LM Funding America Achieves 560 PH/s with 15 MW Oklahoma Mining Site Active
LM Funding America (NASDAQ: LMFA) has announced significant progress in its Bitcoin mining operations. The company has successfully deployed 432 petahash per second (PH/s) of miners at its 15 MW Oklahoma mining site. This deployment has expanded the company's total fleet to 5,121 active miners, achieving a total energized hashrate of approximately 560 PH/s across multiple sites.
The Oklahoma site's 432 PH/s capacity can be overclocked, representing a significant operational milestone. The deployment included the successful transition of 1,440 miners from storage to active status. This achievement aligns with the company's previously outlined objectives, and management has indicated plans to pursue additional mining site acquisitions that meet their strategic investment criteria.
LM Funding America (NASDAQ: LMFA) ha annunciato progressi significativi nelle sue operazioni di mining di Bitcoin. L'azienda ha distribuito con successo 432 petahash al secondo (PH/s) di miner a suo sito di mining da 15 MW in Oklahoma. Questa distribuzione ha ampliato la flotta totale dell'azienda a 5.121 miner attivi, raggiungendo una hashrate totale energizzata di circa 560 PH/s in vari siti.
La capacità di 432 PH/s del sito in Oklahoma può essere overcloccata, rappresentando un importante traguardo operativo. Il dispiegamento ha incluso la transizione con successo di 1.440 miner dallo stato di stoccaggio a quello attivo. Questo risultato è in linea con gli obiettivi già delineati dall'azienda, e la gestione ha indicato piani per perseguire ulteriori acquisizioni di siti di mining che soddisfino i loro criteri di investimento strategici.
LM Funding America (NASDAQ: LMFA) ha anunciado avances significativos en sus operaciones de minería de Bitcoin. La empresa ha desplegado con éxito 432 petahash por segundo (PH/s) de mineros en su sitio de minería de 15 MW en Oklahoma. Este despliegue ha ampliado la flota total de la empresa a 5,121 mineros activos, logrando una tasa de hashrate energizada total de aproximadamente 560 PH/s en múltiples sitios.
La capacidad de 432 PH/s del sitio de Oklahoma puede ser overclockeada, lo que representa un hito operativo significativo. El despliegue incluyó la exitosa transición de 1,440 mineros de almacenamiento a estatus activo. Este logro se alinea con los objetivos previamente delineados por la empresa, y la dirección ha indicado planes para perseguir adquisiciones de sitios de minería adicionales que cumplan con sus criterios de inversión estratégica.
LM Funding America (NASDAQ: LMFA)는 비트코인 채굴 작업에서 중요한 진전을 발표했습니다. 이 회사는 15 MW 오클라호마 채굴 사이트에서 초당 432 페타해시 (PH/s)의 채굴기를 성공적으로 배포했습니다. 이 배포로 인해 회사의 총 함대는 5,121개의 활성 채굴기로 확장되었으며, 여러 사이트에서 약 560 PH/s의 전체 에너지원 해시레이트에 도달했습니다.
오클라호마 사이트의 432 PH/s 용량은 오버클럭이 가능하며, 이는 중요한 운영 이정표를 나타냅니다. 배포에는 1,440개의 채굴기를 저장 상태에서 활성 상태로 성공적으로 전환하는 것이 포함되었습니다. 이 성과는 회사가 이전에 설정한 목표와 일치하며, 경영진은 전략적 투자 기준을 충족하는 추가 채굴 사이트 인수 계획을 추진할 것이라고 밝혔습니다.
LM Funding America (NASDAQ: LMFA) a annoncé des progrès significatifs dans ses opérations de minage de Bitcoin. L'entreprise a déployé avec succès 432 petahash par seconde (PH/s) de mineurs sur son site de minage de 15 MW dans l'Oklahoma. Ce déploiement a élargi la flotte totale de l'entreprise à 5.121 mineurs actifs, atteignant un hashrate total énergisé d'environ 560 PH/s sur plusieurs sites.
La capacité de 432 PH/s du site de l'Oklahoma peut être overclockée, représentant ainsi une étape opérationnelle significative. Le déploiement a inclus la transition réussie de 1.440 mineurs du stockage vers le statut actif. Cette réalisation est en accord avec les objectifs préalablement exposés par l'entreprise, et la direction a indiqué des projets pour acquérir d'autres sites de minage répondant à leurs critères d'investissement stratégique.
