“The energization of our Oklahoma site and reaching our target of 0.56 active EH/s marks a significant achievement for LM Funding (LMFA),” stated Bruce Rodgers, Chairman and CEO of LM Funding. “Even though we are still a small player in this industry, our disciplined capital allocation, low overhead costs, and strong balance sheet affords us the opportunity to acquire more low-cost energy sites like our Oklahoma site and strategic M&A, while steadily building our Bitcoin holdings. Looking forward, we are pursuing green field and brown field power assets in the 5 to 20 MW range – which don’t meet large operators acquisition thresholds – to continue our growth.” The Company estimates that the value of its 158.2 Bitcoin holdings on January 31, 2025, was approximately $16.1 million, based on a Bitcoin price of approximately $102,000 as of January 31, 2025.
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Read More on LMFA:
- LM Funding achieves 560 PH/s with 15 MW Oklahoma mining site active
- LM Funding reports bitcoin holdings valued at $15M as of December 31
- LM Funding files to sell 3.47M shares of common stock for holders
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- LM Funding orders 270 Bitmain S21+ mining machines