LM Funding America (LMFA) just unveiled an announcement.
LM Funding America, Inc. has secured a $5 million senior secured term loan from SE & AJ Liebel Limited Partnership to boost its Bitcoin mining operations, including the purchase of 11,100 Bitmain S21 Antminers. The loan is backed by Bitcoin and the company’s assets, carries a 12% annual interest rate, and is due in 2026. Monthly interest payments are set at $50,000, and the company retains the option to prepay without penalty. This strategic financial move aims to enhance the company’s hosting infrastructure and expand its mining capacity.
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