LM Funding closes $4M acquisition of 11 MW Mississippi Bitcoin mining site at $0.036/kWh

LM FUNDING AMERICA, INC.

Acquired 11 MW facility from Greenidge for $4.0M total including ~2,300 S19 miners (157 PH/s).
Site power price ~$0.036/kWh expected to lower fleet average; total owned capacity to reach 26 MW.
Funded via $1.3M secured loan (12% p.a., matures 2027) plus existing cash; additional $700k tranche available Oct 15, 2025.
CEO highlights strategy of buying undervalued power assets; President cites firmware optimizations to improve margins.

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