POWERCOMPUTE, INC. (LMFA) Form 10-Q — Aug 14, 2026
PowerCompute, Inc. (formerly LM Funding America) reported a Q2 2026 net loss of $4.6 million versus net income of $0.1 million a year earlier, widening its first-half loss to $14.7 million from $5.3 million, driven by a $5.1 million Bitcoin fair-value loss and a $4.9 million loss on Galaxy loan collateral. Management disclosed that substantial doubt about the company's ability to continue as a going concern has not been alleviated, citing roughly $49.3 million of cumulative losses since 2024, only about $854 thousand of cash, and negative working capital.
Key figures
- Eps
- Q2 2026: -$5.26; H1 2026: -$16.99 (split-adjusted)
- Revenue
- Q2 2026: $2,116,584; H1 2026: $4,225,551
- Net Income
- Q2 2026: -$4,565,563 (vs +$60,500 in Q2 2025); H1 2026: -$14,681,105 (vs -$5,346,499 in H1 2025)
- Total Debt
- ≈$19.35M ($10.81M Galaxy master digital currency loan + $6.59M short-term notes + $1.95M long-term notes)
- Revenue Yoy
- Q2 +9.8% YoY; H1 -1.7% YoY
- Total Assets
- 37086717
- Cash Position
- 853788
- Bitcoin held
- 144.6
- Mining fleet
- ≈7,500 machines / 0.85 EH/s
- Atm program cap
- 75000000
- Working capital
- ≈ negative $0.1 million
- Arch collar loan
- $18.1M, 2.0% per annum, 30-day rolling, secured by 307 BTC
- Btc mined h1 2026
- 54.2
- Power capacity mw
- 26
- Reverse split ratio
- 1:25
- Warrants outstanding
- 1274412
- Atm remaining capacity
- ≈$74.2 million
- Bitcoin fair value usd
- 8447252
- H1 2026 operating cash use
- ≈$7.2 million
- Cumulative losses 2024 2026
- ≈$49.3 million
- Bitcoin receivable collateral
- 174 BTC ≈ $10.2M (pledged to Galaxy)
- Shares outstanding aug 11 2026
- 1794135
- Cost to mine per btc energy only q2
- 51118
Price after filing
Close on the filing date to close N calendar days later (from $1.26). Historical, not a forecast.
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