Markets· ★★· neutral·

PowerCompute mines 8.1 BTC, cuts secured debt to $1.25M

  • —September production was 8.1 BTC, up 37% Y/Y and 2.7% from August
  • —267.4 BTC worth ~$22.45M used to fully repay the Arch credit facility
  • —Secured debt reduced from $23.7M to $1.25M
Why it matters: Using mined coins to retire debt lowers the miner's leverage risk but adds to BTC sell-side supply.
#BTC
Source: Seeking Alpha Crypto
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