LM Funding America, Inc
PowerCompute, Inc. is a U.S.-based digital-asset and computing infrastructure company operating Bitcoin treasury, Bitcoin mining, and specialty finance businesses. It also provides GPU-based high-performance computing and artificial intelligence infrastructure services, using power and data-center assets to support computational workloads.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueComputational infrastructure validates transactions and earns Bitcoin rewards.
GPU-based computing capacity is supplied for high-performance workloads.
Finance activities provide lending and related specialty financial services.
Customers
Bitcoin mining generates revenue through participation in the Bitcoin network rather than through traditional contracted customers. HPC and AI infrastructure services target hyperscalers, cloud-computing platforms, and other organizations requiring GPU capacity. Specialty finance activities serve borrowers and counterparties requiring structured funding, while custodians and other financial counterparties support treasury operations.
The company earns Bitcoin rewards by contributing mining capacity to network validation.
Organizations purchase GPU computing capacity for model training, inference, and other intensive workloads.
Large infrastructure providers may use external GPU capacity to supplement internal data-center resources.
Borrowers use specialty finance products to obtain funding for operating or investment needs.
Custodians, lenders, and capital-market counterparties support Bitcoin holdings and financing activities.
Strategy
PowerCompute is maintaining Bitcoin mining and treasury operations while developing GPU-based HPC and AI infrastructure around approximately 26 MW of controlled power capacity. The strategy seeks to use existing energy and data-center assets across multiple computing markets, with potential expansion through additional GPUs, hosting agreements, leasing arrangements, and joint ventures.
GPU workloads may diversify the company beyond Bitcoin-linked revenue.
Mining provides an existing operating activity while newer infrastructure is developed.
Treasury holdings provide direct exposure to Bitcoin appreciation and liquidity.
Additional power, GPUs, and facility upgrades are required to support larger workloads.
Geography
PowerCompute is headquartered and publicly listed in the United States, with reported operations centered on U.S.-based corporate, mining, financing, and computing infrastructure activities. The available reports do not disclose a country-level revenue split, so geographic revenue concentration cannot be quantified from the supplied information.
Risks
The company is exposed to Bitcoin-price volatility through both mining economics and its concentrated Bitcoin treasury, while mining profitability also depends on energy prices, network conditions, and equipment efficiency. Its HPC and AI expansion carries execution, customer-demand, procurement, and capital-investment risks because the company has limited operating history in GPU infrastructure. Financing, counterparty, employee, internal-control, and broader capital-market risks can further affect liquidity, operations, and reported results.
- Bitcoin price and market volatilityImpact: CriticalLikelihood: Medium
Treasury holdings and mining revenue are directly linked to Bitcoin prices and liquidity.
Exposure: Bitcoin treasury and mining operations
- Counterparty and financing riskImpact: HighLikelihood: High
Custodian failures, collateral arrangements, interest rates, or limited capital access could impair operations.
Exposure: Bitcoin custody and debt financing
- Mining power economicsImpact: HighLikelihood: Medium
Higher electricity prices or lower Bitcoin value can make mining uneconomic and increase curtailment.
Exposure: Mining facilities and energy contracts
- HPC and AI execution riskImpact: HighLikelihood: Medium
Facility conversion requires technical expertise, capital, qualified staff, and suitable customer contracts.
Exposure: GPU infrastructure expansion
- Uncertain HPC and AI demandImpact: HighLikelihood: Medium
Customer demand depends on AI investment, cloud-provider behavior, technology changes, and regulation.
Exposure: GPU-as-a-service revenue
- Equipment supply-chain restrictionsImpact: HighLikelihood: Medium
Tariffs, export controls, and foreign manufacturing dependencies may increase costs or delay deployments.
Exposure
Accounting
Judgemental itemsThe concentrated Bitcoin treasury can cause reported earnings and asset values to change materially with market prices.
Impact: Net income, assets, and equity volatility
Mining hardware is depreciated over its useful life, affecting operating costs and asset values.
Impact: Operating income and carrying value of equipment
Obsolescence, market conditions, or facility conversion can require write-downs or disposal losses.
Impact: Operating expenses and non-cash losses
GPU, power, cooling, and facility investments may be capitalized and later depreciated or impaired.
Impact: Assets, depreciation, and future earnings
Capacity sold under demand pricing can produce period-to-period revenue variability.
Impact: Revenue timing and comparability
Warrant modifications may create amounts attributable to common shareholders without corresponding operating activity.
Impact: Income attributable to common shareholders
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Last updated: 24/09/2026