According to Wu Blockchain, PowerCompute announced that its subsidiary fully repaid and terminated the Bitcoin-backed credit arrangement with Arch Lending on September 24, clearing approximately $22.45 million in debt and reclaiming about 39.6 BTC. The company now has no Bitcoin under collateral. Secured debt has dropped from around $19.4 million at the end of June to approximately $1.25 million, a decrease of about 94%. Additionally, PowerCompute plans to expand its Mississippi mining facility and upgrade mining machines in Oklahoma, aiming to boost active mining hash rate by approximately 25% to 964 PH/s. https://(wublock123.com)/news/powercompute-repays-arch-bitcoin-backed-loan-debt-down-94-percent-69300