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PowerCompute Announces August 2026 Production and Operational Update

Bitcoin holdings of 323 BTC valued at approximately $25.2 million as of August 31, 2026

Captured approximately $132,000 in energy sales from curtailment during the month

TAMPA, FL, September 9, 2026 — PowerCompute, Inc. (Nasdaq: PWCM) (“PowerCompute” or the “Company”), a Bitcoin treasury and mining company expanding into high-performance computing (“HPC”) and artificial intelligence (“AI”) infrastructure, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended August 31, 2026.

Metric

August 2025

July 2026

August 2026

- Bitcoin1

- Mined, net

5.8

7.9

7.9

- Sold

9.0

11.1

-

- Purchased

164.0

-

-

- Service Fee

-

-

-

- Bitcoin HODL

311.2

315.1

323.02

“August production of 7.9 Bitcoin was consistent with July, reflecting continued seasonal heat-related curtailment at our Oklahoma and Mississippi sites, which is typical for this time of year,” said Bruce M. Rodgers, Chairman, Chief Executive Officer and President of PowerCompute. “That curtailment generated approximately $132,000 in energy sales during the month, equivalent to approximately 1.7 Bitcoins at the August 31 Bitcoin price. This brought our total energy sales to approximately $223,000 over the past two months. Our ability to monetize our power when it is most valuable to the grid is precisely the flexibility that owning our infrastructure gives us.”

The Company estimates that the value of its 323 Bitcoin holdings on August 31, 2026 was approximately $25.2 million, based on a Bitcoin price of approximately $78,000 as of that date. Of these holdings, 307 Bitcoin are pledged as collateral under the Company's Arch credit facility, against which approximately $21.9 million was outstanding as of August 31, 2026. The remaining 16 Bitcoin are unencumbered.The Company had 2,421,472 shares of common stock outstanding as of August 31, 2026.

“We are continuing our Bitcoin miner refresh, ordering approximately 1,000 miners to replace older S19j Pro units rated at 100 TH/s or below,” said Richard Russell, Chief Financial Officer of PowerCompute. “The new machines are expected to be energized by September 30, 2026. Once online, we estimate our active hash rate will increase by approximately 7%, to a forecasted 825 PH/s from 771 PH/s as of June 30, 2026, on newer and more efficient hardware.”

1Unaudited

2Includes 307 BTC held for Arch loan facility

About PowerCompute

PowerCompute, Inc. (Nasdaq: PWCM) is a Bitcoin treasury and mining company expanding into high-performance computing and artificial intelligence infrastructure. Founded in 2008 and headquartered in Tampa, Florida, the Company operates 26 megawatts of wholly-owned power infrastructure across facilities in Oklahoma and Mississippi. The Company also operates a technology-enabled specialty finance business providing funding to nonprofit community associations primarily in the State of Florida. For more information, please visit https://www.power-compute.com.

Forward-Looking Statements

This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company’s most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, the volatility of Bitcoin and other cryptocurrency prices, risks related to the use of Bitcoin as collateral for the Arch Facility, including the requirement to post additional collateral if the value of Bitcoin declines, our ability to satisfy the terms and conditions of the Arch Facility or to extend such loans on satisfactory terms, our ability to successfully enter and operate in the high-performance computing and AI infrastructure business, the availability and cost of GPU and related infrastructure equipment, the timely delivery, installation and energization of newly ordered mining equipment and our ability to realize anticipated increases in hash rate, competition in the HPC and AI compute market, our ability to finance our site acquisitions and cryptocurrency mining operations, the risks of operating in the cryptocurrency mining business and our ability to grow that business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, and our ability to identify and acquire additional mining sites. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business,

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PowerCompute Announces July 2026 Production and Operational Update

Bitcoin treasury as of July 31, 2026 was 315.1 BTC valued at $20.2 million

Captured $91,000 in curtailment and energy sales revenue during the month

TAMPA, FL, August 20, 2026 — PowerCompute, Inc. (NASDAQ: PWCM) (“PowerCompute” or the “Company”), a Bitcoin treasury and mining company expanding into high-performance computing (“HPC”) and artificial intelligence (“AI”) infrastructure, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended July 31, 2026.

