The contract locks in favorable TVA data center tariff treatment through 2030, removing a material cost risk for the Columbus site. With the Bitcoin-backed credit facility repaid and this power cost advantage secured, monitor the company's ability to deploy the returned deposit and working capital toward hash rate expansion (targeting 964 PH/s) and HPC/AI capacity development.
Price Chart
Executive Summary
PowerCompute subsidiary executed a new power contract with Columbus Light and Water, increasing contracted demand at its Mississippi site from 8.5 MW to 11 MW and moving to TVA's new data center rate (Schedule DCB), which exempts the site from the ~$1.5M/MW capacity commitment charge. The utility also returned a $300,000 deposit, replaced by a bond, freeing cash for capacity buildout. This contract secures favorable tariff treatment and incremental power without capital outlay, supporting the company's pivot from leveraged Bitcoin treasury to infrastructure-focused strategy.
Key Facts
- Contracted power at Columbus site increased from 8.5 MW to 11 MW effective October 1, 2026.
- Site moved to TVA's Large Data Service Rate (Schedule DCB), avoiding the ~$1.5M/MW capacity commitment charge on the full 11 MW.
- Columbus Light and Water returned the company's $300,000 deposit, replaced by a utility bond; cash to be applied toward capacity buildout.
- No capital contribution required from PowerCompute for the power increase.
- Columbus site holds ~2,373 Antminer machines with ~205 PH/s hash rate as of September 30, 2026.
- Contract runs through September 16, 2030.
- On-peak demand and operating practice unchanged; company continues to curtail during on-peak hours.
- Total operating capacity across both sites is 26 MW (15 MW Oklahoma, 11 MW Mississippi).
Financial Impact
Avoided capacity commitment charge of ~$1.5M per MW on 6 MW (above first 5 MW) = ~$9M in potential annual charges avoided; $300,000 deposit returned to working capital.
Risk Factors
- TVA tariff changes or reclassification could reintroduce capacity charges in future fiscal years.
- Ability to energize remaining power capacity and achieve hash rate targets depends on equipment availability and tariff costs on imported miners.
- Bitcoin price volatility and network difficulty changes could impact mining profitability despite power cost advantage.
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3375479 |
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%) |
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