LM Funding America, Inc. Upgrades Fleet Efficiency and Hashrate with Luxor Firmware by 10-15%
LM Funding America (NASDAQ:LMFA) announced a strategic partnership between its US Digital Mining and Hosting Co (USDM) subsidiary and Luxor Technology to implement LuxOS firmware across its Bitcoin mining fleet. The upgrade, completed in early February 2025, is expected to increase mining efficiency by 10-15% without additional hardware investment.
The implementation aims to optimize machines, boost hashrate, and enhance system reliability across various operational conditions. The upgrade is anticipated to directly improve profitability and extend machine life. The partnership focuses on maximizing uptime and reducing costs while ensuring reliable system operation even in challenging conditions.
LM Funding America (NASDAQ:LMFA) ha annunciato una partnership strategica tra la sua sussidiaria US Digital Mining and Hosting Co (USDM) e Luxor Technology per implementare il firmware LuxOS nella sua flotta di mining Bitcoin. L'aggiornamento, completato all'inizio di febbraio 2025, si prevede che aumenti l'efficienza mineraria del 10-15% senza necessità di ulteriori investimenti hardware.
L'implementazione mira a ottimizzare le macchine, aumentare il hashrate e migliorare l'affidabilità del sistema in diverse condizioni operative. Si prevede che l'aggiornamento migliori direttamente la redditività e prolunghi la vita delle macchine. La partnership si concentra sulla massimizzazione del tempo di attività e sulla riduzione dei costi, garantendo al contempo un funzionamento affidabile del sistema anche in condizioni difficili.
LM Funding America (NASDAQ:LMFA) anunció una asociación estratégica entre su subsidiaria US Digital Mining and Hosting Co (USDM) y Luxor Technology para implementar el firmware LuxOS en su flota de minería de Bitcoin. La actualización, completada a principios de febrero de 2025, se espera que aumente la eficiencia de la minería en un 10-15% sin necesidad de inversión adicional en hardware.
La implementación tiene como objetivo optimizar las máquinas, aumentar el hashrate y mejorar la fiabilidad del sistema en diversas condiciones operativas. Se anticipa que la actualización mejorará directamente la rentabilidad y extenderá la vida útil de las máquinas. La asociación se centra en maximizar el tiempo de actividad y reducir costos, asegurando un funcionamiento del sistema confiable incluso en condiciones desafiantes.
LM Funding America (NASDAQ:LMFA)는 자회사인 US Digital Mining and Hosting Co (USDM)와 Luxor Technology 간의 전략적 파트너십을 발표하여 Bitcoin 채굴 함대 전반에 LuxOS 펌웨어를 구현할 계획이다. 2025년 2월 초에 완료된 이번 업그레이드는 10-15%의 채굴 효율성을 증가시킬 것으로 예상된다 추가 하드웨어 투자 없이.
이번 구현은 기계를 최적화하고, 해시레이트를 증가시키며, 다양한 운영 조건에서 시스템의 신뢰성을 향상시키는 것을 목표로 한다. 업그레이드는 수익성 향상과 기계 수명 연장을 직접적으로 개선할 것으로 예상된다. 이 파트너십은 가동 시간을 극대화하고 비용을 절감하는 동시에 어려운 조건에서도 시스템 운영의 신뢰성을 보장하는 데 중점을 두고 있다.
LM Funding America (NASDAQ:LMFA) a annoncé un partenariat stratégique entre sa filiale US Digital Mining and Hosting Co (USDM) et Luxor Technology pour mettre en œuvre le firmware LuxOS sur sa flotte de minage Bitcoin. La mise à niveau, achevée début février 2025, devrait augmenter l'efficacité minière de 10 à 15% sans investissement matériel supplémentaire.
La mise en œuvre vise à optimiser les machines, augmenter le hashrate et améliorer la fiabilité du système dans diverses conditions opérationnelles. On prévoit que la mise à niveau améliorera directement la rentabilité et prolongera la durée de vie des machines. Le partenariat se concentre sur la maximisation du temps de fonctionnement et la réduction des coûts tout en garantissant un fonctionnement fiable du système même dans des conditions difficiles.
LM Funding America (NASDAQ:LMFA) hat eine strategische Partnerschaft zwischen seiner Tochtergesellschaft US Digital Mining and Hosting Co (USDM) und Luxor Technology angekündigt, um die LuxOS-Firmware in seiner Bitcoin-Mining-Flotte zu implementieren. Das Upgrade, das Anfang Februar 2025 abgeschlossen wurde, soll die Mining-Effizienz um 10-15% erhöhen, ohne zusätzliche Hardware-Investitionen.