Metric

July 2025

June 2026

July 2026

- Bitcoin1

- Mined, net

5.9

8.7

7.9

- Sold

11.0

13.1

11.1

- Purchased

-

-

-

- Service Fee

-

-

-

- Bitcoin HODL

150.4

318.3

315.12

"July production of 7.9 Bitcoin reflected seasonal heat-related curtailment at our Oklahoma and Mississippi sites, which is typical for this time of year," said Bruce M. Rodgers, Chairman, Chief Executive Officer and President of PowerCompute. "That same curtailment generated approximately $91,000 of energy sales revenue during the month, and the ability to monetize our power when it is most valuable to the grid is precisely the flexibility that owning our infrastructure gives us.

Rodgers concluded, "We reduced Bitcoin sales month over month while maintaining treasury holdings above 315 Bitcoin. Our focus now is on converting owned, low-cost, energized power into higher-value compute, and we look forward to updating shareholders as that work progresses."

The Company estimates that the value of its 315.1 Bitcoin holdings on July 31, 2026, was approximately $20.2 million, based on a Bitcoin price of approximately $64,000 as of July 31, 2026. This total Bitcoin value has subsequently increased as of August 19, 2026, to approximately $21.5 million based on Bitcoin price of $68,200 as of that date.

The Company periodically sells Bitcoin from its treasury to fund operations and strategic initiatives. Proceeds from Bitcoin sales are reported as cash flows from investing activities in the Company's consolidated financial statements. Subsequent to the end of the month, in August,

1Unaudited

2Includes 307 BTC held for loan facility

the Company refinanced and consolidated approximately $18 million of debt into a single facility with Arch Lending secured by Bitcoin from its treasury, which allows the Company to use its Bitcoin as collateral rather than sell holdings to service that debt.

About PowerCompute

PowerCompute, Inc. (Nasdaq: PWCM) is a Bitcoin treasury and mining company expanding into high-performance computing and artificial intelligence infrastructure. Founded in 2008 and headquartered in Tampa, Florida, the Company operates 26 megawatts of wholly-owned power infrastructure across facilities in Oklahoma and Mississippi. The Company also operates a technology-enabled specialty finance business providing funding to nonprofit community associations primarily in the State of Florida. For more information, please visit https://www.power-compute.com.

Forward-Looking Statements

This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company’s most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, the volatility of Bitcoin and other cryptocurrency prices, risks related to the use of Bitcoin as collateral for the Arch Facility, including the requirement to post additional collateral if the value of Bitcoin declines, our ability to satisfy the terms and conditions of the Arch Facility or to extend such loans on satisfactory terms, our ability to successfully enter and operate in the high-performance computing and AI infrastructure business, the availability and cost of GPU and related infrastructure equipment, competition in the HPC and AI compute market, our ability to finance our site acquisitions and cryptocurrency mining operations, the risks of operating in the cryptocurrency mining business and our ability to grow that business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, and our ability to identify and acquire additional mining sites. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.

Investor and Media Contact

KCSA Strategic Communications

Philip Carlson

pwcm@kcsa.com

212-8

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PowerCompute Reports Second Quarter 2026 Financial Results

Agreement with Vast.ai Marks the Company's Entry into the HPC and AI infrastructure Market

Revenues Increased 9.8% Year-Over-Year; Mined 27.9 Bitcoin in the Second Quarter of 2026

Subsequent to Quarter End, the Company Strengthened Its Balance Sheet by Refinancing $18 Million of Debt through New Debt Facility with Arch Lending, Significantly Lowering Interest Costs

TAMPA, Fla., August 14, 2026 -- PowerCompute, Inc. (NASDAQ: PWCM) (“PowerCompute” or the “Company”), a Bitcoin treasury and mining company expanding into high-performance computing (“HPC”) and artificial intelligence (“AI”) infrastructure, today reported financial results for the three and six months ended June 30, 2026.

