LM Funding America, Inc. Announces Strategic Collaboration with Arthur Mining to Support Development of New Hosting Sites with Dedicated Capacity Expected to Drive Revenue Growth and Signi...
LM Funding America, Inc. (LMFA)
US:NASDAQ Investor Relations:
ir.lmfunding.com/investor-overview
Company Research
Source: Yahoo! Finance
technology-based specialty finance company, today announced a strategic collaboration to support the development of a new 15 MW hosting site being developed by Arthur Mining Inc., near Oklahoma City. In connection with collaboration, LM Funding has committed to loaning $2.5 million to a new joint venture, majority-owned by Arthur Mining and co-owned by a third-party, in order to accelerate completion of the 15 MW hosting site. As part of the agreement, the Company has entered into a hosting contract with Arthur Mining for approximately 3,000 of the Company's Bitmain Antminer S19j Pro machines to be deployed at the new hosting site upon completion of the buildout, which is expected by the end of June 2024. Furthermore, Arthur Mining has agreed to host these machines at cost for approximately nine months, which is expected to result in significant cost savings for LM Funding. In addition, LM Funding and Arthur Mining plan to explore the development of a new 60 MW site adjacent to the
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LMFA
News
- LM Funding America, Inc. (NASDAQ: LMFA) had its "neutral" rating re-affirmed by analysts at HC Wainwright.MarketBeat
- LM Funding America, Inc. Provides Monthly Operational and Bitcoin Mining Update for Month Ended May 31, 2024GlobeNewswire
- LM Funding partners with Arthur Mining to develop new 15 MW hosting site [Seeking Alpha]Seeking Alpha
- LM Funding America, Inc. Announces Strategic Collaboration with Arthur Mining to Support Development of New Hosting Sites with Dedicated Capacity Expected to Drive Revenue Growth and Significant Cost EfficienciesGlobeNewswire
- Looking for a Fast-paced Momentum Stock at a Bargain? Consider LM Funding America (LMFA) [Yahoo! Finance]Yahoo! Finance
LMFA
Sec Filings
- 6/21/24 - Form 4
- 6/12/24 - Form 8-K
- 6/10/24 - Form 8-K
- LMFA's page on the SEC website