CoinScoopPowerCompute Repays Arch Lending Loan, Exits Leveraged Bitcoin Strategy
Bitcoin mining firm PowerCompute (Nasdaq: PWCM) has fully repaid its Bitcoin-collateralized credit line with Arch Lending. The settlement involved the sale of approximately 267.3 BTC to cover $22.45 million in principal, interest, and fees, with the remaining 39.6 BTC returned to the company. PowerCompute stated the move was a planned exit from its leveraged Bitcoin treasury strategy, reducing its secured debt to approximately $1.25 million and shifting its focus toward using Bitcoin for operational expenses and expansion.
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