PowerCompute completes $18M refinancing backed by 307 BTC

PowerCompute, formerly LM Funding, said it completed an $18 million debt refinancing backed by 307 BTC. The bitcoin miner said the refinancing replaces an $11 million loan from Galaxy Digital, a $5 million loan used to acquire a 15 MW facility in Oklahoma, and a $2 million loan used to acquire an 11 MW facility in Mississippi.