LM Funding America, Inc. estimates that the 135.7 Bitcoin holdings on August 31, 2024, were valued at approximately $8.7 million in their monthly updates
LM Funding America, Inc. (NASDAQ: LMFA), a cryptocurrency mining and technology-based specialty finance company, has released its preliminary, unaudited Bitcoin mining and operational update for August 31, 2024. The company reported:
- Bitcoin holdings of 135.7 at month-end, valued at approximately $8.7 million
- 7.2 Bitcoin mined during August
- 3,700 miners deployed and 2,200 miners in-transit at month-end
- Potential hash rate of 639 PH/s
CEO Bruce Rodgers highlighted the expansion of their new 15 MW hosting facility near Oklahoma City, where they relocated about 3,000 Antminer S19j Pro machines. This move is expected to significantly reduce operating expenses. The company is also investing proceeds from a recent private placement and a $5 million secured non-convertible loan facility into high-return projects aimed at accelerating growth and driving shareholder returns.
LM Funding America, Inc. (NASDAQ: LMFA), una società di finanziamento specializzato basata sulla tecnologia della criptovaluta e sul mining, ha rilasciato il suo aggiornamento preliminare e non verificato sul mining di Bitcoin e sulle operazioni per il 31 agosto 2024. L'azienda ha riportato:
- Possesso di Bitcoin di 135,7 a fine mese, valutati circa $8,7 milioni
- 7,2 Bitcoin minati durante agosto
- 3.700 miner distribuiti e 2.200 miner in transito a fine mese
- Potenziale hash rate di 639 PH/s
Il CEO Bruce Rodgers ha evidenziato l'espansione della loro nuova struttura di hosting da 15 MW vicino a Oklahoma City, dove hanno trasferito circa 3.000 macchine Antminer S19j Pro. Questo spostamento dovrebbe ridurre significativamente le spese operative. L'azienda sta anche investendo i proventi di una recente raccolta privata e di un prestito non convertibile garantito di 5 milioni di dollari in progetti ad alto rendimento mirati ad accelerare la crescita e generare ritorni per gli azionisti.
LM Funding America, Inc. (NASDAQ: LMFA), una empresa de financiación especializada basada en la minería de criptomonedas y tecnología, ha publicado su actualización preliminar y no auditada sobre la minería de Bitcoin y operaciones hasta el 31 de agosto de 2024. La compañía informó:
- Tenencias de Bitcoin de 135.7 a fin de mes, valoradas en aproximadamente $8.7 millones
- 7.2 Bitcoin minados durante agosto
- 3,700 mineros desplegados y 2,200 mineros en tránsito a fin de mes
- Tasa de hash potencial de 639 PH/s
El CEO Bruce Rodgers destacó la expansión de su nueva instalación de hosting de 15 MW cerca de Oklahoma City, donde trasladaron alrededor de 3,000 máquinas Antminer S19j Pro. Este movimiento se espera que reduzca significativamente los costos operativos. La compañía también está invirtiendo los ingresos de una reciente colocación privada y un préstamo no convertible garantizado de $5 millones en proyectos de alto retorno destinados a acelerar el crecimiento y generar rendimientos para los accionistas.
LM Funding America, Inc. (NASDAQ: LMFA)는 암호화폐 채굴 및 기술 기반 전문 금융 회사로, 2024년 8월 31일 기준의 Bitcoin 채굴 및 운영에 대한 비공식 초기 업데이트를 발표했습니다. 회사는 다음과 같은 내용을 보고했습니다:
- 월말 기준 Bitcoin 보유량 135.7, 약 $8.7 백만으로 평가됨
- 8월 동안 7.2 Bitcoin이 채굴됨
- 월말 기준 3,700 대의 채굴기가 배치되었으며 2,200 대의 채굴기가 운송 중임
- 잠재적 해시레이트 639 PH/s
CEO 브루스 로저스는 오클라호마 시 근처에 새로운 15 MW 호스팅 시설의 확장을 강조했습니다. 이곳에서 약 3,000 대의 Antminer S19j Pro 기계를 이전했습니다. 이 이동은 운영비용을 크게 줄일 것으로 예상됩니다. 회사는 또한 최근의 사모 배치 및 5백만 달러의 담보 비전환 대출에서 발생한 수익을 고수익 프로젝트에 투자하여 성장을 가속화하고 주주 수익을 증가시키고 있습니다.
