LM Funding (LMFA) America provided a preliminary, unaudited Bitcoin mining and operational update for the month ended October 31, 2024. Richard Russell, Chief Financial Officer of LM Funding, stated, “Mining production was slightly higher in October 2024 compared to September 2024, attributed to the installation of more efficient software on our existing machines and improved uptime efficiency. As we continue to refine and expand our operations, we are emphasizing the accumulation of our BTC holdings in anticipation of the BTC price increases to complement the vertical integration strategy announced earlier this year.”
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMFA:
- LM Funding America Expands with New Bitcoin Mining Site
- LM Funding signs asset purchase agreement to acquire assets of mining site
- LM Funding America Reports Q3 2024 Financials and Strategic Shift
- LM Funding reports Q3 EPS ($2.41) vs ($1.97) last year
- LM Funding America Announces Key Approvals and Elections