LM Funding America, Inc. Provides Quarterly Operational And Bitcoin Mining Update For Three Months Ended December 31, 2023; 91.7 Bitcoin Mined; Bitcoin Holdings 83.6
Portfolio Pulse from Benzinga Newsdesk
LM Funding America, Inc. (NASDAQ:LMFA) reported its preliminary, unaudited Bitcoin mining results for Q4 and the full year of 2023. In Q4, LMFA mined 108.0 Bitcoin and sold 103.0 Bitcoin, generating about $3.4 million. Throughout 2023, the company mined a total of 423.4 Bitcoin and sold 385.0 Bitcoin. As of December 31, 2023, LMFA held 95.1 Bitcoin valued at approximately $4.0 million. The company is preparing for the Bitcoin halving event expected in the first half of 2024.
January 18, 2024 | 1:40 pm
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POSITIVE IMPACT
LMFA reported strong Bitcoin mining results for Q4 2023, with a total of 108.0 Bitcoin mined and 103.0 sold, generating $3.4 million. The company holds 95.1 Bitcoin valued at $4.0 million, indicating a solid financial position as it anticipates the Bitcoin halving event in 2024.
The positive mining update, with a significant number of Bitcoin mined and sold, suggests a strong operational performance. The anticipation of the Bitcoin halving event could also create positive sentiment among investors, potentially leading to a short-term increase in LMFA's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100