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LM Funding America, Inc. provided a monthly operational and Bitcoin mining update for April 2024, reporting a total of approximately 155.1 BTC held as of April 30, 2024, valued at around $9.7 million based on an estimated BTC price of $62,500. The company highlighted the deployment of new mining machines, resulting in an increased hashing power of 639 Ph/s.
LM Funding America, Inc. announced the appointment of Marty Traber to its Board of Directors, replacing Todd Zhang. Traber brings over 40 years of experience in securities law and corporate finance. He has a strong background in the technology industry and has served on various boards of directors, including a New York Stock Exchange-listed company. The CEO expressed appreciation for Zhang's contributions to the Bitcoin mining operations.