PowerCompute — August 2026 Earnings Summary

Financial Performance

• Bitcoin holdings totaled 323 BTC valued at approximately $25.2 million as of August 31, 2026.
• Energy sales from curtailment generated approximately $132,000 in August 2026, bringing the two-month total to approximately $223,000.
• Approximately $21.9 million was outstanding on the Arch credit facility as of August 31, 2026.
• 307 BTC are pledged as collateral for the Arch credit facility, while 16 BTC remain unencumbered.
• 2,421,472 shares of common stock were outstanding as of August 31, 2026.
• Bitcoin mined net was 7.9 BTC in August 2026, consistent with July 2026 (7.9 BTC) and up from 5.8 BTC in August 2025.
• No Bitcoin was sold or purchased in August 2026, compared to 9.0 BTC sold and 164.0 BTC purchased in August 2025.
• Bitcoin HODL increased to 323.02 BTC in August 2026 from 315.1 BTC in July 2026 and 311.2 BTC in August 2025.

Guidance and Future Outlook

• New mining equipment (approximately 1,000 units) is expected to be energized by September 30, 2026.
• Active hash rate is forecasted to increase by approximately 7% to 825 PH/s once new hardware is online, up from 771 PH/s as of June 30, 2026.
• The company is replacing older S19j Pro units rated at 100 TH/s or below with newer, more efficient machines.

Business Segments and Product Lines

• Operations include Bitcoin mining and a technology-enabled specialty finance business providing funding to nonprofit community associations primarily in Florida.
• The company is expanding into high-performance computing (HPC) and artificial intelligence (AI) infrastructure.
• The company operates 26 megawatts of wholly-owned power infrastructure across facilities in Oklahoma and Mississippi.

Market and Competitive Landscape

• Seasonal heat-related curtailment at Oklahoma and Mississippi sites is typical for August and impacted production levels.
• The company monetizes power by selling energy back to the grid when it is most valuable, leveraging infrastructure ownership flexibility.

Risks and Challenges

• Risks include volatility of Bitcoin and cryptocurrency prices.
• Risks related to the use of Bitcoin as collateral for the Arch Facility, including the requirement to post additional collateral if Bitcoin value declines.
• Risks include the ability to satisfy terms of the Arch Facility or extend loans on satisfactory terms.
• Challenges include the ability to successfully enter and operate in the HPC and AI infrastructure business.
• Risks involve the availability and cost of GPU and related infrastructure equipment.
• Risks include delays in the timely delivery, installation, and energization of newly ordered mining equipment.
• Competition in the HPC and AI compute market is a noted risk.
• Risks include the ability to finance site acquisitions and cryptocurrency mining operations.
• Risks involve the capacity of Bitcoin mining machines and the ability to purchase power at reasonable prices.
• Risks include the ability to identify and acquire additional mining sites.

Management Commentary and Tone

• Bruce M. Rodgers, Chairman, CEO, and President, stated that August production was consistent with July, reflecting typical seasonal heat-related curtailment.
• Rodgers noted that monetizing power during curtailment demonstrates the flexibility of owning infrastructure.
• Richard Russell, CFO, confirmed the ongoing miner refresh program to replace older units with more efficient hardware.

Other Key Points

• The press release is a preliminary, unaudited operational update for the month ended August 31, 2026.
• The company is headquartered in Tampa, Florida, and was founded in 2008.
• Forward-looking statements are subject to risks detailed in the Company's Form 10-K and SEC filings.