Welcome to our dedicated page for Lm Fdg Amer news (Ticker: LMFA), a resource for investors and traders seeking the latest updates and insights on Lm Fdg Amer stock.
LM Funding America Inc (LMFA) maintains this dedicated news hub to provide stakeholders with comprehensive updates across its specialty finance and cryptocurrency mining operations. Our curated collection features official press releases, financial disclosures, and strategic announcements from the company.
Key resources include: Quarterly earnings reports detailing performance across both business segments, operational updates on Bitcoin mining capacity expansions, and partnership announcements with community associations. Investors will find timely information about capital allocation strategies and regulatory developments affecting both industries.
This centralized repository enables efficient tracking of LMFA's progress in converting delinquent assessments into working capital through innovative funding solutions, while simultaneously monitoring advancements in its energy-efficient mining infrastructure. Content is organized chronologically showcase the company's dual-sector growth without promotional commentary.
For ongoing monitoring, we recommend this page for bookmarking or RSS subscription. Check regularly for updates on new association partnerships, mining facility optimizations, and financial performance metrics that demonstrate LMFA's unique market position.
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.
LM Funding America (NASDAQ: LMFA) reported Q3 2024 financial results, highlighting its cryptocurrency mining operations. The company held 142.3 Bitcoin valued at $12.4 million as of September 30, 2024. Digital mining revenue decreased to $1.1 million from $3.3 million year-over-year due to the April halving event and miner repositioning. The company reported a net loss of $4.8 million compared to $4.7 million in Q3 2023. Following the halving event, LMFA implemented a vertical integration strategy focusing on low-cost power locations. The company appointed Ryan Duran as president of US Digital Mining and Hosting Co to optimize operational efficiency.
LM Funding America reported Q3 2024 financial results, highlighting its cryptocurrency mining operations. The company held 142.3 Bitcoin valued at $12.4 million as of September 30, 2024. Revenue decreased to $1.3 million from $3.4 million year-over-year, primarily due to the April 2024 Bitcoin halving event. The company mined 18.5 Bitcoins in Q3 2024, generating approximately $1.1 million in revenue at an average Bitcoin price of $60,870. The net loss was $4.8 million compared to $4.7 million in Q3 2023. The company implemented a vertical integration strategy focusing on low-cost power sources and appointed Ryan Duran as president of US Digital Mining and Hosting Co
LM Funding America (NASDAQ: LMFA), a cryptocurrency mining and technology-based specialty finance company, has announced a conference call scheduled for November 13, 2024, at 11:00 a.m. Eastern Time. The call will discuss financial results for Q3 2024 and provide a business update. Participants can join via telephone or webcast, with replay options available through November 27, 2024, for telephone access and November 14, 2025, for webcast viewing.
LM Funding America (NASDAQ: LMFA) has promoted Ryan Duran from Vice President of Operations to President of its digital mining subsidiary, US Digital Mining and Hosting Co Duran, who has been with the company since 2008, will lead the strategic direction and operational efficiency of the company's Bitcoin mining operations. He brings extensive operational experience in digital mining, hosting, and specialty finance operations, along with a Bachelor of Science in Real Estate and Finance from Florida State University.
LM Funding America, Inc. (NASDAQ: LMFA), a cryptocurrency mining and technology-based specialty finance company, has released a preliminary, unaudited Bitcoin mining and operational update for September 2024. The company's Bitcoin holdings at the end of September were 142.3 BTC, valued at approximately $9.6 million based on an estimated BTC price of $67,500 on October 16, 2024.
Key metrics for September 2024 include:
- 6.6 Bitcoin mined
- No Bitcoin sold
- 3,700 miners deployed
- 2,200 miners in transit
- Potential hash rate of 639 PH/s
The report also provides comparative data for the first three quarters of 2024, showing a total of 148.9 Bitcoin mined and 101.5 Bitcoin sold over the nine-month period.
LM Funding America, Inc. (NASDAQ: LMFA), a cryptocurrency mining and technology-based specialty finance company, has released its preliminary, unaudited Bitcoin mining and operational update for August 31, 2024. The company reported:
- Bitcoin holdings of 135.7 at month-end, valued at approximately $8.7 million
- 7.2 Bitcoin mined during August
- 3,700 miners deployed and 2,200 miners in-transit at month-end
- Potential hash rate of 639 PH/s
CEO Bruce Rodgers highlighted the expansion of their new 15 MW hosting facility near Oklahoma City, where they relocated about 3,000 Antminer S19j Pro machines. This move is expected to significantly reduce operating expenses. The company is also investing proceeds from a recent private placement and a $5 million secured non-convertible loan facility into high-return projects aimed at accelerating growth and driving shareholder returns.
LM Funding America, Inc. (NASDAQ: LMFA), a cryptocurrency mining and technology-based specialty finance company, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference. The event is scheduled for September 9-11, 2024 at the Lotte New York Palace Hotel in New York City.
Key points:
- Bruce Rodgers, Chairman and CEO, will represent LM Funding
- On-demand presentation available from September 9, 2024, at 7:00 AM Eastern Time
- Webcast accessible via conference platform and LM Funding's investor relations website
- Management will participate in one-on-one meetings with qualified investors
This conference provides LM Funding an opportunity to showcase its business to potential investors and industry professionals.
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