Die Implementierung zielt darauf ab, Maschinen zu optimieren, die Hashrate zu steigern und die Systemzuverlässigkeit unter verschiedenen Betriebsbedingungen zu verbessern. Es wird erwartet, dass das Upgrade die Rentabilität direkt verbessert und die Lebensdauer der Maschinen verlängert. Die Partnerschaft konzentriert sich darauf, die Betriebszeit zu maximieren und die Kosten zu senken, während gleichzeitig ein zuverlässiger Systembetrieb selbst unter herausfordernden Bedingungen gewährleistet wird.
- 10-15% increase in Bitcoin mining efficiency
- Higher profitability through improved hashrate without additional hardware investment
- Extended machine life expectancy
- Reduced operational costs
- None.
Insights
The implementation of Luxor's LuxOS firmware represents a significant technological leap for LM Funding's mining operations, offering a 10-15% efficiency boost that directly impacts the company's bottom line. This upgrade is particularly well-timed, considering the approaching Bitcoin halving event, where mining rewards will be reduced by half.
The efficiency improvement carries several key implications:
- The enhanced hashrate without additional hardware investment means improved capital efficiency and resource utilization, effectively reducing the cost per Bitcoin mined.
- Extended machine life translates to delayed capital expenditure requirements for equipment replacement, improving long-term operational sustainability.
- Higher system reliability across various operational conditions suggests reduced downtime and maintenance costs, contributing to more consistent mining output.
From a competitive standpoint, this optimization positions LMFA more favorably in the mining sector, where margins are often thin and operational efficiency is crucial. The partnership with Luxor, a recognized leader in mining software services, also provides strategic advantages in terms of ongoing technical support and potential future optimizations.
The timing of this upgrade is particularly strategic, as it helps buffer against the upcoming Bitcoin halving impact by improving operational efficiency before mining rewards decrease. This proactive approach to optimization demonstrates management's forward-thinking strategy in maintaining competitive mining operations.
TAMPA, Fla., Feb. 19, 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 a strategic partnership between its US Digital Mining and Hosting Co subsidiary (“USDM”) and Luxor Technology Corporation (“Luxor”), a leader in Bitcoin mining software services, for the deployment of LuxOS firmware on the Company’s Bitcoin mining fleet.
The LuxOS firmware upgrade was completed in early February 2025 and is expected to optimize the Company’s machines, increase efficiency and hashrate, and improve overall system reliability across various operational conditions. LM Funding expects this software upgrade to enhance its Bitcoin mining efficiency by 10
Bruce M. Rodgers, Chairman and CEO of LM Funding, stated, "We are very pleased about this partnership as it enhances our hashrate by another 10
Aaron Foster, Director of Business Development at Luxor, added, “This partnership represents a critical step forward in optimizing USDM’s mining operations, maximizing uptime, reducing costs, and ensuring systems operate reliably even in challenging conditions. Together with Luxor, the Company is setting a new standard for mining efficiency, profit maximization and performance.”
About LuxOS
Technology: LuxOS’s intelligent auto-tuning, machine voltage and frequency are precisely adjusted to maximize hashrate while reducing power consumption. Additionally, LuxOS’s Advanced Thermal Management system proactively maximizes fleet uptime by dynamically adjusting performance based on temperature thresholds, ensuring long-term operation stability.
Audit and Compliance: Luxor is the only U.S. based firmware to achieve SOC 2 (Type II) certification, demonstrating the Company’s commitment to security, reliability, and compliance. Luxor’s certification ensures that institutional Bitcoin mining operations meet the highest standards set by the industry’s top auditors and best practices.
About LM Funding America
LM Funding America, Inc. (Nasdaq: LMFA), operates as a Bitcoin mining and specialty finance company. The company was founded in 2008 and is based in Tampa, Florida. For more information, please visit https://www.lmfunding.com.
About Luxor Technology Corporation
Luxor Technology Corporation is a Bitcoin mining software and services company that offers a suite of products catered toward the mining and compute power industry. Luxor’s suite of software and services includes an Antminer ASIC Firmware, an ASIC Marketplace, a Bitcoin mining pool, a Hashrate Derivatives Desk, and a Bitcoin mining data platform.
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.
For investor and media inquiries, please contact:
LM Funding America, Inc.
Investor Relations
Orange Group
Yujia Zhai
LMFundingIR@orangegroupadvisors.com
Luxor Technology Corporation
Director, Business Development
Aaron Foster
aaron@luxor.tech
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