other material
confidence high
sentiment neutral
materiality 0.55
LM Funding mined 6.9 BTC in Nov; HODL 301.8 BTC valued at $27.5M ($2.25/sh)
LM FUNDING AMERICA, INC.
- November net Bitcoin production of 6.9, down from 7.5 in October; total HODL increased to 301.8 BTC.
- Bitcoin holdings valued at ~$27.5M based on ~$91,100 BTC price; equates to $2.25 per share vs stock close of $0.99.
- Curtailed mining to sell energy back to grid during late-month power price spike, generating ~$76,000.
- 2 MW immersion expansion in Oklahoma on schedule for energization by end of December; expected to increase total hashrate ~10%.
- Total energized hashrate remains 0.71 EH/s; machine count unchanged at 7,930.