Business
LM Funding America Announces January 2025 Production and Operational Update
- 15 MW Oklahoma Mining Site Fully Operational - Bitcoin HODL valued at $16.1 million as of January 31, 2025 TAMPA, Fla., Feb. 11, 2025 (GLOBE NEWSWIRE) --
About this update from Lm Funding America, Inc.
[{"type":"text","content":" - 15 MW Oklahoma Mining Site Fully Operational - Bitcoin HODL valued at $16.1 million as of January 31, 2025 TAMPA, Fla., Feb. 11, 2025 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin mining and technology-based specialty finance company, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended January 31, 2025. MetricDec 2024Jan 2025 - Bitcoin1 - Mined, net7.0 8.0- Sold(4.0) -- Purchased5.0 -- Service Fee- -- Bitcoin HODL150.2 158.2 - Machines1 - Operational3,681 5,121- Storage2,159 719- Total Machines5,840 5,840- Hashrate (EH/s1) - Oklahoma0.29 0.43- Hosted0.13 0.13- Energized 0.42 0.56- Storage0.21 0.07- Total 0.63 0.63 “The energization of our Oklahoma site and reaching our target of 0.56 active EH/s marks a significant achievement for LM Funding,\" stated Bruce Rodgers, Chairman and CEO of LM Funding. \"Even though we are still a small player in this industry, our disciplined capital allocation, low overhead costs, and strong balance sheet affords us the opportunity to acquire more low-cost energy sites like our Oklahoma site and strategic M&A, while steadily building our Bitcoin holdings. Looking forward, we are pursuing green field and brown field power assets in the 5 to 20 MW range — which don’t meet large operators acquisition thresholds — to continue our growth.\" The Company estimates that the value of its 158.2 Bitcoin holdings on January 31, 2025, was approximately $16.1 million, based on a Bitcoin price of approximately $102,000 as of January 31, 2025. About LM Funding AmericaLM Funding America, Inc. (Nasdaq: LMFA), operates as a Bitcoin mining and specialty finance company. The company was founded in 2008 and is based in Tampa, Florida. For more information, please visit https://www.lmfunding.com. Forward-Looking StatementsThis press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guaranties of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identif...