PowerCompute reported higher Bitcoin production in October as it upgraded its mining fleet on its existing power supply. The company mined 9.0 Bitcoin, up 20% from a year earlier and 11.1% from September, while active hashrate rose to about 800 PH/s from 718 PH/s.
The update also covered Bitcoin sales and holdings, revenue from selling power during periods when mining was less economic, and the company’s approach to funding its equipment refresh.
Key details
- Production increased: PowerCompute mined 9.0 Bitcoin in October, compared with 7.5 in October 2025 and 8.1 in September 2026.
- Hashrate rose without more power capacity: Active hashrate reached about 800 PH/s at October 31, up 11.4% from about 718 PH/s a month earlier. The company attributed the increase to installing approximately 900 more-efficient miners on its existing 26 megawatts of power.
- The company sold 7 Bitcoin: October production exceeded sales by 2 Bitcoin. Holdings ended the month at 65.7 Bitcoin, up from 63.7 at the end of September.
- Holdings were valued at about $5.1 million: Using a Bitcoin price of approximately $77,000 at October 31, PowerCompute put the value of its holdings at roughly $2 per outstanding common share. The company had 2,535,061 shares outstanding.
- Power sales generated about $46,000: At its Oklahoma site, PowerCompute sold energy to the grid during periods when the value of selling power exceeded the value of using it to mine Bitcoin.
- The company said it is funding the equipment refresh without new debt: CEO Bruce M. Rodgers said the refresh is being funded with Bitcoin and cash on hand. In October, the company did not apply Bitcoin to debt repayment; in September, it had applied 267.4 Bitcoin to debt.
Plain-English implications
The October figures show PowerCompute producing more Bitcoin while using the same stated power capacity, following its miner upgrades. The company is also balancing mining against power sales when grid prices make selling electricity more valuable. The update reports monthly operating results; it does not provide a new target for future production or a timeline for expanding capacity.