PowerCompute, Inc.（PWCM）のニュースとイベントPWCMPowerCompute, Inc.

PowerCompute Mined About 8.1 Bitcoin in September, Repaying $22.45M Debt

PowerCompute announced it mined about 8.1 bitcoin in September, up 37% from 5.9 vs. last year and up 2.7% from 7.9 in August. The company used 267.4 bitcoin to repay about $22.45M of principal and accrued interest under its Arch credit facility, paying it off in full and cutting total secured debt to $1.25M from $23.70M, with all pledged bitcoin collateral released. It held 63.7 bitcoin on September 30, down from 323.02 on August 31, valued at approximately $5.3M at roughly $83,900 per bitcoin, or about $2.11 per share. Energy sales during heat-related curtailment brought in about $89,000 in September and about $312,000 for the three months ended September 30. "We used bitcoin to retire debt rather than carry leverage," said Bruce Rodgers, chairman, CEO and president.

PowerCompute to Install 1,000 Miners in Oklahoma

PowerCompute announced progress on its fleet efficiency upgrade program. Key highlights: The Company anticipates it will install 1,000 additional Bitmain Antminer S19 XP miners at its Oklahoma facility by September 30, 2026; On September 22, 2026, the Company ordered 940 additional S19 XP miners to replace S19 units averaging 95 TH/s located in Mississippi; new unit ultimately relaces a machine producing 95 TH/s with a machine averaging 132 TH/s, an increase of nearly 39% per machine; The Company's total cost for the 1,000 units acquired in September and the 940 units on order is approximately $400,000; Beyond the refresh, the Company has up to 3 megawatts of additional energized capacity in Mississippi available for expansion, which would require additional infrastructure and capital.

