Seeking Alpha
2022-09-08 12:47:53

LM Funding America agrees with Core Scientific to operate 1,200 bitcoin mining machines

LM Funding America (NASDAQ:LMFA) entered into a hosting agreement with Core Scientific to host and operate 1,200 bitcoin mining machines with the potential to expand.Separately, the technology-based specialty finance company said it is purchasing 400 S19J Pro Miner Machines (S19J Pro) (100 TH/s) from Bitmain for ~$1.26M, bringing LMFA's total miner fleet to over 5,400 machines purchased. "We believe in Bitcoin's long term growth and are committed to acquiring Bitcoin efficiently," CEO Bruce Rodgers said.Source: Press Release

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