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LM Funding America, Inc. Announces Ryan Duran Expands Leadership Role to President of its Bitcoin Mining Subsidiary - USDM

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LM Funding America (NASDAQ: LMFA) has promoted Ryan Duran from Vice President of Operations to President of its digital mining subsidiary, US Digital Mining and Hosting Co Duran, who has been with the company since 2008, will lead the strategic direction and operational efficiency of the company's Bitcoin mining operations. He brings extensive operational experience in digital mining, hosting, and specialty finance operations, along with a Bachelor of Science in Real Estate and Finance from Florida State University.

LM Funding America (NASDAQ: LMFA) ha promosso Ryan Duran da Vicepresidente delle Operazioni a Presidente della sua sussidiaria di mining digitale, US Digital Mining and Hosting Co. Duran, che è con l'azienda dal 2008, guiderà la direzione strategica e l'efficienza operativa delle operazioni di mining di Bitcoin dell'azienda. Porta con sé un'ampia esperienza operativa nel mining digitale, nell'hosting e nelle operazioni di finanza specializzata, insieme a una Laurea in Scienze Immobiliari e Finanza conseguita alla Florida State University.

LM Funding America (NASDAQ: LMFA) ha promovido a Ryan Duran de Vicepresidente de Operaciones a Presidente de su subsidiaria de minería digital, US Digital Mining and Hosting Co. Duran, que ha estado con la empresa desde 2008, liderará la dirección estratégica y la eficiencia operativa de las operaciones de minería de Bitcoin de la compañía. Aporta una amplia experiencia operativa en minería digital, hosting y operaciones de finanzas especializadas, junto con una Licenciatura en Ciencias Inmobiliarias y Finanzas de la Florida State University.

LM Funding America (NASDAQ: LMFA)는 Ryan Duran을 운영 부사장에서 디지털 채굴 자회사인 US Digital Mining and Hosting Co의 사장으로 승진시켰습니다. 2008년부터 회사에서 근무한 Duran은 회사의 비트코인 채굴 작업의 전략적 방향과 운영 효율성을 이끌게 됩니다. 그는 디지털 채굴, 호스팅 및 전문 금융 운영에서 풍부한 운영 경험을 가지고 있으며, 플로리다 주립대학에서 부동산 및 금융 학사 학위를 취득했습니다.

LM Funding America (NASDAQ: LMFA) a promu Ryan Duran du poste de Vice-Président des Opérations à celui de Président de sa filiale de mining numérique, US Digital Mining and Hosting Co. Duran, qui est avec l'entreprise depuis 2008, dirigera l'orientation stratégique et l'efficacité opérationnelle des opérations de mining de Bitcoin de l'entreprise. Il apporte une vaste expérience opérationnelle dans le mining numérique, l'hébergement et les opérations financières spécialisées, ainsi qu'une licence en sciences immobilières et en finances de la Florida State University.

LM Funding America (NASDAQ: LMFA) hat Ryan Duran vom Vice President of Operations zum Präsidenten seiner digitalen Mining-Tochtergesellschaft, US Digital Mining and Hosting Co, befördert. Duran, der seit 2008 im Unternehmen ist, wird die strategische Ausrichtung und die operative Effizienz der Bitcoin-Mining-Operationen des Unternehmens leiten. Er bringt umfassende operationale Erfahrung im digitalen Mining, im Hosting und in spezialisierten Finanzoperationen mit, sowie einen Bachelor of Science in Immobilien und Finanzen von der Florida State University.

Positive
  • Internal promotion indicates stability and continuity in leadership
  • Appointment of experienced executive (15+ years with company) to lead Bitcoin mining operations
Negative
  • None.

Tampa, FL, Oct. 23, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, is pleased to announce the promotion of Ryan Duran from Vice President of Operations to President of its digital mining subsidiary, US Digital Mining and Hosting Co LLC.

Bruce Rodgers, Chairman and CEO of LM Funding, stated, "As we continue to focus and expand our Bitcoin mining operations, it is clear that strong, dedicated leadership is essential to drive our hosting and mining infrastructure. With his expertise and leadership skills, Ryan Duren is the perfect choice to accelerate our growth in the Bitcoin mining business."

With this promotion, Ryan Duran will play a pivotal role in shaping the strategic direction and enhancing the operational efficiency of the Company's mining operations, ensuring that LM Funding remains at the forefront of the rapidly evolving cryptocurrency industry.

Mr. Duran has worked with the Company since 2008 and has developed broad operational experience in the digital mining and hosting area and the specialty finance operations of the business. Mr. Duran has a Bachelor of Science in Real Estate and Finance from Florida State University.

About LM Funding America
LM Funding America, Inc. (Nasdaq: LMFA), together with its subsidiaries, is a cryptocurrency mining business that commenced Bitcoin mining operations in September 2022. The Company also operates a technology-based specialty finance company that provides funding to nonprofit community associations (Associations) primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois, by funding a certain portion of the Associations' rights to delinquent accounts that are selected by the Associations arising from unpaid Association assessments.

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 entering into and 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

Who is the new President of US Digital Mining and Hosting Co at LM Funding (LMFA)?

Ryan Duran has been promoted from Vice President of Operations to President of US Digital Mining and Hosting Co , LM Funding's digital mining subsidiary.

What is Ryan Duran's background at LM Funding (LMFA)?

Ryan Duran has worked with LM Funding since 2008, gaining broad operational experience in digital mining, hosting, and specialty finance operations. He holds a BS in Real Estate and Finance from Florida State University.

What will be Ryan Duran's role as President at LMFA's mining subsidiary?

As President, Ryan Duran will be responsible for shaping the strategic direction and enhancing the operational efficiency of LM Funding's Bitcoin mining operations.

LM Funding America, Inc.

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