LM Funding America, Inc. Closes Purchase of 15MW Mining Site
LM Funding America, Inc. (LMFA)
US:NASDAQ Investor Relations:
ir.lmfunding.com/investor-overview
Company Research
Source: GlobeNewswire
TAMPA, Fla., Dec. 09, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, today announced the acquisition of the business assets of a 15 MW mining site in Oklahoma from Tech Infrastructure JV I LLC (“JV”), a joint venture majority-owned by Arthur Inc., for $7.3 million. “We are thrilled to have acquired this site with 60MW of mining potential through a series of financings to the JV,” said Bruce M. Rodgers, Chairman and CEO of LM Funding. “The financing terms allowed us to operate approximately 2,880 S19J Pros using $0.04/kwh power at the site since June 2024. This transaction is in furtherance of our previously disclosed transition from an “infrastructure light” mining model with minimal infrastructure investments to a vertically integrated mining model. We now may be able to potentially expand our mining operations at this site by an additional 60MW with power
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LMFA
Sec Filings
- 12/19/24 - Form 4
- 12/10/24 - Form 8-K
- 12/9/24 - Form 8-K
- LMFA's page on the SEC website