By Isaac • August 30, 2026 3:09 pm •
PowerCompute has turned nearly its entire Bitcoin treasury into the collateral behind a new 30-day financing test—and the reset was not cheap.
According to the company’s August 28 filing with the Securities and Exchange Commission, its subsidiary replaced an earlier collared loan with a new $21.89 million facility from Arch Lending. The new balance includes $3.765 million tied to unwinding the previous collar early.
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The loan remains secured by 307 Bitcoin. PowerCompute reported 318.3 BTC at the end of June, so the pledged amount represents almost all of the Bitcoin it disclosed holding at that point.
A cheaper loan became a much tighter bet.
The original August 3 facility carried roughly $18.13 million in principal and
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