LM Funding America ( (LMFA) ) has shared an update.
LM Funding America, Inc. is set to acquire a 15 MW mining site in Oklahoma for $7.3 million, marking a strategic move to expand its Bitcoin mining operations. This acquisition includes essential infrastructure and is part of LM Funding’s plan to become a vertically integrated Bitcoin mining operation, enhancing its capacity and reducing costs. The deal underscores LM Funding’s commitment to growth in the cryptocurrency mining sector, with plans to optimize current facilities and reinvest in new opportunities.
See more data about LMFA stock on TipRanks’ Stock Analysis page.