PowerCompute secures USD 21.89 million bitcoin-backed collar loan from Arch Lending
Reuters2026/08/28 21:22- PowerCompute, via its US Digital Mining and Hosting unit, entered a new 30-day Bitcoin-collared loan facility with Arch Lending on Aug. 25, 2026.
- Borrowed USD 21.89 million on a non-recourse Collar Loan secured by 307 bitcoin; interest rate set at 6.5%.
- Proceeds included about USD 18.1 million to repay the Aug. 3 Arch loan; USD 3.77 million funded the prior collar feature.
- Facility rolls automatically every 30 days unless notice is given; key terms reset at each rollover based on market conditions.
- Initial collar set at USD 71,112 floor, USD 75,000 ceiling, USD 93,500 barrier per bitcoin; lender captures upside above ceiling if barrier is met.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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