PowerCompute Q3 2026 net income swings to $387,729 from year-earlier loss
PWCM•PowerCompute reported third-quarter net income attributable to common shareholders of $373,728, compared with a year-earlier loss, while revenue fell 13% to $1.89 million. The company said secured debt was $1.25 million at September 30 and a November purchase of 600 miners is expected to increase active hashrate by about 10%.
1. Quarterly results
PowerCompute swung to third-quarter 2026 net income attributable to common shareholders of $373,728 from a year-earlier loss, helped by fair-value gains. Revenue fell 13% year over year to $1.89 million, while operating costs and expenses dropped 51% to $2.8 million, primarily reflecting lower staff costs and depreciation and amortization.
2. Debt and miners
Secured debt fell 94% from June 30 to $1.25 million at September 30, with no Bitcoin pledged. A November purchase of 600 miners is expected to increase active hashrate by about 10%, with deployment planned by mid-December 2026.
