PowerCompute secures USD 21.89 million bitcoin-backed collar loan from Arch Lending

Reuters2026/08/28 21:22

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PowerCompute, via its US Digital Mining and Hosting unit, entered a new 30-day Bitcoin-collared loan facility with Arch Lending on Aug. 25, 2026.
Borrowed USD 21.89 million on a non-recourse Collar Loan secured by 307 bitcoin; interest rate set at 6.5%.
Proceeds included about USD 18.1 million to repay the Aug. 3 Arch loan; USD 3.77 million funded the prior collar feature.
Facility rolls automatically every 30 days unless notice is given; key terms reset at each rollover based on market conditions.
Initial collar set at USD 71,112 floor, USD 75,000 ceiling, USD 93,500 barrier per bitcoin; lender captures upside above ceiling if barrier is met.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PowerCompute Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-374752), on August 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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