Q2’26 Financial Results

• Total revenue for the quarter ending June 30, 2026 was $2.1 million, in line with Q1 2026 and up 9.8% year-over-year. The year-over-year increase reflects an increase in the number of miners actively mining and decreased difficulty rate offset in part by a decrease in Bitcoin price.

• The Company mined 27.9 Bitcoin during the second quarter at an average Bitcoin value of approximately $72,000, compared to 26.1 Bitcoin in Q1 2026 at an average Bitcoin value of approximately $75,700 and 18.4 Bitcoin in Q2 2025 at an average Bitcoin value of approximately $98,000. The increase in Bitcoin mined was attributable to an increase in the number of miners actively mining.

• Mining margin for the current quarter was 29.0% compared to a margin of 41.0% in Q2 2025. The Company generated approximately $145,000 in curtailment and energy sales for the 2026 second quarter as compared to $223,000 in Q2 2025. The decrease is primarily due to an approximately 27% decline in Bitcoin prices for Q2 2026 vs Q2 2025. Mining margin is calculated as digital mining revenues minus digital mining cost of revenues net of curtailment and energy sales.

• The Company incurred a $1.3 million negative fair market value adjustment on mined digital assets due to Bitcoin price at approximately $58,400 on June 30, 2026, as compared to approximately $107,250 June 30, 2025. The Company also incurred a $1.7 million negative fair market value adjustment on Digital (Bitcoin) accounts receivable in Q2 2026.

• As of August 9, 2026, the Company’s June 30, 2026 318.6 Bitcoin holdings (inclusive of Bitcoin held by Galaxy holdings) would be valued at approximately $20.7 million, based on a Bitcoin price of approximately $65,000 as of August 9, 2026.

• Net loss for the second quarter of 2026 was approximately $4.6 million, and Core EBITDA loss was approximately $2.8 million, compared with Q2 2025 net income of $0.1 million and Core EBITDA income of $2.6 million with the change being driven primarily by the $3 million in losses associated with the decrease in Bitcoin price in Q2 2026 versus the $3.8 million gain in the prior year quarter.

• As of June 30, 2026, cash was approximately $0.9 million, and Bitcoin holdings totaled 318.6 Bitcoin, which includes 174 Bitcoin held by Galaxy Digital as collateral in a Digital assets receivable account. The total of the holdings was valued at approximately $18.6 million, based on a Bitcoin price of approximately $58,400 as of June 30, 2026.

Q2’26 and Recent Operational Highlights

• Announced strategic expansion into HPC and AI infrastructure, leveraging the Company’s 26 MW of wholly-owned power infrastructure.

• Rebranded and renamed the Company to PowerCompute, Inc. (Nasdaq: PWCM). Effective on July 22, 2026, the Company began trading under the name and new ticker, to better align the Company identity with its expanded focus on delivering HPC and AI infrastructure alongside Bitcoin mining.

• Entered into an agreement with Vast.ai (“Vast”) to utilize its graphics processing unit (“GPU”) compute marketplace to monetize and launch a proof-of-concept study for the Company’s professional-grade GPUs located at its Oklahoma facility.

• Refinanced and consolidated the Company’s three existing $18 million debt facilities in the third quarter through a new debt facility with Arch Lending (the “Arch Facility”), that utilizes 307 Bitcoin (“BTC”) from the Company’s treasury as collateral. The new Bitcoin industry collateral loan with Arch utilizes a revolving 30-day term that carries an interest rate of approximately 2% APR, compared to 12% on the prior loans, substantially lowering the Company's cost of debt and strengthening its capital structure.

Management Commentary

"During the second quarter we made the decision to expand our strategic direction into HPC and AI infrastructure," said Bruce Rodgers, Chairman, President and Chief Executive Officer of PowerCompute. "Our power-first approach remains our central advantage: we own 26 megawatts of energized, low-cost capacity today, and greenfield power takes years to replicate. Our work now is converting that advantage into contracted compute revenue.

"Our pr