PowerCompute, a Bitcoin treasury and mining company, added $3.765 million to its debt after an early Bitcoin collar reset involving 307 BTC. The executed schedule records the unwind cost as added principal rather than cash or USDC.
The company’s Aug. 28 filing disclosed a $21,892,131.88 replacement 30-day collar balance with Arch Lending, up from $18,127,131.88. The facility remains secured by 307 BTC, but its annual interest rate rose from 2% to 6.5%.
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How the Bitcoin collar reset raised principal
PowerCompute’s borrowing subsidiary, US Digital Mining and Hosting Co., elected to add the unwind cost to the balance. The annex says the cost was agreed in place of any separate excess-appreciation settlement for the terminated period.
The prior collar began Aug. 3 and was due to reset
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