly owned subsidiary, US Digital Mining Mississippi LLC, entered into an Industrial Power Contract with Columbus Light and Water on Sep 30, 2026 (effective Sep 16, 2026). The filing says the Power Contract replaces the Subsidiary's prior power contract for the data center in Columbus, Mississippi and supplies up to 11,000 kilowatts of firm power.

Key details

• initial term ends Sep 16, 2030, with a five-year renewal if both parties agree.
• power is priced under CLW's Large Data Service Rate, Schedule DCB, subject to scheduled rate increases and periodic adjustment by the Tennessee Valley Authority.
• the Subsidiary's share of capital costs for CLW's facilities is estimated at $0.
• the contract includes customary terms such as termination, early termination penalty, default, and limitation of liability, and the filing states there is no material relationship between the Company or its affiliates and CLW other than the contracts.
• the filing also includes a press release dated Oct 6, 2026, filed as Exhibit 99.1.

Why it may matter This report was filed under Item 1.02 (termination of a material definitive agreement) for the new Industrial Power Contract that replaces the prior power contract for the Facility, and under Item 7.01 (Regulation FD disclosure) for the press release. A filing does not show why the insider traded or why the company acted.