# POWERCOMPUTE, INC. (LMFA) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_b3a5415cb068ce25803f · retrieved 2026-08-11T16:15:24.768Z

## Overview
PowerCompute, Inc. (formerly LM Funding America, Inc.) is a digital mining and hosting company that holds Bitcoin in its treasury.

PowerCompute, Inc., through its subsidiary US Digital Mining and Hosting Co, LLC, entered into a bridge loan transaction on July 27, 2026, borrowing an aggregate of $18 million from ChainFi Inc. d/b/a Arch Lending under two separate Promissory Notes. The first note was for $11,005,502.75 and the second for $7,063,342.53. The proceeds were used to repay the Company's $18 million in aggregate indebtedness to Galaxy Digital LLC and DE & AJ Liebel Limited Partnership. The Bridge Notes bear interest at the Applicable Federal Rate and have a maturity date of July 31, 2026, with a default interest rate of 15% per annum.

## Terms
- Counterparty: ChainFi Inc. d/b/a Arch Lending · Deal value: $18.0M · Consideration: cash

## Key dates
- Announced 2026-07-31 · Expiry 2026-07-31

## Timeline
- 2026-07-31 · 8-K (0001193125-26-328471): 8-K - POWERCOMPUTE, INC. — *PowerCompute, Inc. (formerly LM Funding America, Inc.) is a digital mining and hosting company that holds Bitcoin in its treasury.* PowerCompute, Inc., through its subsidiary US Digital Mining and Hosting Co, LLC, entered into a bridge loan transaction on July 27, 2026, borrowing an aggregate of $18 million from ChainFi Inc. d/b/a Arch Lending under two separate Promissory Notes. The first note was for $11,005,502.75 and the second for $7,063,342.53. The proceeds were used to repay the Company's $18 million in aggregate indebtedness to Galaxy Digital LLC and DE & AJ Liebel Limited Partnership. The Bridge Notes bear interest at the Applicable Federal Rate and have a maturity date of July 31, 2026, with a default interest rate of 15% per annum.
  https://www.sec.gov/Archives/edgar/data/1640384/0001193125-26-328471.txt

## Citations
- 0001193125-26-328471 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526328471