{"id":688752,"date":"2022-09-26T08:33:34","date_gmt":"2022-09-26T12:33:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-commences-generation-of-bitcoin-mining-revenue\/"},"modified":"2022-09-26T08:33:34","modified_gmt":"2022-09-26T12:33:34","slug":"lm-funding-commences-generation-of-bitcoin-mining-revenue","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-commences-generation-of-bitcoin-mining-revenue\/","title":{"rendered":"LM Funding Commences Generation of Bitcoin Mining Revenue"},"content":{"rendered":"
\n

TAMPA, FL, Sept. 26, 2022 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ:LMFA) (“LM Funding” or “LMFA”)<\/b>\u00a0today announced the energization of 848 S19J Pro Antminer Mining Machines (S19J Pro) at the Core Scientific Inc. facility in Calvert City, Kentucky.<\/p>\n

\u201cWe are excited to energize our first machines in my home state of Kentucky,\u201d said Bruce M. Rodgers, Chairman and CEO of LM Funding and a Bowling Green, Kentucky native.\u00a0\u00a0\u201cWe plan to sell our mined Bitcoin to pay operating expenses and reinvest the balance in the purchase and operation of additional Bitcoin mining machines.\u201d\u00a0\u00a0Rodgers finished by stating, \u201cGenerating Bitcoin revenue\u00a0marks the successful execution to date of our cryptocurrency mining business strategy and next phase of growth for our Company.\u00a0\u00a0We continue to believe all 5,400 machines will be energized and anticipated to be generating approximately 544 petahash on an annualized basis by December 31, 2022.\u201d<\/p>\n

The Company also announced that has also ordered 200 Bitmain S19 XP mining machines that have a hashrate of 140 TH\/s and are expected to be delivered between December 2022 and January 2023.<\/p>\n

\n About LM Funding America<\/strong>
\n
LM Funding America, Inc., together with its subsidiaries, is a cryptocurrency mining business that commenced Bitcoin mining operations in September 2022.\u00a0\u00a0The Company also operates a technology-based specialty finance company that provides funding to nonprofit community associations (Associations) primarily located in the state of Florida, as well as in the states of Washington, Colorado and Illinois, by funding a certain portion of the Associations’ rights to delinquent accounts that are selected by the Associations arising from unpaid Association assessments.\u00a0<\/p>\n

\n Forward-Looking Statements<\/strong>
\n
\n This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cplan,\u201d and \u201cproject\u201d and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guaranties of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the company’s most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, uncertainty created by the COVID-19 pandemic, the risks of entering into and operating in the cryptocurrency mining business, the capacity of our bitcoin mining machines and our related ability to purchase power at reasonable prices, the financial stability of mining machine hosting vendors, the ability to finance our planned cryptocurrency mining operations, our ability to acquire new accounts in our specialty finance business at appropriate prices, the need for capital, our ability to hire and retain new employees, changes in governmental regulations that affect our ability to collected sufficient amounts on defaulted consumer receivables, changes in the credit or capital markets, changes in interest rates, and negative press regarding the debt collection industry.\u00a0 The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.<\/em>\n <\/p>\n

\n Contact:<\/strong>
\n
Crescendo Communications, LLC
Tel: (212) 671-1021
Email:\u00a0LMFA@crescendo-ir.com<\/u><\/a>\u00a0 <\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

TAMPA, FL, Sept. 26, 2022 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ:LMFA) (“LM Funding” or “LMFA”)\u00a0today announced the energization of 848 S19J Pro Antminer Mining Machines (S19J Pro) at the Core Scientific Inc. facility in Calvert City, Kentucky. \u201cWe are excited to energize our first machines in my home state of Kentucky,\u201d said Bruce M. Rodgers, Chairman and CEO of LM Funding and a Bowling Green, Kentucky native.\u00a0\u00a0\u201cWe plan to sell our mined Bitcoin to pay operating expenses and reinvest the balance in the purchase and operation of additional Bitcoin mining machines.\u201d\u00a0\u00a0Rodgers finished by stating, \u201cGenerating Bitcoin revenue\u00a0marks the successful execution to date of our cryptocurrency mining business strategy and next phase of growth for our Company.\u00a0\u00a0We continue to … <\/p>\n

