Welcome to our dedicated page for Lm Fdg Amer news (Ticker: LMFA), a resource for investors and traders seeking the latest updates and insights on Lm Fdg Amer stock.
LM Funding America Inc (LMFA) maintains this dedicated news hub to provide stakeholders with comprehensive updates across its specialty finance and cryptocurrency mining operations. Our curated collection features official press releases, financial disclosures, and strategic announcements from the company.
Key resources include: Quarterly earnings reports detailing performance across both business segments, operational updates on Bitcoin mining capacity expansions, and partnership announcements with community associations. Investors will find timely information about capital allocation strategies and regulatory developments affecting both industries.
This centralized repository enables efficient tracking of LMFA's progress in converting delinquent assessments into working capital through innovative funding solutions, while simultaneously monitoring advancements in its energy-efficient mining infrastructure. Content is organized chronologically showcase the company's dual-sector growth without promotional commentary.
For ongoing monitoring, we recommend this page for bookmarking or RSS subscription. Check regularly for updates on new association partnerships, mining facility optimizations, and financial performance metrics that demonstrate LMFA's unique market position.
LM Funding America has announced an expansion of its contract with Core Scientific to host an additional 900 bitcoin mining machines, expected to be operational by the end of
Chairman and CEO Bruce M. Rodgers expressed satisfaction with the agreement, emphasizing the growth of their mining operations since starting in
LM Funding America, Inc. (NASDAQ: LMFA) reported a significant 93% increase in total revenue for 2022, totaling around $1.7 million, primarily driven by Bitcoin mining operations initiated in late 2022. As of year-end, the company operated approximately 2,800 mining machines with a capacity of 280 PH/s. The company anticipates expanding this capacity to about 600 PH/s by mid-2023. Financially, LMFA reported working capital of $8.3 million and stockholders' equity of $49.2 million ($3.76 per share). CEO Bruce Rodgers emphasized the strategic transformation into a Bitcoin mining company as a foundation for future growth.
On March 13, 2023, LM Funding America (NASDAQ: LMFA) announced a contract to host 500 bitcoin mining machines with Aspen Creek Digital Corporation. These machines are expected to be electrified and operational by the end of March 2023, achieving a capacity of approximately 370 petahash. The mining operation will utilize a mix of behind-the-meter solar and grid electricity. This expansion follows the company's commencement of bitcoin mining in September 2022. LM Funding also provides financial services to nonprofit community associations across several states, including Florida and Colorado.
LM Funding America, Inc. (NASDAQ: LMFA) will participate in the World Digital Mining Summit in Singapore on February 21, 2023. This summit, hosted by BITMAIN, brings together leaders in cryptocurrency mining to explore investment opportunities and trends in Web 3.0. Bruce M. Rodgers, Chairman and CEO, expressed excitement for the chance to form strategic partnerships and expand blockchain contracts. The company, which began Bitcoin mining in September 2022, also supports nonprofit community associations, primarily in Florida and several other states. Participation in this summit aims to enhance LMFA’s presence in the cryptocurrency sector.
LM Funding America, Inc. (NASDAQ:LMFA) announced that its Chairman and CEO, Bruce Rodgers, will appear on Bloomberg Radio's Bloomberg Businessweek on December 23, 2022, at approximately 3:20 PM ET. The company, which began Bitcoin mining operations in September 2022, also offers funding to nonprofit community associations in Florida and other states. The press release mentions forward-looking statements related to various risks, including those tied to cryptocurrency mining and operational uncertainties.
LM Funding America (NASDAQ:LMFA) announced that its Chairman and CEO, Bruce Rodgers, will appear on BNN Bloomberg's national show, The Close, on December 15 at 3:20 PM ET. The Company operates in cryptocurrency mining, commencing operations in September 2022, and also provides funding to nonprofit community associations in Florida and other states. Forward-looking statements in the PR highlight risks including cryptocurrency market volatility and operational challenges, emphasizing the need for careful consideration of these factors.
LM Funding America (LMFA) announced that its Chairman and CEO, Bruce Rodgers, will appear on CNBC’s Crypto World today, December 6, at approximately 3:00 PM ET.
The company, which began Bitcoin mining operations in September 2022, also operates a finance business serving nonprofit community associations primarily in Florida, Washington, Colorado, and Illinois.
Investors are urged to consider risks including cryptocurrency market volatility and operational challenges in mining.
