PowerCompute reports Q2 2026 revenue growth and AI market entry

PowerCompute, Inc. has reported its financial results for the second quarter of 2026, highlighting a strategic expansion into the high-performance computing (HPC) and artificial intelligence (AI) infrastructure markets through an agreement with Vast.ai.

The company reported total revenue of $2.1 million for the quarter ending June 30, 2026, representing a 9.8% increase year-over-year. During this period, the company mined 27.9 Bitcoin at an average value of approximately $72,000 per coin. While the volume of Bitcoin mined increased due to a higher number of active miners, the mining margin decreased to 29.0% from 41.0% in the same quarter of the previous year, partly due to a decline in Bitcoin prices.

Following the end of the quarter, PowerCompute strengthened its balance sheet by refinancing $18 million of debt through a new facility with Arch Lending, which the company stated would significantly lower interest costs.