PowerCompute Projects 10% Hash Rate Increase to 880 PH/s by Mid-December
PowerCompute (PWCM) reported significant operational growth in its Q3 2026 earnings call, noting a 36% year-over-year increase in Bitcoin mining production. The company successfully expanded its infrastructure through the cash purchase of 600 new S21++ miners in November 2026. Management expects these hardware additions to drive a approximately 10% lift in total hash rate, targeting roughly 880 PH/s by mid-December. Additionally, the company highlighted a substantial reduction in its financial risk profile, with secured debt decreasing by 94% since June.