{"id":814822,"date":"2025-02-19T08:08:23","date_gmt":"2025-02-19T13:08:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-america-inc-upgrades-fleet-efficiency-and-hashrate-with-luxor-firmware-by-10-15\/"},"modified":"2025-02-19T08:08:23","modified_gmt":"2025-02-19T13:08:23","slug":"lm-funding-america-inc-upgrades-fleet-efficiency-and-hashrate-with-luxor-firmware-by-10-15","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-america-inc-upgrades-fleet-efficiency-and-hashrate-with-luxor-firmware-by-10-15\/","title":{"rendered":"LM Funding America, Inc. Upgrades Fleet Efficiency and Hashrate with Luxor Firmware by 10-15%"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">TAMPA, Fla., Feb.  19, 2025  (GLOBE NEWSWIRE) &#8212; <strong>LM Funding America, Inc. (NASDAQ:LMFA) (\u201cLM Funding\u201d or the \u201cCompany\u201d),<\/strong> a Bitcoin mining and technology-based specialty finance company, today announced a strategic partnership between its US Digital Mining and Hosting Co subsidiary (\u201cUSDM\u201d) and Luxor Technology Corporation (\u201cLuxor\u201d), a leader in Bitcoin mining software services, for the deployment of LuxOS firmware on the Company\u2019s Bitcoin mining fleet.<\/p>\n<p align=\"justify\">The LuxOS firmware upgrade was completed in early February 2025 and is expected to optimize the Company\u2019s machines, increase efficiency and hashrate, and improve overall system reliability across various operational conditions. LM Funding expects this software upgrade to enhance its Bitcoin mining efficiency by 10-15%, directly resulting in higher profitability and extending machine life.<\/p>\n<p align=\"justify\">Bruce M. Rodgers, Chairman and CEO of LM Funding, stated, &#8220;We are very pleased about this partnership as it enhances our hashrate by another 10-15% without any additional hardware investment. This enables us to mine more Bitcoin at higher margins and increase profitability.\u201d<\/p>\n<p align=\"justify\">Aaron Foster, Director of Business Development at Luxor, added, \u201cThis partnership represents a critical step forward in optimizing USDM\u2019s mining operations, maximizing uptime, reducing costs, and ensuring systems operate reliably even in challenging conditions. Together with Luxor, the Company is setting a new standard for mining efficiency, profit maximization and performance.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About LuxOS<\/strong><br \/>\n        <br \/>\n        <strong>Technology<\/strong><br \/>\n        <strong>: <\/strong>LuxOS\u2019s intelligent auto-tuning, machine voltage and frequency are precisely adjusted to maximize hashrate while reducing power consumption. Additionally, LuxOS\u2019s Advanced Thermal Management system proactively maximizes fleet uptime by dynamically adjusting performance based on temperature thresholds, ensuring long-term operation stability.<\/p>\n<p align=\"justify\">\n        <strong>Audit and Compliance: <\/strong>Luxor is the only U.S. based firmware to achieve SOC 2 (Type II) certification, demonstrating the Company\u2019s commitment to security, reliability, and compliance. Luxor\u2019s certification ensures that institutional Bitcoin mining operations meet the highest standards set by the industry\u2019s top auditors and best practices.<\/p>\n<p>\n        <strong>About LM Funding America<\/strong><br \/>\n        <br \/>LM Funding America, Inc. (Nasdaq: LMFA), operates as a Bitcoin mining and specialty finance company. The company was founded in 2008 and is based in Tampa, Florida. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=UM0KrPC0VY6CLl6Yc7mNhrrOIcsC4A_UeMmmSwZtZgSx0D0C1XkHmNz7aI_dVVRzHikKW7YmlX1SUKeKB-Ne_4swbWTKbZAU3YErqZKpcb8=\" rel=\"nofollow\" target=\"_blank\"><u>https:\/\/www.lmfunding.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong>About Luxor Technology Corporation<\/strong><br \/>\n        <br \/>Luxor Technology Corporation is a Bitcoin mining software and services company that offers a suite of products catered toward the mining and compute power industry. Luxor\u2019s suite of software and services includes an Antminer ASIC Firmware, an ASIC Marketplace, a Bitcoin mining pool, a Hashrate Derivatives Desk, and a Bitcoin mining data platform.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\u00a0<br \/><em>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&#8217;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 risks of operating in the cryptocurrency mining business, uncertainty in the cryptocurrency mining business in general, problems with hosting vendors in the mining business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, the ability to finance and grow our cryptocurrency mining operations, our ability to acquire new accounts in our specialty finance business at appropriate prices, the potential need for additional capital in the future, 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. 