PowerCompute Provides an Alternative for AI Infrastructure Rather Than Building a Data Center in Your Neighborhood

ATLANTA, November 9, 2026 (Newswire.com) - After election day, there's been new discussions surrounding data centers from members of the Democratic party. This has caused a massive wave of anti-data center sentiment. This issue, however, is mostly fueled by community backlash over soaring residential electric bills, intense water consumption, and grid strain, a growing coalition of local, state, and federal politicians are moving aggressively to halt or severely restrict data centers.

The data centers wave could be facing an even greater problem according to Aon CEO, Greg Case stated Wednesday. Case told CNBC that building large-scale data centers in proximity creates concentration risk that makes insurance coverage more difficult to obtain. Without adequate insurance, developers may struggle to access debt markets for financing.

PowerCompute could be the solution that everyone needs. PowerCompute is developing their AI infrastructure. The company bought its first professional-grade NVIDIA GPU server hardware to test renting out processing power on the cloud to tech developers who need computer muscle to train AI models. Then in July 2026, the company officially rebranded from LM Funding America to PowerCompute Inc. and changed its NASDAQ ticker to PWCM. The new branding aligns with their new identity as an AI, high-performance computing, and Bitcoin infrastructure business.

The core of this strategy is the 26 MW of owned, interconnected power capacity across Oklahoma and Mississippi.

PowerCompute entered the HPC and AI infrastructure market leveraging its already existing power footprint. With an already deployed initial GPU with approx. 101.7 teraflops capacity, they have started to sell their computing capacity through Vast.ai.

Investors valuing the company based on its AI business are neglecting the fact that its AI business is in its early stage. The real opportunity lies in PowerCompute's ability to convert its existing power infrastructure into high-value computing capacity.

PowerCompute announced that its subsidiary US Digital Mining Mississippi LLC executed a power contract with Columbus Light and Water ("Columbus Power") on September 30, 2026, that increases contracted power demand at the Company's Columbus, Mississippi site from 8.5 megawatts to 11 megawatts.

The new contract took effect on October 1, 2026, and moved the site from the Tennessee Valley Authority ("TVA") Manufacturing Service Rate, Schedule MSB, the general industrial rate class from which TVA removed data center load to Columbus Power's Large Data Service Rate, Schedule DCB, which is the tariff adopted to implement the TVA's new data center rate. The Company continues to take power at the site without interruption.

TVA's Data Center Rate and Capacity Commitment Charge

TVA adopted the Large Data Service rate in August 2026 and removed data center load from the general industrial rate class. Data center load, as defined under the new rate, includes Bitcoin mining operations. Beginning with TVA's fiscal year 2027, which started October 1, 2026, the Large Data Service charges approximately $1.5 million per megawatt Capacity Commitment Rider to new or expanded data center loads above the first five megawatts of contracted demand. For fiscal year 2027, there is a 2,000-megawatt cohort threshold capacity available on a first-come, first-served basis.

Under the TVA's tariff's Capacity Commitment Charge Rider, the power load under contract that was effective before October 1 is not subject to the new $1.5 million Capacity Commitment Charge. The Company has not been assessed a Capacity Commitment Charge on any portion of its 11 megawatts of contracted demand. Service under the new rate is available only where the major use of electricity at the delivery point is classified under 2022 NAICS subsector 518 or 519, under NAICS 522320 or 541214, or is used, in TVA's sole judgment, for the operation of computational equipment.

About PowerComute
PowerCompute operates as a cryptocurrency mining and specialty finance company. It operates through two segments: Specialty Finance and Mining and Treasury Operations. The company also engages in Bitcoin mining operations; and provides funding to nonprofit community associations. PowerCompute, Inc. was formerly known as LM Funding America, Inc. and changed its name to PowerCompute, Inc. in July 2026. The company was founded in 2008 and is headquartered in Tampa, Florida.

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SOURCE: PowerCompute, Inc.

Source: PowerCompute, Inc.