LM Funding America Provides Quarterly Bitcoin Mining Update

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LM Funding America Provides Quarterly Bitcoin Mining Update

LM Funding America, Inc. (LMFA) today announced that it has mined approximately 106.35 Bitcoin (“BTC”) for the three months ended June 30, 2023, bringing the Company’s Bitcoin holdings to approximately 79.1 BTC as of June 30, 2023.

The Company also announced that it has installed Braiins OS+ software on 360 of its mining machines. Braiins OS+ software is expected to increase mining machine hashrate by as much as 25%. Machines operating Braiins OS+ software may mine with any pool or mine with Braiins pool and pay no pool fees to Braiins pool.

Additionally, the Company provided an update on the status of the 1,080 Bitcoin mining machines it had previously announced would be hosted by Giga Energy. Of the 1,080 Bitcoin mining machines, 720 of the mining machines have been placed at GIGA Energy’s site. About 360 of these machines are now powered and actively mining as of June 30, 2023. This brings the total number of mining machines of the Company that are actively mining Bitcoin to approximately 5,235 machines, which are generating approximately 543 PH as of June 30, 2023. The Company currently expects the remaining 720 machines to be powered and actively mining by July 31, 2023.

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