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LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today provided a preliminary, unaudited Bitcoin mining update for the month ended April 30, 2024.
Metrics * | One Month January 31, 2024 | One Month February 29, 2024 | One Month March 31, 2024 | One Month April 30, 2024 | Four Months April 30, 2024 |
| Bitcoin Beginning Balance | 95.1 | 126.8 | 153.6 | 163.4 | 95.1 |
| Bitcoin Mined, net | 31.7 | 26.8 | 27.9 | 24.7 | 111.1 |
| Bitcoin Sold | - | - | (18.0) | (33.0) | (51.0) |
| Service Fee | - | - | (0.1) | - | (0.1) |
| Bitcoin Holdings | 126.8 | 153.6 | 163.4 | 155.1 | 155.1 |
| Approximate Miners Deployed at Month End | 5,950 | 5,940 | 5,940 | 5,880 | |
| Approximate Deployed Hash Rate at Month End (PH/s) | 615 | 614 | 614 | 639 |
*Unaudited
Bruce M. Rodgers, Chairman and CEO of LM Funding, stated, "In light of the halving, our mining operations delivered solid results in April 2024. The new state-of-the-art Bitmain S21 200 TH/s machines were delivered and installed during March and April which increased our total hashing power to 639 Ph/s."
The Company estimates the value of its 155.1 Bitcoin holdings on April 30, 2024, was approximately $9.7 million, based on an estimated May 8, 2024, BTC price of $62,500.
Posted In: LMFA
