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LM Funding America (LMFA) just unveiled an announcement.
LM Funding America, Inc. has secured a $5 million senior secured term loan from SE & AJ Liebel Limited Partnership to boost its Bitcoin mining operations, including the purchase of 11,100 Bitmain S21 Antminers. The loan is backed by Bitcoin and the company’s assets, carries a 12% annual interest rate, and is due in 2026. Monthly interest payments are set at $50,000, and the company retains the option to prepay without penalty. This strategic financial move aims to enhance the company’s hosting infrastructure and expand its mining capacity.
See more data about LMFA stock on TipRanks’ Stock Analysis page.
