PowerCompute slashes debt costs with 2% Bitcoin-backed loan

PowerCompute isn't letting its balance sheet sit idle. The Nasdaq-listed firm just wiped out $18 million in high-interest debt by tapping into a Bitcoin-backed credit facility. By putting up their BTC as collateral, they've secured a starting interest rate of just 2%. It's a aggressive move that swaps expensive traditional liabilities for a leaner, crypto-native financing structure. While most firms fear the volatility of digital assets, PowerCompute is betting that their holdings are the ultimate leverage for corporate growth. This refinancing deal gives the company much-needed breathing room without diluting shareholders or begging traditional banks for a break. The market is watching to see if this low-cost debt strategy becomes the new standard for public miners. Will other Nasdaq players follow suit and turn their HODL stacks into active capital?