{
  "id": 210786,
  "title": "Bitcoin-backed loan refinances PowerCompute’s $18M debt at 2%",
  "url": "https://urgent.news/2026/08/06/bitcoin-backed-loan-refinances-powercomputes-18m-debt-at-2",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-06T07:56:34.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/bitcoin-collateral-cuts-powercompute-debt-rate"
  },
  "original_language": "en",
  "account": "PowerCompute, a Nasdaq-listed Bitcoin mining company, has refinanced $18 million of debt through a new Bitcoin-backed credit facility with Arch Lending. The company pledged 307 Bitcoin from its treasury as collateral for the initial interest rate of approximately 2% APR. This new facility replaced PowerCompute's previous loans from Galaxy Digital, SE and AJ Liebel, and Liebel for a total of $18 million. The new facility initially carries a lower interest rate compared to the 12% APR on the Liebel loans, totaling $7 million. The interest rate on the new facility is reset at each 30-day rollover based on prevailing market conditions. PowerCompute may need to post additional collateral if Bitcoin's price declines.",
  "summary": "Nasdaq-listed PowerCompute refinanced $18 million of debt through a Bitcoin-backed facility carrying an initial interest rate of about 2%.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}