Continue reading “LM Funding Commences Generation of Bitcoin Mining Revenue”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-688752","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLM Funding Commences Generation of Bitcoin Mining Revenue - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-commences-generation-of-bitcoin-mining-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LM Funding Commences Generation of Bitcoin Mining Revenue - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TAMPA, FL, Sept. 26, 2022 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ:LMFA) (“LM Funding” or “LMFA”)\u00a0today announced the energization of 848 S19J Pro Antminer Mining Machines (S19J Pro) at the Core Scientific Inc. facility in Calvert City, Kentucky. \u201cWe are excited to energize our first machines in my home state of Kentucky,\u201d said Bruce M. Rodgers, Chairman and CEO of LM Funding and a Bowling Green, Kentucky native.\u00a0\u00a0\u201cWe plan to sell our mined Bitcoin to pay operating expenses and reinvest the balance in the purchase and operation of additional Bitcoin mining machines.\u201d\u00a0\u00a0Rodgers finished by stating, \u201cGenerating Bitcoin revenue\u00a0marks the successful execution to date of our cryptocurrency mining business strategy and next phase of growth for our Company.\u00a0\u00a0We continue to … Continue reading "LM Funding Commences Generation of Bitcoin Mining Revenue"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-commences-generation-of-bitcoin-mining-revenue\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-26T12:33:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY1Mjg4OCM1MTcwNjYzIzUwMDEwODA5NA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lm-funding-commences-generation-of-bitcoin-mining-revenue\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lm-funding-commences-generation-of-bitcoin-mining-revenue\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"LM Funding Commences Generation of Bitcoin Mining Revenue\",\"datePublished\":\"2022-09-26T12:33:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lm-funding-commences-generation-of-bitcoin-mining-revenue\\\/\"},\"wordCount\":510,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lm-funding-commences-generation-of-bitcoin-mining-revenue\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODY1Mjg4OCM1MTcwNjYzIzUwMDEwODA5NA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lm-funding-commences-generation-of-bitcoin-mining-revenue\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lm-funding-commences-generation-of-bitcoin-mining-revenue\\\/\",\"name\":\"LM Funding Commences Generation of Bitcoin Mining Revenue - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lm-funding-commences-generation-of-bitcoin-mining-revenue\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lm-funding-commences-generation-of-bitcoin-mining-revenue\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODY1Mjg4OCM1MTcwNjYzIzUwMDEwODA5NA==\",\"datePublished\":\"2022-09-26T12:33:34+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lm-funding-commences-generation-of-bitcoin-mining-revenue\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lm-funding-commences-generation-of-bitcoin-mining-revenue\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lm-funding-commences-generation-of-bitcoin-mining-revenue\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODY1Mjg4OCM1MTcwNjYzIzUwMDEwODA5NA==\",\"contentUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODY1Mjg4OCM1MTcwNjYzIzUwMDEwODA5NA==\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lm-funding-commences-generation-of-bitcoin-mining-revenue\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"LM Funding Commences Generation of Bitcoin Mining Revenue\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"LM Funding Commences Generation of Bitcoin Mining Revenue - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-commences-generation-of-bitcoin-mining-revenue\/","og_locale":"en_US","og_type":"article","og_title":"LM Funding Commences Generation of Bitcoin Mining Revenue - Market Newsdesk","og_description":"TAMPA, FL, Sept. 26, 2022 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ:LMFA) (“LM Funding” or “LMFA”)\u00a0today announced the energization of 848 S19J Pro Antminer Mining Machines (S19J Pro) at the Core Scientific Inc. facility in Calvert City, Kentucky. \u201cWe are excited to energize our first machines in my home state of Kentucky,\u201d said Bruce M. Rodgers, Chairman and CEO of LM Funding and a Bowling Green, Kentucky native.\u00a0\u00a0\u201cWe plan to sell our mined Bitcoin to pay operating expenses and reinvest the balance in the purchase and operation of additional Bitcoin mining machines.\u201d\u00a0\u00a0Rodgers finished by stating, \u201cGenerating Bitcoin revenue\u00a0marks the successful execution to date of our cryptocurrency mining business strategy and next phase of growth for our Company.\u00a0\u00a0We continue to … Continue reading \"LM Funding Commences Generation of Bitcoin Mining Revenue\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-commences-generation-of-bitcoin-mining-revenue\/","og_site_name":"Market Newsdesk","article_published_time":"2022-09-26T12:33:34+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY1Mjg4OCM1MTcwNjYzIzUwMDEwODA5NA==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-commences-generation-of-bitcoin-mining-revenue\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-commences-generation-of-bitcoin-mining-revenue\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"LM Funding Commences Generation of Bitcoin Mining Revenue","datePublished":"2022-09-26T12:33:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-commences-generation-of-bitcoin-mining-revenue\/"},"wordCount":510,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-commences-generation-of-bitcoin-mining-revenue\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY1Mjg4OCM1MTcwNjYzIzUwMDEwODA5NA==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-commences-generation-of-bitcoin-mining-revenue\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-commences-generation-of-bitcoin-mining-revenue\/","name":"LM Funding Commences Generation of Bitcoin Mining Revenue - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-commences-generation-of-bitcoin-mining-revenue\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-commences-generation-of-bitcoin-mining-revenue\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY1Mjg4OCM1MTcwNjYzIzUwMDEwODA5NA==","datePublished":"2022-09-26T12:33:34+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-commences-generation-of-bitcoin-mining-revenue\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-commences-generation-of-bitcoin-mining-revenue\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-commences-generation-of-bitcoin-mining-revenue\/#primaryimage","url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY1Mjg4OCM1MTcwNjYzIzUwMDEwODA5NA==","contentUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY1Mjg4OCM1MTcwNjYzIzUwMDEwODA5NA=="},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-commences-generation-of-bitcoin-mining-revenue\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"LM Funding Commences Generation of Bitcoin Mining Revenue"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/688752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=688752"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/688752\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=688752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=688752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=688752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}