LM Funding America, Inc. Provides Monthly Operational Update And Announces 26.8 Bitcoin Mined In February
Portfolio Pulse from Benzinga Newsdesk
LM Funding America, Inc. (NASDAQ:LMFA), a cryptocurrency mining and finance company, announced it mined 26.8 Bitcoin in February 2024, increasing its total holdings to 153.6 Bitcoin. The company's Bitcoin holdings were valued at over $10.4 million as of March 8, 2024, based on a BTC price of $68,000. LM Funding did not sell any Bitcoin to fund operations, emphasizing a buy-and-hold strategy. The company plans to continue increasing its mining capacity by deploying more Bitmain S21 Antminer machines.
March 11, 2024 | 12:41 pm
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LM Funding America, Inc. reported mining 26.8 Bitcoin in February 2024, with total holdings now at 153.6 Bitcoin, valued at over $10.4 million. The company is focusing on a buy-and-hold strategy and plans to expand mining operations.
The positive update on Bitcoin mining and the significant value of Bitcoin holdings, coupled with a strategic focus on expanding mining operations without selling any Bitcoin, suggests a positive outlook for LMFA's financial health and operational growth. This could lead to increased investor confidence and potentially a positive impact on LMFA's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100