PowerCompute

PowerCompute, Inc.

Treasury Qualification

Treasury classificationBitcoin Miner with Strategic Holdings

Qualification tierPending qualification

Directory statusNeeds Review

Ownership statusHistorical-only: 144.6 verified attributable BTC at June 30, 2026 comprises 12.8 unencumbered and 131.8 retained owned pledged BTC. The separate 174-BTC receivable is a contractual claim and is excluded, with no owned-component allocation. The newer August 31 headline of 323 BTC (reported as 307 pledged and 16 unencumbered) is unresolved under the later agreement annex permitting collateral-title transfer. Neither 323 nor 16 establishes the complete current eligible balance. HOLD - methodology review required. The difference from the legacy May headline 322.7 to 144.6 is principally methodological, not an equivalent claimed sale. The unchanged btc_total_reported 322.7 is explicitly the May 31 legacy headline, not a June component or current eligible figure. Needs Review / pending; historical balance excluded from totals.

Strategic intent

LM Funding operates as a Bitcoin treasury and mining company and identifies Bitcoin treasury operations as one of its principal businesses. Management tracks Bitcoin per share, retains mined Bitcoin while selling portions for liquidity and debt service, and seeks to increase long-term shareholder exposure to its Bitcoin holdings.

Bitcoin Treasury

Last verified attributable BTC144.6 BTC

Balance dateJune 30, 2026

Estimated valueUnavailable

Average purchase priceNot disclosed

Not included in totals

Historical balance only — current eligible balance not established

Newer reported BTC — not used in totals

323 BTC · Balance date: August 31, 2026

Historical-only: 144.6 verified attributable BTC at June 30, 2026 comprises 12.8 unencumbered and 131.8 retained owned pledged BTC. The separate 174-BTC receivable is a contractual claim and is excluded, with no owned-component allocation. The newer August 31 headline of 323 BTC (reported as 307 pledged and 16 unencumbered) is unresolved under the later agreement annex permitting collateral-title transfer. Neither 323 nor 16 establishes the complete current eligible balance. HOLD - methodology review required. The difference from the legacy May headline 322.7 to 144.6 is principally methodological, not an equivalent claimed sale. The unchanged btc_total_reported 322.7 is explicitly the May 31 legacy headline, not a June component or current eligible figure. Needs Review / pending; historical balance excluded from totals.

Reported BTC source

Ownership and Restrictions

Component figures are shown only when separately disclosed and may overlap; they are not additive. Components refer to the eligible balance date unless dated otherwise in research notes. “Not separately disclosed” does not imply zero.

Total BTC reported322.7

Unencumbered / unrestricted12.8

Pledged as collateral131.8

Loaned to third parties0

Subsidiary-ownedNot separately disclosed

Other restricted owned BTCNot separately disclosed

Latest Financial Results

Reporting period: Three months ended June 30, 2026

Revenue$2,116,584

Operating income/loss$-3,855,093

Net income/loss$-4,565,563

Cash$853,788

Management

Chief executive officer: Bruce M. Rodgers
Chief financial officer: Richard Russell
Executive chair: Bruce M. Rodgers

Research Notes

LM Funding reported a Bitcoin treasury of 322.7 BTC as of May 31, 2026, valued at approximately $23.8 million. The company mined 9.8 BTC during May and actively manages the balance by retaining production while selling Bitcoin as needed for liquidity and financing obligations. Its March 31, 2026 Form 10-Q states that Bitcoin represented 100% of treasury holdings and identifies Bitcoin treasury operations as a distinct business line. At April 30, 2026, LM Funding reported 334.0 BTC, including 174 BTC held by Galaxy Digital in connection with its loan facility. Because the May 31 update did not provide a refreshed pledged or Galaxy-held amount, current pledged and unencumbered fields remain unspecified rather than carrying forward the April figure. The latest balance contains no customer or borrowed Bitcoin. September 29, 2026 methodology and financial refresh: Historical-only: 144.6 verified attributable BTC at June 30, 2026 comprises 12.8 unencumbered and 131.8 retained owned pledged BTC. The separate 174-BTC receivable is a contractual claim and is excluded, with no owned-component allocation. The newer August 31 headline of 323 BTC (reported as 307 pledged and 16 unencumbered) is unresolved under the later agreement annex permitting collateral-title transfer. Neither 323 nor 16 establishes the complete current eligible balance. HOLD - methodology review required. The difference from the legacy May headline 322.7 to 144.6 is principally methodological, not an equivalent claimed sale. The unchanged btc_total_reported 322.7 is explicitly the May 31 legacy headline, not a June component or current eligible figure. Needs Review / pending; historical balance excluded from totals. USD, Q2: three months ended June 30, 2026; balance sheet at June 30. 'Total revenues' 2,116,584; 'Operating income (loss)' -3,855,093; 'Net income (loss)' -4,565,563 consolidated, distinct from common-shareholder loss -4,604,333. Cash 853,788; assets 37,086,717; liabilities 21,562,208. Effective July 22, 2026 LM Funding America, Inc. / LMFA became PowerCompute, Inc. / PWCM. Preserve former name, ticker, website and slug as historical identity; canonical slug becomes powercompute-pwcm and the existing alias redirects the old slug. Retain Bruce M. Rodgers and Richard Russell. Financial source: https://www.power-compute.com/investors/news-events/press-releases/detail/196/powercompute-reports-second-quarter-2026-financial-results (published August 14, 2026). Eligible historical/current evidence: https://www.power-compute.com/investors/sec-filings/all-sec-filings/content/0001193125-26-352417/lmfa-20260630.htm (source date: August 14, 2026). Separate headline source: https://www.power-compute.com/investors/sec-filings/all-sec-filings/content/0001193125-26-385908/lmfa-ex99_1.htm (published September 9, 2026; balance August 31, 2026). Supplemental approved references: https://www.power-compute.com/investors/sec-filings/all-sec-filings/content/0001193125-26-374752/lmfa-ex10_2.htm ; https://www.power-compute.com/investors/sec-filings/all-sec-filings/content/0001193125-26-308977/lmfa-ex99_1.htm. Management evidence: https://www.power-compute.com/investors/sec-filings/all-sec-filings/content/0001193125-26-352417/lmfa-20260630.htm. Historical notes above are preserved as dated history; earlier eligibility descriptions do not override this review. The existing last_verified date is unchanged and is not a blanket verification of unresolved fields.