LM Funding America, Inc. reports recurring developments as a Bitcoin treasury and mining company with mining operations tied to its Oklahoma and Mississippi sites. Company news commonly covers monthly Bitcoin production, Bitcoin treasury holdings, miner deployments, energized hashrate, immersion-cooled infrastructure, curtailment and energy sales, and operational updates from its US Digital Mining business.
LM Funding also reports financial results, capital actions, and balance-sheet activity related to its mining and treasury strategy. The company maintains a technology-enabled specialty finance business that provides funding to nonprofit community associations primarily in Florida, reflecting its historical specialty finance operations alongside its digital asset business.
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LM Funding America has announced an expansion of its contract with Core Scientific to host an additional 900 bitcoin mining machines, expected to be operational by the end of April 2023. This deal increases the total number of machines hosted by Core to approximately 3,900, contributing to a combined mining capacity of approximately 470 petahash for the company.
Chairman and CEO Bruce M. Rodgers expressed satisfaction with the agreement, emphasizing the growth of their mining operations since starting in September 2022. The newly installed machines will enhance LM Funding's capacity to effectively participate in the cryptocurrency mining sector.