I fear so. Do you have a spare PSU to use while you get a new one? Personally, I would get rid of the faulty one as soon as possible.
Please excuse my bad English.
Currently gaming on a PC with an i5-4670k@stock (for now), 16Gb RAM 1600 MHz and a GTX 1070
Steam / Live / NNID : jonxiquet Add me if you want, but I'm a single player gamer.