PowerCompute — July 2026 Earnings Summary

Financial Performance

• Bitcoin treasury holdings as of July 31, 2026, stood at 315.1 BTC, valued at approximately $20.2 million based on a Bitcoin price of $64,000.
• The company captured $91,000 in curtailment and energy sales revenue during July 2026.
• Bitcoin mined net in July 2026 was 7.9 BTC, compared to 8.7 BTC in June 2026 and 5.9 BTC in July 2025.
• Bitcoin sold in July 2026 was 11.1 BTC, down from 13.1 BTC in June 2026 and 11.0 BTC in July 2025.
• Bitcoin HODL (held) decreased to 315.12 BTC in July 2026 from 318.3 BTC in June 2026 and 150.4 BTC in July 2025.
• Proceeds from Bitcoin sales are reported as cash flows from investing activities.
• The value of the 315.1 BTC treasury holdings increased to approximately $21.5 million as of August 19, 2026, based on a Bitcoin price of $68,200.

Guidance and Future Outlook

• Management's focus is on converting owned, low-cost, energized power into higher-value high-performance computing (HPC) and artificial intelligence (AI) infrastructure.
• The company plans to update shareholders as progress is made on converting power to compute.

Business Segments and Product Lines

• The company operates 26 megawatts of wholly-owned power infrastructure across facilities in Oklahoma and Mississippi.
• PowerCompute is expanding from Bitcoin treasury and mining into HPC and AI infrastructure.
• The company operates a technology-enabled specialty finance business providing funding to nonprofit community associations primarily in Florida.
• Seasonal heat-related curtailment occurred at Oklahoma and Mississippi sites in July, which generated energy sales revenue.

Market and Competitive Landscape

• The company highlighted the flexibility of owning infrastructure to monetize power when it is most valuable to the grid.
• The press release notes competition in the HPC and AI compute market as a risk factor.

Risks and Challenges

• Risks include volatility of Bitcoin and other 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 the ability to finance site acquisitions and cryptocurrency mining operations.
• Risks include 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 July production reflected typical seasonal heat-related curtailment.
• Rodgers emphasized that the ability to monetize power during curtailment demonstrates the flexibility of owning infrastructure.
• Management noted a reduction in Bitcoin sales month-over-month while maintaining treasury holdings above 315 BTC.

Other Key Points

• In August 2026, the company refinanced and consolidated approximately $18 million of debt into a single facility with Arch Lending.
• The new Arch Facility is secured by Bitcoin from the company's treasury, allowing the use of Bitcoin as collateral rather than selling holdings to service debt.
• The July 31, 2026, Bitcoin HODL figure of 315.12 includes 307 BTC held for a loan facility.
• The company was founded in 2008 and is headquartered in Tampa, Florida.