A microcap Bitcoin miner worth less than two million dollars just erased its own name from the stock market and started over under a new ticker. The CEO of a multibillion-dollar Bitcoin treasury company walked out the same morning a headline three-way merger collapsed. The stock hit a record low by lunch. In Vancouver, a much smaller operation quietly pulled off something neither one managed: giving over 275,000 users a way to borrow against their crypto without selling a single coin.
LM Funding Rebrands as PowerCompute, Trades Under New Ticker PWCM
LM Funding America, Inc. (Nasdaq: LMFA) announced on July 20 that it would change its corporate name to PowerCompute, Inc., effective July 22. Shares now trade under ticker PWCM on the Nasdaq. The move formalizes a pivot the Tampa, Florida company has been building toward for months: using its 26 megawatts of wholly owned power infrastructure, about 22 of which currently run Bitcoin mining rigs, to chase high-performance computing and AI infrastructure customers instead. CEO Bruce Rodgers framed it plainly: the company already has the one thing the market is short on. Power.
The rebrand followed a 1-for-25 reverse stock split (a corporate action that consolidates outstanding shares into fewer, higher-priced shares) effective July 13, needed to maintain compliance with Nasdaq’s continued listing requirements. PowerCompute still holds a Bitcoin treasury: 318.3 BTC on the balance sheet as of June 30. It sold 13.1 BTC that month to fund operations. Third-party financial health scoring on the company, post-rebrand: weak. A proof-of-concept GPU deployment is running at its Oklahoma facility, and PowerCompute says a full HPC buildout of its existing power capacity could support $20 million to $50 million in annual revenue, a projection based on industry benchmarks rather than company guidance. Shares closed July 23 at $1.83. Market cap: roughly $1.18 million.
Twenty One Capital CEO Jack Mallers Resigns as Tether’s Three-Way Merger Collapses
Jack Mallers stepped down as CEO of Twenty One Capital, Inc. (NYSE: XXI) effective July 20. Same day, the Bitcoin-native treasury company confirmed its proposed three-way merger uniting Twenty One, Strike, and Elektron Energy had fallen apart. Two exits, one morning. Raphael Zagury, who founded and leads Elektron Energy, was named the new CEO. Mallers said he plans to focus full time on Strike, the Bitcoin payments company he also founded. Strike stays independent instead of folding into Twenty One’s planned platform.
The market reaction was immediate. XXI shares fell nearly 18% on July 21 to a fresh all-time low near $4.37. The stock has now given back more than 80% of its value from 2025 highs.
A potential acquisition of Elektron Energy by Twenty One remains under evaluation. Any such deal would qualify as a related-party transaction (a deal involving individuals or entities connected to company insiders, requiring extra governance scrutiny to guard against conflicts of interest), since Zagury now leads both companies. Twenty One still holds more than 43,500 Bitcoin, backed by Tether and Bitfinex, and went public on the NYSE in December 2025. It’s the world’s second-largest corporate Bitcoin holder, leadership churn or not. Market cap as of the July 23 close: roughly $3.2 billion, above the size threshold this roundup otherwise applies to small and micro-cap names.
Zagury told TheStreet on July 23 that XXI should be “measured by the cash flow it generates.” Twenty One built its name stacking Bitcoin. Its new CEO just said the market should judge it on cash flow.
Netcoins Launches In-App Crypto-Backed Lending as BIGG Digital Assets Deepens APX Partnership
BIGG Digital Assets Inc. (TSXV: BIGG; OTCQB: BBKCF) said on July 23 that its subsidiary Netcoins has gone live with crypto-backed lending (borrowing cash against crypto collateral instead of selling it) directly inside the Netcoins Web App. Canadian users can now borrow cash against Bitcoin and Ethereum holdings without selling them. The loans are originated and serviced by APX Lending, a separate company BIGG invested in back in 2025. Terms: a minimum of $10,000 CAD, up to 60% loan-to-value, 3 to 60 months, interest starting at 9.99%. The whole application runs inside the Netcoins interface. No separate site, no re-verification.
APX Lending is the first crypto-backed lender in Canada to receive exemptive relief from the Canadian Securities Administrators, granted April 1, 2025. Collateral sits in insured, segregated BitGo Trust cold storage and is never re-lent. The launch reaches Netcoins’ base of more than 275,000 registered Canadian users. BIGG trades on the TSX Venture Exchange and the OTCQB, carries a market capitalization near C$41 million, and remains early-stage: the company’s own filings describe its securities as highly speculative given the nature of its business.
