PowerCompute — Q3 2026 Earnings Summary

PowerCompute reported a net income of $0.4 million for the third quarter of 2026, driven by a $6.7 million fair value gain on digital assets receivable as Bitcoin prices rose approximately 43% during the period. The company mined 23.9 Bitcoin, representing a 35.8% increase in production compared to the same quarter in 2025, while its mining margin improved to 50.7% from 29.0% in the previous quarter. Significant balance sheet improvements were achieved by repaying and terminating its Bitcoin-backed credit facility, which reduced secured debt by 94% to $1.25 million and eliminated pledged Bitcoin. Additionally, PowerCompute purchased 600 new Bitmain Antminer S21++ units for $1.0 million, which are expected to increase the company's active hashrate by approximately 10% by mid-December 2026.