LM Funding America Expands Bitcoin Mining Capacity Significantly
Groundbreaking Expansion in Bitcoin Mining Capacity
Recently, LM Funding America, Inc. (NASDAQ: LMFA), a company specializing in Bitcoin mining and technology-based finance, announced an exciting milestone for its operations. The company has successfully deployed approximately 432 petahash per second (PH/s) of mining equipment at its 15 megawatt (MW) site located in Oklahoma. This breakthrough in mining capacity elevates the company's total hashrate to a remarkable 560 PH/s across several mining locations.
Strategic Growth and Commitment to Excellence
Bruce M. Rodgers, the Chairman and CEO of LM Funding America, expressed his enthusiasm for this achievement, emphasizing the company’s ongoing commitment to expanding its operations. He stated, "With the deployment of additional miners at our Oklahoma site, we have reached a significant operational capacity of approximately 560 PH/s across our mining operations. This accomplishment reflects our dedication to meeting our established objectives. We are eager to pursue new mining site acquisitions that align with our strategic investment vision."
Team Efforts Showcase Operational Excellence
Ryan Duran, President of the US Digital Mining & Hosting Company subsidiary, highlighted the team's dedication and efforts that led to this impressive milestone. He remarked, "Our team has successfully transitioned 1,440 miners from storage to active status, underscoring our drive for operational excellence and laying the groundwork for future growth. Our strategic partnerships have been vital in realizing our installation targets, which paves the way for our continued success in the Bitcoin mining sphere."
About LM Funding America
Founded in 2008 and headquartered in Tampa, Florida, LM Funding America, Inc. (NASDAQ: LMFA) stands out in the Bitcoin mining and specialty finance industry. The corporation operates through two primary segments: Specialty Finance and Mining Operations. This structured approach allows the company to harness opportunities in the burgeoning field of cryptocurrency mining while focusing on financing solutions as well.
Contact Information
For those looking to reach out for more information, Crescendo Communications, LLC is the designated contact. They can be reached via telephone at (212) 671-1021 or through email at LMFA@crescendo-ir.com. The company’s website provides further insights into their operations and advancements.
Frequently Asked Questions
What is the recent mining capacity achieved by LM Funding America?
LM Funding America has achieved a total mining capacity of approximately 560 PH/s across its locations, with 432 PH/s designated to its Oklahoma site.
What strategic moves is LM Funding America planning for the future?
The company plans to aggressively pursue additional mining site acquisitions to support its growth objectives.
How has the team contributed to the recent achievements?
The team successfully transitioned 1,440 miners to active deployment, showcasing their commitment to operational excellence.
What segments does LM Funding America operate in?
LM Funding America operates through Specialty Finance and Mining Operations, allowing it to engage in multiple aspects of the cryptocurrency industry.
How can one contact LM Funding America for more information?
Interested individuals can contact Crescendo Communications, LLC at (212) 671-1021 or via email at LMFA@crescendo-ir.com for inquiries.
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