LM Funding America, Inc. holds 142.2 Bitcoins worth $14.2 million, focusing on efficiency and growth.

From GlobeNewswire: 2024-12-10 08:30:00

LM Funding America, Inc. provided a Bitcoin mining update for November 2024, with 7.4 Bitcoin mined and 5.7 sold. The company holds 142.2 Bitcoins worth approximately $14.2 million. With 5,880 miners actively mining Bitcoin, LM Funding focuses on efficiency and asset retention for sustained growth in the competitive cryptocurrency market.

Operating as a cryptocurrency mining and finance company, LM Funding America has 5,880 miners generating around 639 petahash of mining capacity. Founded in 2008 and based in Tampa, Florida, the company strategically manages its Bitcoin assets to position itself for growth and resilience in the cryptocurrency market.

Forward-looking statements in the press release caution about risks and uncertainties in the cryptocurrency mining business. Risks include operational challenges, regulatory changes, and market conditions that could impact business operations and financial results. Investors are advised to consider potential risks and uncertainties when evaluating the company’s performance and future prospects.



Read more at GlobeNewswire: LM Funding America, Inc.’s Bitcoin Holdings Valued at $14.2