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>\u00a0<\/p>\n<p>\n        <strong>For investor and media inquiries, please contact:<\/strong>\u202f\u00a0<\/p>\n<p>\n        <strong>LM Funding America, Inc.<\/strong><br \/>\n        <br \/>Investor Relations\u202f\u00a0<br \/>Orange Group\u202f\u00a0<br \/>Yujia Zhai\u202f\u00a0<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=V5PHmWltASATEC09ytKGL6uCnq_WlTARDsw6V9saVuxEbJ7UvAAB2e68lWllEQvrxrTvqoxoRpkxpx_kdrBC6nqfQrEFpSdKmPXJbhE4ceyYiI_SuEe5k_Y2thyjLRMvA1ZHKjZLqRRj5Xznh-TvDg==\" rel=\"nofollow\" target=\"_blank\"><u>LMFundingIR@orangegroupadvisors.com<\/u><\/a>\u202f\u00a0<\/p>\n<p>\n        <strong>Luxor Technology Corporation<\/strong><br \/>\n        <br \/>Director, Business Development<br \/>Aaron Foster<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tEnrl_Zn3m7JfCsDGDPJEFL2fIZh69qLw9FBSZUZaezdOMFzAJ129b4uz_1JQlRZdGxs0QpQwDIQNp6zmO-Cnw==\" rel=\"nofollow\" target=\"_blank\"><u>aaron@luxor.tech<\/u><\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM2MDQ2OSM2NzU1ODU1IzIwMTk5Mjc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MDZiZDUxYTYtZTM3OS00MzY1LTk1NGItODZkOTA5OWEzY2Y3LTEwMzE0OTk=\/tiny\/LM-Funding-America-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TAMPA, Fla., Feb. 19, 2025 (GLOBE NEWSWIRE) &#8212; LM Funding America, Inc. (NASDAQ:LMFA) (\u201cLM Funding\u201d or the \u201cCompany\u201d), a Bitcoin mining and technology-based specialty finance company, today announced a strategic partnership between its US Digital Mining and Hosting Co subsidiary (\u201cUSDM\u201d) and Luxor Technology Corporation (\u201cLuxor\u201d), a leader in Bitcoin mining software services, for the deployment of LuxOS firmware on the Company\u2019s Bitcoin mining fleet. The LuxOS firmware upgrade was completed in early February 2025 and is expected to optimize the Company\u2019s machines, increase efficiency and hashrate, and improve overall system reliability across various operational conditions. LM Funding expects this software upgrade to enhance its Bitcoin mining efficiency by 10-15%, directly resulting in higher profitability and extending machine life. Bruce &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-america-inc-upgrades-fleet-efficiency-and-hashrate-with-luxor-firmware-by-10-15\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;LM Funding America, Inc. Upgrades Fleet Efficiency and Hashrate with Luxor Firmware by 10-15%&#8221;<\/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-814822","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LM Funding America, Inc. 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(NASDAQ:LMFA) (\u201cLM Funding\u201d or the \u201cCompany\u201d), a Bitcoin mining and technology-based specialty finance company, today announced a strategic partnership between its US Digital Mining and Hosting Co subsidiary (\u201cUSDM\u201d) and Luxor Technology Corporation (\u201cLuxor\u201d), a leader in Bitcoin mining software services, for the deployment of LuxOS firmware on the Company\u2019s Bitcoin mining fleet. The LuxOS firmware upgrade was completed in early February 2025 and is expected to optimize the Company\u2019s machines, increase efficiency and hashrate, and improve overall system reliability across various operational conditions. LM Funding expects this software upgrade to enhance its Bitcoin mining efficiency by 10-15%, directly resulting in higher profitability and extending machine life. Bruce &hellip; Continue reading &quot;LM Funding America, Inc. Upgrades Fleet Efficiency and Hashrate with Luxor Firmware by 10-15%&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lm-funding-america-inc-upgrades-fleet-efficiency-and-hashrate-with-luxor-firmware-by-10-15\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-19T13:08:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM2MDQ2OSM2NzU1ODU1IzIwMTk5Mjc=\" \/>\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-america-inc-upgrades-fleet-efficiency-and-hashrate-with-luxor-firmware-by-10-15\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lm-funding-america-inc-upgrades-fleet-efficiency-and-hashrate-with-luxor-firmware-by-10-15\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"LM Funding America, Inc. 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