LM Funding America Bounces Strong Amid Acquisition News

Due to LM Funding America’s continuous growth, and in order to expand its operations, the company has purchased an additional 4,000 S19J Antminer Machines from Bitmain for a total price of $25 million. This acquisition completes the Company’s acquisition of 1,000 Bitmain Miner machines previously announced in September 2021. LMFA has placed another order for 4,000 S19J Pro Antminer machines from Bitmain. These machines are high-speed, high-capacity, and energy-efficient miners that use the Bitmain S19J algorithm.

Upon the delivery of all 5,000 machines, LMFA will have a capacity of approximately 504 petahash, which can generate up to 100 Bitcoin per month. Uptime LLC, a subsidiary of Miami-based Bit5ive, has contracted with a local manufacturer to build 18 Pod5ive mining containers. The company also announced that it has agreed to host one of Bit5ive’s mining locations in the US.