PowerCompute mined 8.1 BTC in September 2024, a 37% increase from 5.9 BTC in September 2023. The company used 267.4 BTC to retire a Bitcoin-backed credit facility of $22.45 million with Arch, reducing its secured debt from approximately $23.7 million to $1.25 million. Its Bitcoin holdings fell from 323.02 BTC at the end of August to 63.7 BTC at the end of September. Production also improved compared to August (7.9 BTC), and the company generated approximately $312,000 in revenue over three months from selling electricity back to the grid.
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