other material
confidence high
sentiment positive
materiality 0.55
PowerCompute lifts Columbus, Mississippi power to 11 MW, dodging TVA's $1.5M/MW data center capacity charge
LM FUNDING AMERICA, INC.
- US Digital Mining Mississippi signed a Columbus Light and Water power contract effective Oct 1, 2026 raising site demand from 8.5 MW to 11 MW; term ends Sept 16, 2030, with a five-year renewal.
- Move to CLW's Large Data Service Rate, Schedule DCB, avoids TVA's ~$1.5M per MW Capacity Commitment Rider; no charge was assessed on any of the 11 MW.
- Columbus Light and Water returns the company's $300,000 deposit, replaced by a utility bond; no capital contribution required, with cash redirected to Columbus capacity buildout.
- Columbus site holds ~2,373 Antminer machines and ~205 PH/s as of Sept 30, 2026; company operates 26 MW total — 15 MW at Calumet, Oklahoma and 11 MW at Columbus.
- After repaying and terminating its Bitcoin-backed credit facility on Sept 30, 2026, PowerCompute said it will no longer pursue a leveraged Bitcoin treasury strategy.