LM Funding America, Inc. Provides Monthly Operational And Bitcoin Mining Update for April 30, 2024; Estimates The Value Of Its 155.1 Bitcoin Holdings On April 30, 2024, Was ~$9.7M
Portfolio Pulse from Benzinga Newsdesk
LM Funding America, Inc. (NASDAQ:LMFA), a cryptocurrency mining and specialty finance company, provided an update for April 2024, revealing a Bitcoin holding of 155.1 BTC valued at approximately $9.7M. The company reported net mining of 111.1 BTC over four months, with a total of 51.0 BTC sold. The deployment of Bitmain S21 machines increased hashing power to 639 Ph/s.
May 09, 2024 | 1:12 pm
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LM Funding America, Inc. reports a significant Bitcoin holding and successful mining operations, with an increase in hashing power due to new equipment.
The positive update on Bitcoin holdings and the successful deployment of new mining equipment suggests a strong operational performance. This could lead to increased investor confidence in LMFA's cryptocurrency mining operations and its ability to generate value from its Bitcoin holdings. The reported increase in hashing power indicates an enhanced capacity for Bitcoin mining, potentially leading to higher future earnings from mining activities.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100