Upcoming Catalysts: PowerCompute Oklahoma HPC Deployment, Twenty One Capital Elektron Decision, BIGG Digital Assets Lending Adoption
PowerCompute Oklahoma HPC deployment: the company’s proof-of-concept GPU listing on a compute marketplace is an early signal. Watch for whether it converts into paying HPC customers and whether the Oklahoma power provider expands capacity by the discussed 10 to 50 MW.
Twenty One Capital Elektron Energy decision: any acquisition needs related-party approval, since Zagury leads both companies. Expect scrutiny. The outcome will shape whether Twenty One becomes an operating Bitcoin business or stays a pure treasury play.
BIGG Digital Assets Netcoins lending adoption: watch loan origination volume through APX Lending. It’s an early read on whether Canadian crypto holders would rather borrow than sell.
Sources
- GlobeNewswire: LM Funding Announces Corporate Name Change to PowerCompute, Inc., July 20, 2026
- GlobeNewswire: PowerCompute (Formerly LM Funding America, Inc.) Issues Shareholder Letter Following New Company Strategic Direction, July 22, 2026
- Investing.com: LM Funding America Rebrands as PowerCompute, Changes Ticker, July 20, 2026
- BusinessWire: Twenty One Capital Appoints Raphael Zagury as Chief Executive Officer, July 21, 2026
- TheStreet: XXI Stock Plunges 18% After CEO’s Abrupt Exit, July 21, 2026
- TradingView / Newsfile Corp: Netcoins Launches Crypto-Backed Lending in Canada with APX Lending, July 23, 2026
Editorial Disclosure
This roundup is based entirely on publicly available information including press releases, SEC filings, and third-party market reporting. Per aktiego.com’s search methodology, the 48-hour window back from the write date (July 22–July 24) was searched first; it produced two strong, verified small and micro-cap stories, so the window was expanded to a rolling 7 days (July 17–July 24) to reach a third. Securities discussed include PowerCompute, Inc., formerly LM Funding America, Inc. (Nasdaq: PWCM), Twenty One Capital, Inc. (NYSE: XXI), and BIGG Digital Assets Inc. (TSXV: BIGG; OTCQB: BBKCF). aktiego.com has not received any compensation from any company mentioned, their management, investor relations representatives, or any third party. No staff member or principal of aktiego.com holds a position in any security mentioned at the time of publication. PowerCompute’s corporate name and ticker change was confirmed effective July 22, 2026, via GlobeNewswire and the Company’s SEC filing. The 1-for-25 reverse stock split, effective July 13, 2026, was explicitly disclosed by the company as necessary to maintain compliance with Nasdaq’s continued listing requirements, indicating the company had been at risk of falling short of the minimum bid price standard. PowerCompute closed at $1.83 on July 23, 2026, giving it a market capitalization of approximately $1.18 million, well under this roundup’s small-cap threshold, and third-party financial health scoring rates the company’s balance sheet as weak. The Bitcoin treasury figures and HPC revenue projections are as disclosed by the company; the $20 million to $50 million revenue range is explicitly based on industry benchmarks, not company guidance, and is forward-looking. Twenty One Capital’s leadership transition was confirmed effective July 20, 2026, via BusinessWire, and the stock decline was reported July 21, 2026, via multiple market sources. Twenty One Capital closed near $5.02 on July 23, 2026, putting its market capitalization at approximately $3.2 billion, above the $2 billion threshold this roundup otherwise applies, and is flagged accordingly. The evaluation of a potential Elektron Energy acquisition is disclosed as a related-party transaction risk, since incoming CEO Raphael Zagury also founded and leads Elektron Energy; any such transaction would require related-person review and board approval. The quoted remark from Zagury is drawn from TheStreet’s July 23, 2026 reporting; this is the only quotation used from that source. BIGG Digital Assets’ press release confirming the Netcoins-APX Lending launch is dated July 23, 2026, via Newsfile Corp. BIGG trades on the TSX Venture Exchange with an OTCQB listing (BBKCF), which carries standard DTC eligibility and requires no additional flag under this roundup’s OTC tier framework. The Company’s own forward-looking statements describe its securities as highly speculative given the nature of its business, and note that future operating results could be materially affected by cryptocurrency prices and demand. These are speculative investments carrying significant risk including potential total loss of capital. Coverage on aktiego.com is provided for informational and educational purposes only. aktiego.com is not a registered investment advisor. Nothing in this article constitutes financial, investment, or professional advice. Readers are encouraged to conduct their own due diligence and consult a qualified financial advisor before making any investment decisions. For more information please see our full DISCLAIMER.