LM Funding America, Inc. (NASDAQ: LMFA), une société de financement spécialisée basée sur la technologie de la cryptomonnaie et le minage, a publié sa mise à jour préliminaire et non vérifiée sur le minage de Bitcoin et les opérations au 31 août 2024. L'entreprise a rapporté :
- Possessions de Bitcoin de 135,7 à la fin du mois, évaluées à environ 8,7 millions de dollars
- 7,2 Bitcoin minés en août
- 3 700 mineurs déployés et 2 200 mineurs en transit à la fin du mois
- Taux de hachage potentiel de 639 PH/s
Le PDG Bruce Rodgers a souligné l'expansion de leur nouvelle installation d'hébergement de 15 MW près d'Oklahoma City, où ils ont déplacé environ 3 000 machines Antminer S19j Pro. Ce déménagement devrait réduire considérablement les coûts d'exploitation. L'entreprise investit également les produits d'une récente émission privée et d'un prêt non convertible garanti de 5 millions de dollars dans des projets à fort rendement visant à accélérer la croissance et à augmenter les rendements des actionnaires.
LM Funding America, Inc. (NASDAQ: LMFA), ein auf Kryptowährungs-Mining und technologieorientierte Fachfinanzierungsunternehmen, hat sein vorläufiges, ungeprüftes Update zum Bitcoin-Mining und zu den Betriebszahlen zum 31. August 2024 veröffentlicht. Das Unternehmen berichtete:
- Bitcoin-Besitz von 135,7 zum Monatsende, bewertet auf etwa 8,7 Millionen Dollar
- 7,2 Bitcoin wurden im August geminet
- 3.700 Miner im Einsatz und 2.200 Miner am Monatsende im Transit
- Potenziale Hash-Rate von 639 PH/s
CEO Bruce Rodgers hob die Erweiterung ihrer neuen 15 MW Hosting-Einrichtung nahe Oklahoma City hervor, wo sie etwa 3.000 Antminer S19j Pro Maschinen umgesiedelt haben. Dieser Schritt wird voraussichtlich die Betriebskosten erheblich senken. Das Unternehmen investiert auch die Erlöse aus einer kürzlich durchgeführten Privatplatzierung und einem 5 Millionen Dollar gesicherten nicht konvertierbaren Darlehen in hochrentable Projekte, die darauf abzielen, das Wachstum zu beschleunigen und die Rendite für die Aktionäre zu steigern.
- Bitcoin holdings valued at approximately $8.7 million as of August 31, 2024
- 7.2 Bitcoin mined in August 2024
- Expansion of new 15 MW hosting facility near Oklahoma City
- Relocation of 3,000 Antminer S19j Pro machines expected to reduce operating expenses
- Secured $5 million non-convertible loan facility for high-return projects
- Decrease in miners deployed from 5,940 in Q1 2024 to 3,700 in August 2024
- Reduction in monthly Bitcoin mined from 86.4 in Q1 2024 to 7.2 in August 2024
Insights
LM Funding America's August update reveals some interesting developments. The company's Bitcoin holdings of 135.7 BTC, valued at approximately
The reduction in deployed miners from 5,940 in Q1 to 3,700 in August is noteworthy. This
The recent private placement and
TAMPA, Fla., Sept. 25, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, today provided a preliminary, unaudited Bitcoin mining and operational update for the month ended August 31, 2024.
| Metrics * | Three Months 1st Qtr. 2024 | One Month April 30, 2024 | One Month May 31, 2024 | One Month June 30, 2024 | One Month July 31, 2024 | One Month August 31, 2024 | Eight Months Ended August 31, 2024 | |||||||
| Bitcoin Beginning Balance | 95.1 | 163.4 | 155.1 | 163.1 | 160.5 | 132.5 | 95.1 | |||||||
| Bitcoin Mined, net | 86.4 | 24.7 | 14.0 | 5.4 | 4.6 | 7.2 | 142.3 | |||||||
| Bitcoin Sold | (18.0 | ) | (33.0 | ) | (6.0 | ) | (8.0 | ) | (32.5 | ) | (4.0 | ) | (101.5 | ) |
| Service Fee | (0.1 | ) | - | - | - | (0.1 | ) | - | (0.2 | ) | ||||
| Bitcoin Holdings at Month End | 163.4 | 155.1 | 163.1 | 160.5 | 132.5 | 135.7 | 135.7 | |||||||
| Approximate Miners Deployed at Month End | 5,940 | 5,880 | 5,510 | 1,878 | 3,800 | 3,700 | ||||||||
| Approximate Miners In-Transit at Month End | 370 | 4,002 | 2,080 | 2,200 | ||||||||||
| Approximate Potential Hash Rate at Month End (PH/s) | 614 | 639 | 639 | 639 | 639 | 639 | ||||||||
*Unaudited
The Company estimates that the value of its 135.7 Bitcoin holdings on August 31, 2024, was approximately
Bruce Rodgers, Chairman and CEO of LM Funding, commented, "We continue to make significant progress on our key initiatives, including the expansion of our new 15 MW hosting facility near Oklahoma City, where we relocated approximately 3,000 Antminer S19j Pro machines. Hosting these machines at cost for the next six months will enable us to significantly reduce our operating expenses.”
“We are also investing the proceeds from our recent private placement, alongside the
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
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