Bruce Rodgers, Chairman and CEO of LM Funding (LMFA) remarked, “We are pleased with the continued progress and performance of our Bitcoin mining operations. As of December 31, 2024, we held 150.2 Bitcoin. In Q4 2024, we anticipate recognizing a Gain on Fair Value of Mined Bitcoin of approximately $4M on our Bitcoin holdings. This result further strengthens our confidence in our strategy and reinforces our belief in Bitcoin’s substantial growth potential as we enter 2025.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMFA:
- LM Funding files to sell 3.47M shares of common stock for holders
- Crypto Currents: MicroStrategy buys more bitcoin
- LM Funding orders 270 Bitmain S21+ mining machines
- LM Funding America Expands and Strengthens Financial Position
- LM Funding enters into warrant exercise transaction of $5.1M in proceeds
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue