Lm Fdg Amer Inc Stock Price, News & Analysis

LM Funding America (NASDAQ: LMFA) has announced significant progress in its Bitcoin mining operations. The company has successfully deployed 432 petahash per second (PH/s) of miners at its 15 MW Oklahoma mining site. This deployment has expanded the company's total fleet to 5,121 active miners, achieving a total energized hashrate of approximately 560 PH/s across multiple sites.

The Oklahoma site's 432 PH/s capacity can be overclocked, representing a significant operational milestone. The deployment included the successful transition of 1,440 miners from storage to active status. This achievement aligns with the company's previously outlined objectives, and management has indicated plans to pursue additional mining site acquisitions that meet their strategic investment criteria.

LM Funding America (NASDAQ: LMFA) has released its Bitcoin mining update for December 2024. The company held 150.2 Bitcoin valued at approximately $15.0 million as of December 31, 2024, based on an estimated BTC price of $100,000. During Q4 2024, LMFA expects to recognize a Gain on Fair Value of Mined Bitcoin of approximately $4.0 million.

The company's operational metrics show they mined 7.0 Bitcoin in December 2024, sold 4.0 Bitcoin, and purchased 5.0 Bitcoin. LMFA maintained 3,700 miners deployed and 2,180 miners in storage, with an approximate potential hash rate of 639 PH/s at month-end. Compared to December 2023, when they mined 37.3 Bitcoin with 5,950 miners, the current operation reflects adjusted mining capacity.

LM Funding America (NASDAQ: LMFA) has placed an order for 270 Bitmain S21+ mining machines. The new miners, expected to be delivered in March 2025, will be installed at the company's new 15MW Oklahoma Mining site. This addition is anticipated to increase their mining capacity by approximately 58 petahash. Following the relocation of existing machines from storage to the Oklahoma site, the company expects its total active hashrate to reach 562 petahash by January 2025, combining their owned Oklahoma site and hosted mining capacity with Core.

LM Funding America (NASDAQ: LMFA) has released its preliminary, unaudited Bitcoin mining update for November 2024. The company mined 7.4 Bitcoin during the month, sold 5.7 Bitcoin, and held 142.2 Bitcoin valued at approximately $14.2 million as of November 30, 2024. The company maintains approximately 3,700 miners deployed with a potential hash rate of 639 PH/s, while 2,180 miners remain in transit.

The company's operational metrics show a slight increase in Bitcoin mined compared to October 2024 (7.3 BTC) and September 2024 (6.6 BTC), though significantly lower than November 2023 (33.8 BTC). The company's strategy focuses on operational efficiency and strategic management of Bitcoin assets.

LM Funding America (NASDAQ: LMFA) has acquired a 15MW mining site in Oklahoma from Tech Infrastructure JV I for $7.3 million. The site has potential for 60MW expansion and operates at $0.04/kwh power cost. The company has been operating approximately 2,880 S19J Pros at the site since June 2024.

The acquisition involved applying $3.8 million in existing loans and accrued interest, paying $1 million in cash, and escrowing $2.5 million. The facility operates under a 5-year ground lease, with an option to purchase the underlying land. The company expects to achieve 562 petahash combined mining capacity at the Oklahoma site in Q1 2025, complementing their hosted operations with Core Scientific in Kentucky.

LM Funding America (NASDAQ: LMFA), a cryptocurrency mining and technology-based specialty finance company, has announced a warrant exercise agreement with an institutional investor. The investor will exercise 1,736,370 existing warrants at $2.98 per share, generating gross proceeds of $5.1 million for the company.

In exchange, the investor will receive new unregistered warrants to purchase 3,472,740 shares at $2.95 per share, exercisable for five years. Maxim Group is acting as the warrant inducement agent. The new warrants were offered privately to accredited investors, and the company will file a registration statement for the resale of shares issuable upon exercise.

LM Funding America (NASDAQ: LMFA) released its Bitcoin mining update for October 2024. The company mined 7.3 BTC, up from 6.6 in September, and holds 140.5 BTC valued at approximately $13.3 million (based on $94,700 BTC price). The company maintains 3,700 miners deployed with 639 PH/s potential hash rate. Mining production improvements were attributed to more efficient software and improved uptime. The company announced acquisition of a 15 MW mining site in Oklahoma, which will add 5 MW capacity and increase deployed miners to approximately 5,200 units, with plans to expand by additional 60 MW in Q1 2025.

LM Funding America (NASDAQ:LMFA), a cryptocurrency mining and technology-based specialty finance company, announced its participation in the Virtual Investor Summit Microcap Event on November 21st. The company will deliver a presentation from 12:00pm to 12:30pm ET and be available for one-on-one meetings throughout the day.

The event features 40 micro-cap companies with catalysts and/or strong market performance. Qualified investors can attend complimentary sessions, including live Q&A opportunities. The presentation will be accessible via webcast.

LM Funding America (NASDAQ: LMFA) has signed an asset purchase agreement to acquire a 15 MW mining site in Oklahoma from Tech Infrastructure JV I for $7.3 million. The company currently operates 10 MW of Bitcoin mining machines at this site. The acquisition includes air-cooled GIGA containers, transformers, and related infrastructure. The payment structure involves $1.1 million in cash, $3.7 million in loan credits, and $2.5 million held in escrow. By January 2025, LM Funding plans to deploy approximately 800 S21 and XP Bitmain machines and 640 S19J Pros after vacating the current third-party miner from 5 MW of space.