POWERCOMPUTE, INC. (LMFA) Form 8-K — Aug 28, 2026
PowerCompute, Inc. (LMFA) disclosed that on August 25, 2026 its wholly owned subsidiary US Digital Mining and Hosting Co, LLC borrowed $21,892,131.88 from ChainFi Inc. d/b/a Arch Lending under a new non-recourse, collared 30-day loan facility secured by 307 Bitcoin and bearing 6.5% annual interest. Approximately $18.1 million of the proceeds retired the previously disclosed August 3, 2026 Arch loan, and the remaining $3.765 million funded the collar feature on that earlier loan, which carried a Bitcoin collar ceiling of $66,370.
Key figures
- Interest Rate
- 6.5% per annum
- Rollover
- automatic successive 30-day periods unless either party gives notice of non-renewal; rate, floor, ceiling and barrier reset at each rollover
- Collateral btc
- 307
- Loan structure
- non-recourse, collared, Bitcoin-secured loan
- Loan term days
- 30
- Floor price btc usd
- 71112
- Collateral custodian
- Anchorage Digital Bank, N.A.
- Barrier price btc usd
- 93500
- Ceiling price btc usd
- 75000
- Prior loan payoff usd
- 18100000
- August 3 loan collar ceiling usd
- 66370
Price after filing
Close on the filing date to close N calendar days later (from $1.23). Historical, not a forecast.
AI analysis
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