Monitor October 2026 installation completion and subsequent hashrate achievement vs. the ~862 PH/s target. The 3 MW of additional energized capacity in Mississippi provides a near-term expansion option into either Bitcoin mining or AI/HPC infrastructure.
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Executive Summary
PowerCompute announced a fleet efficiency upgrade, replacing older Bitcoin miners with more efficient S19 XP units. The company expects total hashrate to increase ~11.8% to ~862 PH/s by October 2026, with incremental annual revenue capacity of ~$1.2 million from the new machines. The upgrades are funded from cash on hand and Bitcoin holdings, with total cost of ~$400,000.
Key Facts
- 1,000 new Bitmain S19 XP miners to be installed at Oklahoma facility by September 30, 2026, averaging 132 TH/s.
- 940 additional S19 XP miners ordered for October 2026 delivery to Mississippi facility.
- Expected total hashrate of ~822 PH/s after September installs (up 6.6% from 771 PH/s as of June 30, 2026).
- Expected total hashrate of ~862 PH/s after October installs (cumulative increase of ~11.8% over June 30, 2026).
- New units deliver ~39% more hashrate per machine replaced (132 TH/s vs 95 TH/s) at comparable power draw.
- New units are more efficient: ~21.5 J/TH vs ~34 J/TH for retired units.
- Estimated incremental revenue capacity of ~$1.2 million per year from the 1,940 new machines, based on hashprice of $40.00/PH/s/day.
- Total cost for all 1,940 units is approximately $400,000, funded from cash on hand and Bitcoin holdings.
- As of August 31, 2026, the company held 323 Bitcoin, valued at ~$27.8 million based on ~$86,000/BTC as of September 21, 2026.
- Company has up to 3 megawatts of additional energized capacity in Mississippi for expansion.
Financial Impact
Incremental annual revenue capacity of ~$1.2 million from new miners; total cost of ~$400,000 funded from existing resources.
Risk Factors
- Bitcoin price volatility directly impacts the value of mined Bitcoin and the company's treasury holdings.
- Execution risk: timely delivery, installation, and energization of new mining equipment may not occur as planned.
- Hashprice decline could reduce the estimated $1.2 million incremental revenue capacity.
- Forward-looking statements about hashrate increases and revenue are subject to operational and market risks.
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-398574 |
| Document: lmfa-ex99_1.htm | 0001193125-26-398574 |
| Document: 0001193125-26-398574-index-headers.html | 0001193125-26-398574 |
| Document: 0001193125-26-398574-index.html | 0001193125-26-398574 |
| Document: 0001193125-26-398574.txt | 0001193125-26-398574 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 21d ago | 8-K | $1.06 | awaiting T+20 | — | $0.5940 (−43.96%) |
Oct 6, 2026 21d ago | Press Release | $1.06 | awaiting T+20 | — | $0.5940 (−43.96%) |
Sep 30, 2026 27d ago | 8-K | $1.13 | awaiting T+20 | — | $0.5940 (−47.43%) |
Sep 23, 2026 4w ago | 8-K | $1.10 $0.6364 | ▼ −42.15% | ▼ −42.83% | $0.5940 (−46.00%) |
Sep 9, 2026 6w ago | 8-K | $1.19 $1.01 | ▼ −15.13% | ▼ −17.07% | $0.5940 (−50.08%) |
Aug 20, 2026 9w ago | 8-K | $1.34 $0.9800 | ▼ −26.87% | ▼ −26.87% | $0.5940 (−55.67%) |
Aug 14, 2026 10w ago | Press Release | $1.26 $1.02 | ▲ +19.05% | ▲ +17.06% | $0.5940 (+52.86%) |
Aug 14, 2026 10w ago | 8-K | $1.26 $1.02 | ▲ +19.05% | ▲ +17.06% | $0.5940 (+52.86%) |
Aug 7, 2026 11w ago | Press Release | $1.48 $1.18 | ▼ −20.27% | ▼ −19.87% | $0.5940 (−59.86%) |
Aug 5, 2026 11w ago | 8-K | $1.55 $1.11 | ▼ −28.39% | ▼ −27.79% | $0.5940 (−61.68%) |
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