LM Funding America raises $23M via PIPE and direct offering to buy Bitcoin

LM FUNDING AMERICA, INC.

Closed $10.4M PIPE and priced $12.6M registered direct offering; combined gross proceeds ~$23M.
Net proceeds primarily to purchase additional Bitcoin for corporate treasury.
Company holds 150 Bitcoin; path to 26 MW owned mining capacity.
Recently announced planned acquisition of 11 MW mining site from Greenidge Generation.
Bitcoin mining operations profitable on operating income basis, contributing incremental Bitcoin.

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