Bitcoin miner gambles on a 4-day bridge loan equal to 97% of its BTC treasury value – the deadline passed without in total silence

NewsMon, 03 Aug 2026 07:45:31 UTC12 hours ago

PowerCompute, a Bitcoin miner expanding into high-performance computing, disclosed that its US Digital subsidiary borrowed about $18.07 million from Arch Lending under two bridge notes signed July 27.

The notes had a listed July 31 maturity, four days after signing, and permitted payment until 5 p.m. ET on Aug. 1. The proceeds were intended to fund repayment in full of Galaxy Digital and Liebel debt while PowerCompute finalized an anticipated Bitcoin-secured term facility.

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The disclosure landed on the listed maturity date with the term facility's documents still being finalized. As of press time, PowerCompute's live SEC submissions feed showed no filing after the July 31 8-K, while its investor-relations release feed showed no press release after July 29.

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Bitcoin miner gambles on a 4-day bridge loan equal to 97% of its BTC treasury value – the deadline passed without in total silence

Hut 8 AI landlord data center strategy turns Bitcoin collateral into bridge capital

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