Watch for the company's next operational update on deploying the returned $300,000 deposit and the additional 2.5 MW of power toward Bitcoin mining hash rate expansion. The Columbus site's grandfathered status under TVA's new data center tariff is a structural cost advantage that should be monitored for any future TVA rate adjustments.
Price Chart
Executive Summary
PowerCompute's subsidiary executed a new power contract with Columbus Light and Water, increasing contracted power at its Mississippi site from 8.5 MW to 11 MW under TVA's new Large Data Service Rate (Schedule DCB). The company avoided approximately $1.5 million per MW in capacity commitment charges by moving to the new tariff before the October 1, 2026 deadline, and Columbus Light and Water is returning a $300,000 deposit. This is a cost-saving and capacity-expanding event that improves the site's competitive position for Bitcoin mining and future HPC/AI workloads.
Key Facts
- Contracted power at Columbus site increased from 8.5 MW to 11 MW (a 2.5 MW increase).
- New contract is under TVA's Large Data Service Rate, Schedule DCB, effective October 1, 2026.
- Company was not assessed any Capacity Commitment Charge on the 11 MW; new loads today would face ~$1.5 million/MW above the first 5 MW.
- Columbus Light and Water is returning the company's $300,000 power deposit, replaced by a utility bond.
- Company's share of capital costs for CLW's facilities is estimated at $0.
- Columbus site has approximately 2,373 installed Antminer machines with ~205 PH/s total hashrate as of September 30, 2026.
- Total operating capacity across both sites is 26 MW (15 MW Calumet, OK + 11 MW Columbus, MS).
- On-peak contract demand remains at 300 kW; the company curtails during on-peak hours.
Financial Impact
Avoided ~$9 million in capacity commitment charges (6 MW above 5 MW threshold × ~$1.5 million/MW). $300,000 deposit returned to company for capacity buildout.
Risk Factors
- TVA could adjust the Large Data Service Rate or Capacity Commitment Charge in future fiscal years, potentially increasing power costs.
- The company may not be able to fully utilize the additional 2.5 MW of contracted power if equipment delivery or installation is delayed.
- Bitcoin price volatility and network difficulty changes could impact the economics of mining at the site.
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-414991 |
| Document: lmfa-20261006.htm | 0001193125-26-414991 |
| Document: lmfa-ex99_1.htm | 0001193125-26-414991 |
| Document: 0001193125-26-414991-index-headers.html | 0001193125-26-414991 |
| Document: 0001193125-26-414991-index.html | 0001193125-26-414991 |
| Document: 0001193125-26-414991.txt | 0001193125-26-414991 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | 8-K | $1.06 | awaiting T+20 | — | $0.5860 (−44.72%) |
Oct 6, 2026 20d ago | Press Release | $1.06 | awaiting T+20 | — | $0.5860 (−44.72%) |
Sep 30, 2026 26d ago | 8-K | $1.13 | awaiting T+20 | — | $0.5860 (−48.14%) |
Sep 23, 2026 4w ago | 8-K | $1.10 $0.6364 | ▼ −42.15% | ▼ −42.83% | $0.5860 (−46.73%) |
Sep 9, 2026 6w ago | 8-K | $1.19 $1.01 | ▼ −15.13% | ▼ −17.07% | $0.5860 (−50.76%) |
Aug 20, 2026 9w ago | 8-K | $1.34 $0.9800 | ▼ −26.87% | ▼ −26.87% | $0.5860 (−56.27%) |
Aug 14, 2026 10w ago | Press Release | $1.26 $1.02 | ▲ +19.05% | ▲ +17.06% | $0.5860 (+53.49%) |
Aug 14, 2026 10w ago | 8-K | $1.26 $1.02 | ▲ +19.05% | ▲ +17.06% | $0.5860 (+53.49%) |
Aug 7, 2026 11w ago | Press Release | $1.48 $1.18 | ▼ −20.27% | ▼ −19.87% | $0.5860 (−60.41%) |
Aug 5, 2026 11w ago | 8-K | $1.55 $1.11 | ▼ −28.39% | ▼ −27.79% | $0.5860 (−62.19%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers