PowerCompute increases contracted power at Mississippi site to 11 MW, avoids TVA capacity charge

PowerCompute (PWCM) executed a new power contract with Columbus Light and Water effective Oct 1, moving its Mississippi site from TVA's general industrial rate to the new Large Data Service rate. Contracted power increased from 8.5 MW to 11 MW. The company is not subject to the new $1.5M per MW capacity commitment charge because the load was under contract before Oct 1. Columbus Power returned a $300,000 deposit, replaced with a bond. The site has ~2,373 Antminer machines with ~205 PH/s hashrate. Total operating capacity is 26 MW including Oklahoma site.