other material
confidence high
sentiment positive
materiality 0.55
LM Funding mined 7.3 BTC in October; holdings 140.5 BTC (~$13.3M); adds Oklahoma mining site
LM FUNDING AMERICA, INC.
- Net Bitcoin mined 7.3 in October 2024 vs 36.9 a year ago; sold 9 BTC during month.
- BTC holdings of 140.5 valued at ~$13.3M using estimated BTC price of $94,700.
- Deployed miners 3,700; 2,180 miners in-transit; potential hash rate 639 PH/s.
- Acquired 15 MW Oklahoma mining site adding 5 MW capacity; closing expected early December.
- Plans to add an additional 60 MW in Q1 2025 to scale operations.