PowerCompute’s 4-Day BTC Bridge Loan Expires in Silence Amid Galaxy Debt Repayment

Woofun AI reports that PowerCompute’s critical bridge loan expired in silence, leaving the status of its Bitcoin collateral and obligations to Galaxy Digital and Liebel unresolved.

The instrument carried a July 31 maturity date, established four days after signing, with payment permitted until 5 p.m. ET on Aug. 1. Proceeds were designated to fully repay Galaxy Digital and Liebel debt while PowerCompute finalized an anticipated Bitcoin-secured term facility via the Arch facility.

Woofun AI data shows the notes specify a 15% annual default interest rate, yet disclosures did not confirm if this rate was triggered or if refinancing closed. The contractual payment cutoff passed without public record of default, extension, or completion. Consequently, the collateral stack remains unresolved, obscuring whether the high-cost penalty applies.

Until the refinancing outcome is disclosed, the Bitcoin securing the Arch facility cannot be verified. As of June 30, PowerCompute held 318.3 BTC, but this figure no longer serves as a reliable measure of unencumbered liquidity.