LM Funding Invests in S21 Bitmain Mining Machines in Advance of 2024 Bitcoin Halving Event
Purchases 300, high-efficiency, S21 Antminers for $1.1 Million
Delivery of machines expected during second quarter of 2024
TAMPA, FL, Jan. 16, 2024 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ:LMFA) (“LM Funding” or the “Company”) a cryptocurrency mining and technology-based specialty finance company, today announced that it has entered into an agreement to purchase 300 Bitmain S21 Antminer machines for approximately $1.1 million. The S21 is a high efficiency, high hash rate machine mining SHA-256 algorithm manufactured by Bitmain that generates a hash rate of 200 TH/s with a power consumption of 3,500 W. The delivery of the machines is expected during the second quarter of 2024, and once operational, will bring the Company’s mining capacity to 674 PH.
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