From Investing.com:

LM Funding America, Inc. (NASDAQ:LMFA) is set to receive 300 Bitmain S21 Antminer machines ahead of schedule, boosting its mining capacity to 673 petahash by early April, enhancing revenue growth potential. The high-efficiency rigs operate on the SHA-256 algorithm and are expected to be pivotal during upcoming Bitcoin halving events.

Chairman and CEO Bruce M. Rodgers is optimistic about the early delivery, predicting a positive impact on the company’s performance. LM Funding America ventured into Bitcoin mining in 2022 and also provides specialty finance to nonprofit community associations in multiple states, fueling diversified revenue streams.

Analysts anticipate sales growth for LMFA amidst its mining expansion, with a remarkable revenue surge of 993.94% in the past year. The company’s low Price/Book ratio of 0.2 may attract value investors, despite high price volatility and significant cash burn. Interested parties can access detailed financial insights through InvestingPro with a discount code.



Read more at Investing.com: LM Funding boosts mining capacity with early delivery of Antminers By Investing.com