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PowerCompute Mines 8.1 Bitcoin In September After Using BTC To Slash Debt
NewsBTC ·
NewsBTC reports: TL;DR: PowerCompute mined 8.1 BTC in September, up 37% from a year earlier. Its month-end Bitcoin holdings fell to 63.7 BTC after the company used 267.4 BTC to help retire a $22.45 million Bitcoin-backed credit facility, leaving most of its secured debt eliminated. PowerCompute’s latest mining update is a useful reminder that a corporate Bitcoin treasury can serve more than one purpose. The Nasdaq-listed miner produced 8.1 BTC in September, a 37% increase from the 5.9 BTC…