LM Funding America, Inc. Q2 FY2026 Earnings Call
· Earnings call transcript and AI-powered summary
PowerCompute Q2 2026 Earnings Summary
- Company Context: PowerCompute (NASDAQ: PWCM, formerly LM Funding America) is transitioning from Bitcoin mining to AI/HPC infrastructure hosting. Controls 26 MW of energized power across two sites (15 MW Calumet, OK at ~$0.037/kWh; 11 MW Columbus, MS at ~$0.035/kWh; blended ~$0.036/kWh). ~22 MW currently used for Bitcoin mining; evaluating expansion and additional low-cost sites.
- Strategic Update: July 2026 business expansion into AI/HPC colocation. Proof-of-concept: Acquired and listed first GPU on Vast.ai marketplace (no Q2 revenue; immaterial Q3 revenue expected). Marketing 4 MW at Mississippi site for hosting; full 11 MW convertible. Long-term illustrative estimate (not guidance): $20M–$50M annual revenue potential at full 26 MW build-out, requiring substantial capital and multi-year execution.
Financial Performance (Q2 2026 vs. Prior Periods)
- Revenue: $2.1 million (flat vs. Q1 2026 $2.1 million; +9.8% YoY vs. Q2 2025 $1.9 million). Growth driven by more active miners and lower difficulty, offset by lower average Bitcoin price.
- Bitcoin Mined: 27.9 BTC (up from 26.1 BTC in Q1 2026; up from 18.4 BTC in Q2 2025).
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