November 13, 20261 min read0 views

PowerCompute Expects 600 New Bitcoin (BTC) Miners to Lift Hash Rate by 10%

PowerCompute, Inc. expects 600 new S21++ miners to raise its Bitcoin (BTC) mining hash rate by about 10%, bringing it to roughly 880 petahashes per second (PH/s) by mid-December.

The company paid cash for the machines in November. They are expected to add 80–85 PH/s to its hash rate.

PowerCompute’s third-quarter BTC production rose 36% year over…

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PowerCompute, Inc. expects 600 new S21++ miners to raise its Bitcoin (BTC) mining hash rate by about 10%, bringing it to roughly 880 petahashes per second (PH/s) by mid-December.

The company paid cash for the machines in November. They are expected to add 80–85 PH/s to its hash rate.

PowerCompute’s third-quarter BTC production rose 36% year over year. Its mining margin after curtailment and energy sales was 50.7%, compared with 29% in the second quarter.

Secured debt remained about 94% below June levels. In September, PowerCompute used Bitcoin holdings to repay an Arch credit facility, bringing secured debt to $1.25 million in a September debt reduction.