PowerCompute Upsizes Bitcoin-Backed Loan to $21.9M at 6.5% with New Knock-In Collar
PWCM sits 17% above its 52-week low of $1.015 on light trading volume (0.3× avg).
Summary
PowerCompute refinanced its Bitcoin-backed loan with Arch Lending, increasing the principal to $21.9M at 6.5% interest and adding a knock-in collar structure with a $93,500 barrier price.
Key Events · Financing and Capital Events · PWCM
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Loan Upsized to $21.9M
Principal increased from $18.1M to $21.9M, with the $3.765M unwind cost from terminating the prior collar capitalized into the new loan.
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Interest Rate Tripled to 6.5%
The new loan carries a 6.5% annual rate, up from 2% on the prior Arch Lending facility, increasing monthly interest to $118,582.
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Knock-In Collar Structure Added
New terms include a floor price of $71,112, ceiling price of $75,000, and barrier price of $93,500 per Bitcoin. Upside is capped only if Bitcoin trades at or above $93,500 at the 30-day reset.
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Collateral Increased to 307 BTC
The loan is secured by 307 Bitcoin, up from the prior collateral amount, with an initial LTV of approximately 90.84%.
Analysis · PWCM · Crypto Assets
PowerCompute restructured its Arch Lending debt, increasing the principal from $18.1M to $21.9M and more than tripling the interest rate from 2% to 6.5%. The new loan adds a knock-in collar structure that caps upside participation if Bitcoin trades above $93,500 at maturity, while the floor price of $71,112 protects against downside. The $3.765M unwind cost from terminating the prior collar was capitalized into the new principal, meaning the company paid a significant premium to restructure. This is a material change in financing terms that increases the company's debt burden and interest expense.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1594 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PWCM was trading at $1.19 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $2M. The 52-week trading range was $1.02 to $35.75. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.