PowerCompute repays $22.45M Arch Bitcoin-backed loan; secured debt cut 94% to ~$1.25M

LM FUNDING AMERICA, INC.

Arch sold ~267.3 of the 307 pledged Bitcoin at the Sept 24, 2026 reset to cover $21,892,132 principal, $118,582 accrued interest and a $440,122 fee; ~39.6 BTC (~$3.3M) returned.
Total secured debt fell from ~$19.4M at June 30, 2026 to ~$1.25M (~94%); the remainder is a single secured promissory note maturing December 31, 2026, none Bitcoin-backed.
PowerCompute held ~62 Bitcoin (~$5.2M at ~$84,500 per BTC) as of September 25, 2026; annual interest expense on remaining secured debt is ~$140 thousand.
Columbus, MS deployment across 3.5 MW of owned, unenergized capacity plus Calumet, OK fleet upgrades should lift hash rate from ~763 PH/s (Aug 31) to ~964 PH/s, up ~21%.
CEO Bruce M. Rodgers said the company will stop pursuing a leveraged Bitcoin treasury strategy and focus on its 26 MW of owned capacity (15 MW Calumet, 11 MW Columbus) at ~3.3 cents/kWh.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.