LM Funding America (NASDAQ: LMFA) hat bedeutende Fortschritte in seinen Bitcoin-Mining-Operationen bekannt gegeben. Das Unternehmen hat erfolgreich 432 Petahash pro Sekunde (PH/s) an Minern an seinem 15-MW-Mining-Standort in Oklahoma eingesetzt. Dieser Einsatz hat die gesamte Flotte des Unternehmens auf 5.121 aktive Miner erweitert und eine insgesamt energisierte Hashrate von etwa 560 PH/s an mehreren Standorten erreicht.
Die Kapazität von 432 PH/s am Standort Oklahoma kann übertaktet werden, was einen bedeutenden operationellen Meilenstein darstellt. Der Einsatz umfasste die erfolgreiche Übergabe von 1.440 Minern von Lagerstatus in den aktiven Status. Dieser Erfolg stimmt mit den zuvor skizzierten Zielen des Unternehmens überein, und das Management hat Pläne angedeutet, weitere Mining-Standorte zu erwerben, die ihren strategischen Investitionskriterien entsprechen.
- Successful deployment of 432 PH/s mining capacity at Oklahoma site
- Total fleet expanded to 5,121 active miners
- Achieved 560 PH/s total hashrate across multiple sites
- Successfully transitioned 1,440 miners from storage to active deployment
- None.
Insights
The activation of LMFA's 15 MW Oklahoma mining facility marks a significant operational milestone, bringing their total hashrate to 560 PH/s with 5,121 active miners. Breaking down the metrics, the Oklahoma site's contribution of 432 PH/s from a 15 MW power capacity demonstrates an impressive efficiency ratio of approximately 28.8 PH/s per MW.
The overclocking capability at the Oklahoma facility is particularly noteworthy, as it allows for hashrate optimization during periods of favorable electricity prices or Bitcoin prices. This flexibility in operations can significantly impact profit margins, especially in a volatile market environment. The successful deployment of 1,440 miners from storage also indicates strong operational execution and supply chain management.
From a competitive standpoint, LMFA's expansion comes at a strategic time, with Bitcoin halving approaching in April 2024. The increased hashrate positions them to capture a larger share of mining rewards before the halving event, while their modern infrastructure suggests competitive power efficiency ratios essential for post-halving profitability.
Management's indication of pursuing additional mining sites signals confidence in their operational model, though investors should note that future expansion will likely require significant capital investment in an industry where equipment financing and power purchase agreements are increasingly competitive.
Tampa, FL, Jan. 27, 2025 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA), (“LM Funding” or the “Company”) a Bitcoin mining and technology-based specialty finance company, today announced the successful deployment of approximately 432 petahash per second (“PH/s”) of miners at its 15 MW mining site in Oklahoma. This expansion increases the Company's total fleet to 5,121 active miners for an energized hashrate of approximately 560 PH/s across multiple sites, of which 432 PH/s can be overclocked at the Oklahoma mining site.
Bruce M. Rodgers, Chairman and CEO of LM Funding America stated, "We are pleased to announce that with the deployment of additional miners at our 15 MW Oklahoma site, we now have approximately 560 PH/s across our mining operations. This marks the achievement of our previously outlined objectives and we plan to aggressively pursue the acquisition of additional mining sites that align with our strategic investment criteria."
Ryan Duran, President of LM Funding America’s US Digital Mining & Hosting Co. subsidiary, stated, "Through the dedicated efforts of our team and strategic partnerships, we successfully met our installation targets. This includes the successful transition of 1,440 miners from storage to active deployment, showcasing our commitment to operational excellence."
About LM Funding America
LM Funding America, Inc. (Nasdaq: LMFA), operates as a Bitcoin mining and specialty finance company. It operates through two segments; Specialty Finance and Mining Operations. The company was founded in 2008 and is based in Tampa, Florida. For more information, please visit https://www.lmfunding.com.
Forward-Looking Statements
This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guaranties of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company's most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, uncertainty created by the risks of operating in the cryptocurrency mining business, uncertainty in the cryptocurrency mining business in general, problems with hosting vendors in the mining business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, the ability to finance and grow our cryptocurrency mining operations, our ability to acquire new accounts in our specialty finance business at appropriate prices, the potential need for additional capital in the future, changes in governmental regulations that affect our ability to collected sufficient amounts on defaulted consumer receivables, changes in the credit or capital markets, changes in interest rates, and negative press regarding the debt collection industry. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.
Contact:
Crescendo Communications, LLC
Tel: (212) 671-1021
Email: LMFA@crescendo-ir.com
FAQ
What is LMFA's current total mining hashrate after the Oklahoma site deployment?
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