According to Wu Blockchain, Bitcoin mining company PowerCompute has restructured three debts totaling $18 million through Arch Lending, using 307 BTC from its reserves as collateral. This replaces previous loans from institutions like Galaxy Digital. The new financing adopts a non-recourse, 30-day revolving structure with a current annualized interest rate of about 2%, significantly lower than the 12% on some of the old loans, allowing the company to reduce interest expenses without selling BTC. https://(wublock123.com)/news/news-66005