LM Funding agrees to acquire 15MW Oklahoma mining site for $7.3M; expects Dec 2024 close

LM FUNDING AMERICA, INC.

Purchase price $7.3M: $1.1M cash, $3.7M credit against prior loans, $2.5M escrow for third-party miner exit.
Company lent additional $0.7M to seller at signing; aggregate loans total $3.7M.
Acquisition includes air-cooled GIGA containers, transformers, infrastructure; site currently hosts 10MW of LMFA miners.
Post-close, LMFA plans to deploy ~800 S21/XP and 640 S19J Pro miners; third-party vacated by Jan 2025.
CEO Rodgers says acquisition is 'pivotal first step' toward vertical integration in Bitcoin mining.

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