Powercompute, Inc 8-K, filed Nov 10, 2026
Powercompute, Inc. (PWCM)
About this 8-K
Powercompute, Inc filed this 8-K on November 10, 2026.
PowerCompute mined approximately 9.0 Bitcoin in October 2026, up 20% from 7.5 Bitcoin in October 2025. Active hashrate reached approximately 800 PH/s at October 31, 2026, and it held 65.7 BTC valued at approximately $5.1 million. AI summary
Items reported
- Item 2.02: Financial results
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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Item 2.02 Results of Operations and Financial Condition.
On November 10, 2026, the Company issued a press release providing Bitcoin production and mining update for the one month ended October 31, 2026. The information contained in the press release is incorporated herein by reference and furnished as Exhibit 99.1.
The information furnished in this Item 2.02, including Exhibit 99.1, is not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under that Section. This information will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Company specifically incorporates it by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Description |
99.1 |
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104 |
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Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL) |
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This Current Report on Form 8-K may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainty. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Such statements are based on the Company’s current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Investors are cautioned that there can be no assurance actual results or business conditions will not differ materially from those projected or suggested in such forward-looking statements as a result of various risks and uncertainties. Investors should refer to the risks detailed from time to time in the reports the Company files with the SEC, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as well as other filings on Form 10-Q and periodic filings on Form 8-K, for additional factors that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by law.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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PowerCompute, Inc. |
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Date: |
November 10, 2026 |
By: |
/s/ Richard Russell |
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Richard Russell, Chief Financial Officer |
PowerCompute (Nasdaq: PWCM) Increases October Bitcoin Production 20% Year-Over-Year as Fleet Refresh Lifts Active Hashrate 11.4%
Mined 9.0 Bitcoin in October 2026, up 11.1% from September 2025; active hashrate reached approximately 800 PH/s at October 31, up 11.4% from approximately 718 PH/s at September 30, 2026
Generated approximately $46,000 from energy sales in October 2026, held 65.7 Bitcoin at October 31, 2026, approximately $2.00 per share
TAMPA, FL, November 10, 2026 - PowerCompute, Inc. (Nasdaq: PWCM) (“PowerCompute” or the “Company”), formerly LM Funding America, Inc., a Bitcoin mining and power-infrastructure company developing high-performance computing (“HPC”) and artificial intelligence (“AI”) infrastructure, today announced preliminary, unaudited Bitcoin mining and operating results for the month ended October 31, 2026. The Company mined approximately 9.0 Bitcoin in October 2026, up 20% from 7.5 Bitcoin in October 2025 and up 11.1% from 8.1 Bitcoin in September 2026. Active hashrate reached approximately 800 PH/s at October 31, 2026, up 11.4% from approximately 718 PH/s at September 30, 2026, as the Company installed approximately 900 more efficient miners on its existing 26 megawatts of power.
Metric |
October 2025 |
September 2026 |
October 2026 |
Bitcoin mined |
7.5 |
8.1 |
9.0 |
Bitcoin sold |
(17.0) |
— |
(7.0) |
Bitcoin applied to debt repayment |
— |
(267.4) |
— |
Service fee |
(0.04) |
— |
— |
Bitcoin ending balance |
294.9 |
63.7 |
65.7 |
October 2026 Highlights
“We are putting more hashrate on the same power,” said Bruce M. Rodgers, Chairman, Chief Executive Officer and President of PowerCompute. “Active hashrate rose about 11.1% in October 2026 without adding a megawatt, and our production is starting to reflect it. We are funding the refresh from Bitcoin and cash on hand, not new debt. Getting more Bitcoin out of every kilowatt-hour is the point of the refresh, and we’ll keep replacing older machines where the economics support it.”
The Company had 2,535,061 shares of common stock outstanding as of October 31, 2026.
About PowerCompute
PowerCompute, Inc. (Nasdaq: PWCM), formerly LM Funding America, Inc., is an owner and operator of electrical infrastructure that converts electricity into Bitcoin and high-performance computing and artificial intelligence capacity. Founded in 2008 and headquartered in Tampa, Florida, the Company operates 26 megawatts of interconnected electrical infrastructure across Bitcoin data center facilities in Oklahoma and Mississippi.
The Company also operates a technology-enabled specialty finance business providing funding to nonprofit community associations primarily in Florida. For more information, please visit https://www.power-compute.com.
Forward-Looking Statements
This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties.
Some of these risks and uncertainties are identified in the Company’s most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, the Company’s ability to maintain compliance with the continued listing requirements of The Nasdaq Stock Market, including the minimum bid price requirement; the availability, cost and timely delivery and installation of mining equipment and related infrastructure, including the effect of tariffs on imported equipment; the Company’s ability to increase active mining hash rate or realize anticipated improvements in fleet efficiency; the Company’s ability to energize remaining power capacity on anticipated timelines or at anticipated cost; the Company’s ability to repay or refinance its remaining indebtedness at or before maturity; changes in Bitcoin prices, Bitcoin network difficulty and total network hash rate; the availability and pricing of energy sales and curtailment revenue; the Company’s ability to convert owned power capacity to HPC and AI use on anticipated timelines or at anticipated cost; the Company’s ability to acquire additional electrical capacity on acceptable terms; the Company’s ability to secure customers for HPC and AI capacity; changes in TVA or Columbus Light and Water rate schedules, tariffs or rate classifications, including the application, amount or timing of any capacity commitment charge, and the Company’s ability to maintain its current rate classification at the Columbus site; the anticipated reduction in interest and collar-related expense following repayment of the Company’s Bitcoin-backed credit facility; the availability and cost of GPU and related infrastructure equipment; competition in the HPC and AI compute market; and other risks associated with the Company’s Bitcoin mining, HPC, AI and specialty finance businesses.
The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition and results of operations. Forward-looking statements speak only as of the date made, and the Company undertakes no obligation to update such statements except as required by applicable law.
Investor and Media Contact
KCSA Strategic Communications
Philip Carlson
pwcm@kcsa.com
212-896-1233