Financial HealthLMFA is well-capitalized, carrying $6M in cash and more than 142 BTC, or $12.9M, as of 3Q24, enough to support nearer-term infrastructure expansion and fleet upgrades.
Strategic ExpansionLMFA is repositioning with procurement of mining facilities in Oklahoma and Texas, a change from its prior infrastructure-light model, which supports higher capacity and lower operating costs.
Vertical IntegrationLMFA announced an asset purchase agreement to acquire a 15MW mining site in Oklahoma for $7.3M, enhancing vertical integration strategy and reducing higher hosting fees.