GNW · 2026-11-13 12:01 UTC

PowerCompute (Nasdaq: PWCM) Reports Third Quarter 2026 Results: Bitcoin Production Up 36%; Buys 600 S21++ Miners Expected to Add About 10% to Hashrate

PowerCompute reported Q3 2026 Bitcoin production of 23.9 BTC, up 35.8% from Q3 2025, with mining margin of 50.7% versus 29.0% in Q2 2026. Revenue was $1.9 million, down from $2.2 million a year earlier, as the average value per Bitcoin mined fell 37.5%; net income was about $0.4 million, or $0.20 per share, driven by fair value gains. The company repaid and terminated its Bitcoin-backed credit facility on September 24, 2026, cutting secured debt to $1.25 million, and bought 600 S21++ miners expected to add about 10% to hashrate.

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