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) 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.
LM Funding America (NASDAQ: LMFA) has announced a registered direct offering to raise approximately $2.6 million in gross proceeds. The offering includes 278,000 shares of common stock and 605,000 pre-funded warrants, along with Series A and B warrants for an additional 1,766,000 shares. The combined effective offering price is $2.93 per share or pre-funded warrant, with the same exercise price for the warrants. The offering is expected to close around August 19, 2024, subject to customary conditions. Maxim Group is acting as the sole placement agent. The funds will be used to support LM Funding's operations in cryptocurrency mining and specialty finance.
LM Funding America, Inc. (NASDAQ: LMFA) reported financial results for Q2 2024:
- Mined 44.1 Bitcoins valued at $2.9 million
- Held 160.4 Bitcoins worth $10.0 million as of June 30, 2024
- Total revenue: $3.0 million, down $184,000 year-over-year
- Net loss: $6.6 million, compared to $5.6 million in Q2 2023
- Working capital: $8.4 million
- Cash and Bitcoin: $10.2 million
Key developments:
- Expanded 15 MW hosting facility near Oklahoma City
- LOI for 72 MW site in Texas
- Secured $5 million loan for miner acquisition
- Core EBITDA loss: $2.2 million in Q2, but positive $2.2 million for H1 2024
LM Funding America, Inc. (NASDAQ: LMFA), a cryptocurrency mining and technology-based specialty finance company, has announced a conference call scheduled for August 14, 2024, at 11:00 a.m. Eastern Time. The call will discuss financial results for the quarter ended June 30, 2024, and provide a business update. Investors can access the call via telephone or webcast, with replay options available until August 14, 2025. This event offers stakeholders an opportunity to gain insights into LMFA's recent performance and future outlook in the cryptocurrency mining and specialty finance sectors.
LM Funding America, Inc. (NASDAQ: LMFA) provided a Bitcoin mining update for July 31, 2024. The company held 132.5 BTC, valued at approximately $8.1 million. LMFA announced a Letter of Intent to acquire a mining site in Texas with 12 MW initial capacity and 60 MW expansion potential. The site currently generates 55 petahash using immersion mining. LMFA secured a $5 million non-convertible loan to acquire additional miners and infrastructure. The company aims to leverage its Bitcoin holdings to finance 72 MW of market-priced power for mining or grid resale. This acquisition provides a home for LMFA's existing fleet and introduces immersion mining advantages.
LM Funding America (NASDAQ: LMFA) provided a preliminary, unaudited Bitcoin mining update for June 2024. Key points include:
- Total Bitcoin holdings: 160.5 BTC (approx. $10.2 million) as of June 30, 2024
- Bitcoin mined in June: 5.4 BTC
- Miners deployed at month-end: 1,878
- Potential hash rate: 639 PH/s
The company ended unfavorable hosting contracts on May 31, 2024, and redeployed about 3,000 miners to a lower-cost site in Oklahoma in July. LMFA is exploring a potential $5 million secured loan to acquire additional miners. The company will revalue its Bitcoin holdings quarterly under new 2024 accounting standards.
LM Funding America provided a monthly operational and Bitcoin mining update for May 2024. As of May 31, 2024, the company held approximately 163.1 BTC, valued at around $11.4 million based on a BTC price of $70,000 as of June 7, 2024.
Key metrics included Bitcoin mined (14.0 BTC), Bitcoin sold (6.0 BTC), and an approximate deployed hash rate of 639 PH/s. LM Funding reported deploying approximately 5,880 miners at month-end, with 370 additional machines en route to a new hosting site. Recent agreements, such as the one with Arthur Mining, are expected to enhance mining operations and cost-effective hosting capacity.
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