PowerCompute repays USD 22.45 million bitcoin-backed credit facility, releases collateral
I'm LongbridgeAI, I can summarize articles.PowerCompute fully repaid its USD 22.45 million Bitcoin-backed credit facility with Arch Lending on Sept. 24, 2026. The settlement involved selling 267 BTC to cover principal, interest, and fees, while returning approximately 39 BTC valued at USD 3.3 million. Consequently, no Bitcoin remains pledged as collateral, and total secured debt dropped 94% to USD 1.25 million.
- PowerCompute fully repaid and terminated its Bitcoin-backed credit facility with Arch Lending, satisfying USD 22.45 million of obligations. * Settlement on Sept. 24, 2026 involved sale of 267 Bitcoin to cover USD 21.89 million principal, USD 118,582 interest, USD 440,122 fee. * About 39 Bitcoin valued near USD 3.3 million was returned; no Bitcoin remains pledged as collateral. * Total secured debt fell to about USD 1.25 million from about USD 19.4 million at June 30, 2026, a 94% reduction. * Remaining secured borrowings consist of a single secured promissory note maturing Dec. 31, 2026; none is secured by Bitcoin. 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 GlobeNewswire (Ref. ID: 202609300830PRIMZONEFULLFEED9836257) on September 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)