CoinScoopPowerCompute Repays Bitcoin-Backed Loan and Exits Leveraged Treasury Strategy
Bitcoin miner PowerCompute (Nasdaq: PWCM) has fully repaid its credit facility with Arch Lending. The settlement involved the sale of approximately 267.3 BTC from its collateral to cover $22.45 million in debt. The company stated it is exiting its leveraged Bitcoin treasury strategy and will use remaining BTC as working capital.
Summaries are written by AI from the original article. Not investment advice.