Loan & DebtAug 10, 2026, 08:38 AM
PowerCompute Refinances $18.1M Debt with Bitcoin-Backed Loan at 2% APR
AI Summary
PowerCompute, Inc., through its subsidiary US Digital Mining and Hosting Co, LLC, entered into a new $18.1 million non-recourse, 30-day rolling loan facility with Arch Lending. This facility, secured by 307 Bitcoin, carries a significantly lower interest rate of 2.0% per annum, replacing previous higher-cost debt, including loans from Galaxy Digital and SE and AJ Liebel. The refinancing is expected to reduce interest expenses and strengthen the company's balance sheet.
Key Highlights
- Secured new $18,127,131.88 non-recourse, 30-day rolling loan facility with Arch Lending.
- Loan is secured by 307 Bitcoin from the company's treasury.
- New loan carries an interest rate of 2.0% per annum.
- Used to pay off previous bridge loans from Arch Lending entered into on July 27, 2026.
- Refinances $11 million loan from Galaxy Digital and $7 million from SE and AJ Liebel.
- Significantly lowers interest costs from 12% on prior Liebel loans to 2%.
Price Impact
More from LMFA