Nasdaq to Invest $100M in Payward

As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the "Crypto Currents" weekly from The Fly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio.NASDAQ TO INVEST $100M IN PAYWARD:Nasdaqannounced Thursdaythe parent company of Kraken, including an agreement by Nasdaq Ventures to invest $100M, the continued advancement of the companies' work on the Nasdaq Equity Token framework, and a new market surveillance agreement. Nasdaq is partnering with Payward to support the continued evolution of tokenized market infrastructure while maintaining an issuer-centric approach grounded in strong governance, regulatory compliance, and market integrity. Nasdaq and Payward will continue to advance the operational and commercial infrastructure supporting Nasdaq Equity Tokens with an expectation to launch NETs in 2Q27. Earlier this year, Nasdaq announced plans to develop NETs and introduced an accompanying framework designed to connect them with Payward's xStocks ecosystem. The next phase of the collaboration will advance the global distribution, trading and post-trade capabilities needed to support the broader adoption of tokenized equities. As part of the expanded relationship, Payward will also adopt Nasdaq's surveillance technology across its portfolio of trading venues, including crypto, equities, tokenized equities, futures and options."The next era of market evolution will be defined by how efficiently and seamlessly capital and assets move across the financial system with durable liquidity," said Tal Cohen, President of Nasdaq. "Expanding our relationship with Payward reflects our conviction that the company can play an important role in building the infrastructure that supports this evolution. This partnership advances our work on Nasdaq Equity Tokens and helps build a more connected financial system while preserving the trust, transparency and integrity that underpin capital formation."CIRCLE TO ACQUIRE TAZAPAY:Circle Internet Groupannounced Tuesday it had signeda Singapore-headquartered B2B cross-border payments infrastructure company focused on serving payment service providers and financial institutions. The deal is expected to close in 2027, subject to customary closing conditions and receipt of regulatory approvals, including approval from the Monetary Authority of Singapore. Tazapay brings over $25B of annualized payment volume, more than 60 banking and fintech partners, local payout rails covering over 100 markets, adding scale to Circle's payments infrastructure. Approximately 60% of Tazapay's transaction volume already includes stablecoins."Stablecoin settlement is becoming core infrastructure in the global economy, and combining USDC with Tazapay's world-class banking relationships, local payout rails, and institutional customer base will accelerate worldwide USDC adoption," said Jeremy Allaire, Circle CEO. "Tazapay has been a design partner for Circle Payments Network since 2025 and we share a deep alignment. We are excited to bring the team in-house and work together towards accelerating Circle's mission."Keefe Bruyette initiated coverage of Circle Internet with a Market Perform rating and $105 price target. Circle is well positioned to benefit from continued stablecoin adoption through USDC and its regulatory, ecosystem, and network advantages, while its larger payments and financial infrastructure opportunities offer significant but more speculative upside, the analyst said.Additionally, Clear Street said it views the deal as the "mirror image" of Mastercard's$1.8B BVNK acquisition in March. The deal roughly doubles the volume footprint of Circle's payments business at close, the analyst said. Clear views the $400M in stock deal price as "disciplined." It keeps a Buy rating on Circle Internet with a $107 price target.COINBASE, MOOV PARTNER FOR STABLECOIN PAYMENTS, CUSTODY:On Thursday, Coinbaseannounced it is, settlement, and real-time funding to Moov's growing customer base of more than 1,000 community banks and credit unions, combining Coinbase's regulated digital asset infrastructure with Moov's existing payments platform. Through this partnership, Moov is integrating Coinbase's stablecoin payments infrastructure into its existing payments platform, giving financial institutions a path to add stablecoin capabilities without building a separate crypto technology stack from scratch. Using CDP's Custodial Wallet accounts for fund custody and the Payments API to orchestrate stablecoin movement, Moov can embed crypto rails directly into its existing product."Community banks and credit unions have witnessed their customers use digital assets for years. Through our partnership with Moov, Coinbase is delivering the regulated infrastructure they need to offer these services directly embedded right into their existing systems. Modern tech should meet local institutions where they are, giving them the tools to compete with the largest players while preserving what makes them trusted pillars of their communities," said Ryan VanGrack, Vice Chair and Head of Corporate Affairs.The company also announced Wednesday it is rolling out a new way for customers in Brazil to earn more on the USDC they already hold by integrating Morpho. Users can deposit their USDC and put it to work onchain, where it accrues rewards until withdrawn with no lock-up required.Additionally on Wednesday, ION announced that Coinbase has selected ION's XTP for Event Contracts to support event contract clearing for Kalshi. Event Contracts is ION's latest extension to its flagship XTP solution, offering a fully automated, real-time platform for the creation, resolution, and settlement of event-based contracts.Goldman Sachs raised the firm's price target on Coinbase to $219 from $196 and kept a Buy rating on the shares.Meanwhile, Morgan Stanley initiated coverage of Coinbase with an Equal Weight rating and $250 price target. The company's scale, liquidity, regulatory infrastructure and product breadth position it to remain a central access and infrastructure provider as digital assets move further inside the regulated financial system, the analyst said. Morgan Stanley sees "meaningful strategic value" in Coinbase's positioning and believes the company is positioned to participate as crypto and traditional finance converge. However, the company's earnings profile remains highly cyclical, while incremental growth increasingly comes from businesses that are less proven, added the firm.CANTOR RAISES PRICE TARGETS ON CRYPTO NAMES:Cantor Fitzgerald raised the firm's price target on Bitmine Immersiontoand kept an Overweight rating on the shares. The price target increase reflects recent momentum in the crypto markets, the analyst said. While the firm is "mindful" of potentially choppy price action in the months ahead, the current bear-market drawdown will likely have bottomed by October 2026, Cantor said.The firm also raised its price target on Forward IndustriestoHyperliquid Strategiesto, Cypherpunk Technologiesto, DeFi DevelopmenttoHyperion DeFito, Metaplanetto, SharpLink GamingtoSol Strategiestoand SUI GrouptoThe analyst kept an Overweight rating on the names.Additionally, Bitmine announced Tuesday Bitmine crypto, total cash and marketable securities and "moonshots" holdings totaling $15.7B. As of September 7, the company's crypto holdings are comprised of 5,929,198 ETH at $2,495 per ETH, 211 BTC, $180M stake in Beast Industries, $91M stake in Eightco Holdingsand total cash & marketable securities of $593M.CANAAN REPORTS EARNINGS:On Tuesday, Canaan Inc.reportedwhich compared to analysts' consensus of loss per share of (15c) and revenue of $31.2M. The company also guided to Q3 revenue of $11M-$15M.Nangeng Zhang, CEO, commented, "Q2 2026 presented a difficult period for bitcoin mining, as renewed bitcoin price pressure, weaker mining economics, and seasonal power constraints weighed on equipment demand and profitability. Our team responded by staying close to customers, matching production to demand, and protecting liquidity. We generated $31.9M in total revenue with 2.5 EH/s of computing power sold during the second quarter. Our mining operations produced 243 bitcoins and continued to generate positive cash contribution before depreciation, supported by competitive power economics, while our digital asset treasury reached a record 1,915 BTC and 3,952 ETH at quarter-end. Beyond revenue generation, we kept our inventory lean, tightened spending and cash-flow management, and further streamlined our organization."BTIG lowered the firm's price target on Canaan to $2 from $3 and kept a Buy rating on the shares. The Q2 results were materially weaker than expected as declining BTC prices drove a sharp drop in mining-rig demand, sales volumes, and ASPs, while management's sharply lower Q3 revenue guidance signals continued pressure on the hardware business, the analyst said.Rosenblatt lowered the firm's price target on Canaan to 75c from $1.30 and kept a Buy rating on the shares. The firm said bitcoin market headwinds and ongoing repurposing of industry capacity toward high-performance compute colocation are weighing on demand for bitcoin mining rigs. As a result, Canaan's product revenue declined 70% quarter over quarter, the analyst said. However, Rosenblatt still sees meaningful operating leverage in Canaan's earnings model should bitcoin prices recover.OTHER CRYPTO NEWS:Strategymakesreports USD reserve of $5.1B as of September 7, price target raised to $179 from $175 at CanaccordStrivepurchasesas of September 4BVNK, Marqetapartner toMastercard launchesBitGoconnectsGalaxy Digitalreceiveslarge load interconnection processSecuritizeinitiatedH.C. Wainwright assumes Bit Digital, Mara HoldingswithTeraWulfinitiatedIrenSweetwater HubSoluna HoldingsenergizesAGM Groupentersto develop desktop nodeVisabringsGeminiprice target raisedU.S. BanklaunchesPowerComputeminesBTC Digitalannounceswith TianciCleanSparkreportsBlockapplies toCRYPTO STOCK PLAYS:Publicly traded companies in the space include Bit Digital, Coinbase, Core Scientific, Mara Holdings, Strategy, Riot Platformsand TeraWulf.PRICE ACTION:As of time of writing, bitcoin dropped roughly 2% this week to $77,469 in U.S. dollars, according to CoinDesk.