PowerCompute Reports Q2 2026 Earnings: Revenue Up but Net Loss Widens
PowerCompute (PWCM) reported second-quarter earnings for fiscal year 2026, showing a revenue increase of 9.8% to $2.1 million compared to the prior-year period. This growth was driven by an increased number of active miners and lower Bitcoin mining difficulty rates. However, the company posted a net loss of $4.6 million in Q2 2026 versus a small profit of $100,000 in the same quarter last year, largely due to $3 million in fair value losses on digital assets. The firm mined 27.9 Bitcoins during the period and holds a Bitcoin treasury valued at approximately $18.6 million as of June 30, 2026. Despite this, core EBITDA turned negative with a loss of $2.8 million compared to income of $2.6 million in Q2 2025. Management also highlighted the company’s Bitcoin-backed debt refinancing and its plans for AI infrastructure expansion using existing power capacity. PowerCompute has consolidated three debt facilities into an $18 million loan with Arch Lending, reducing interest rates from a blended annual rate of approximately 13% to just 2%. The firm is also exploring revenue opportunities in the range of $20–$50 million annually by leveraging its full power capacity for AI and high-performance computing.
