LM Funding partners with Arthur Mining to develop new 15 MW hosting site [Seeking Alpha]
LM Funding America, Inc. (LMFA)
US:NASDAQ Investor Relations:
ir.lmfunding.com/investor-overview
Company Research
Source: Seeking Alpha
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, LM Funding America ( LMFA ) 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 ( LMFA ) and Arthur Mining plan to explore the development of a new 60 MW site adjacent to the current 15 MW Oklahoma City site, which would support the cost-effective deployment of additional mining machines for the company. Recommended For You More Trending N
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News
- LM Funding America, Inc. estimates that the 135.7 Bitcoin holdings on August 31, 2024, were valued at approximately $8.7 million in their monthly updatesGlobeNewswire
- LM Funding America, Inc. to Present at the H.C. Wainwright 26th Annual Global Investment ConferenceGlobeNewswire
- LM Funding America Announces Pricing of Registered Direct Offering for Aggregate Gross Proceeds of $2.6 MillionGlobeNewswire
- LM Funding America, Inc. (NASDAQ: LMFA) had its "neutral" rating re-affirmed by analysts at HC Wainwright.MarketBeat
- LM Funding America, Inc. (LMFA) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
LMFA
Analyst Actions
- 8/15/24 - HC Wainwright
LMFA
Sec Filings
- 9/27/24 - Form DEFA14A
- 9/27/24 - Form ARS
- 9/27/24 - Form DEF
- LMFA's page on the SEC website