PowerCompute uses 307 BTC to refinance $18M debt through Arch Lending

PowerCompute has refinanced and consolidated $18 million of existing debt into a Bitcoin-backed credit facility using 307 BTC as collateral, lowering its borrowing cost while keeping its Bitcoin treasury intact. Summary PowerCompute has refinanced $18 million of debt through a Bitcoin backed credit facility using 307 BTC as collateral. The new loan replaces three existing facilities and lowers the initial interest rate to about 2% APR. The company said the refinancing lets it reduce borrowing costs without selling its Bitcoin holdings. The facility renews every 30 days with pricing reset according to market conditions. The refinancing comes as more companies use Bitcoin backed lending to unlock capital while retaining treasury exposure. According to a press release issued by PowerCompute on Wednesday, the Nasdaq-listed Bitcoin treasury and mining company completed the refinancing through a new facility from Arch Lending after first signing an agreement on July 27 and using a short-term bridge loan to combine its three outstanding loans before moving into the final structure on Aug. 3. The transaction replaces an $11 million loan from Galaxy Digital, a $5 million loan from SE and AJ...