LM Funding Boosts Mining Capacity by Early Delivery of Antminers from Investing.com


TAMPA, FL – LM Funding America, Inc. (NASDAQ:LMFA), a cryptocurrency mining and specialty finance company, today announced that it will receive an early delivery of 300 Bitmain S21 Antminer machines. The company expects to deploy the new mining hardware in early April, which is expected to increase mining capacity to 673 petahash.

The Bitmain S21 Antminers are highly efficient mining rigs with a hash rate of 200 terahash per second and a power consumption of 3,500 watts. They are designed for mining the SHA-256 algorithm used by several other cryptocurrencies.

Bruce M. Rodgers, Chairman and CEO of LM Funding, said the early delivery of the S21, originally expected in late March, was a positive development for the company. Rodgers expressed confidence that these machines will make a significant contribution to the company’s revenue growth, especially during the upcoming Bitcoin halving this year and the subsequent halving scheduled for 2028.

LM Funding America began Bitcoin mining operations in September 2022 and also operates a technology-based specialty financing business. This business segment provides funds to nonprofit associations in Florida, Washington, Colorado and Illinois by purchasing a portion of the associations’ rights to delinquent accounts.

The information in this article is based on a press release from LM Funding America, Inc.

Investing Pro Insights

As LM Funding America, Inc. (NASDAQ:LMFA) prepares to expand its cryptocurrency mining operations with the launch of new Bitmain S21 Antminer machines, the company’s financial health and market performance provide broader context for investors. With a focus on growth, analysts expect an increase in revenue for the current year, in line with the company’s expansion efforts in the mining sector. This optimism is reflected in the company’s impressive revenue growth over the last twelve months, which stands at 993.94% and represents a significant increase in the company’s financial activities.

Value-oriented investors may find LMFA’s low price-to-book ratio of 0.2 particularly interesting, suggesting that the company’s shares may be undervalued relative to its assets. This metric often attracts investors looking for potential bargains in the market.

Despite these positive indicators, potential investors should be aware that LMFA trades with high price volatility, which could indicate a higher risk profile. The company is also burning through cash quickly, with an operating profit margin of -173.77% in the trailing twelve months, highlighting the need for careful financial management going forward.

For those who want to dive deeper into LM Funding America’s finances and future prospects, there are more InvestingPro Tips available. By using the voucher code PRONEWS24Readers can receive an additional 10% discount on an annual or two-year Pro and Pro+ subscription to access these insights, which include stock performance analysis, profitability forecasts and more.

InvestingPro Data’s metrics show a market capitalization of $7.11 million, highlighting the company’s size in the financial markets. The revenue figures and the recent significant return of 17.1% last week could indicate positive investor sentiment following the announcement of early delivery of mining hardware.

For investors who want to explore further, there are over ten more InvestingPro Tips available and provides a comprehensive analysis of LMFA’s financial health and market trends.

This article was created with the assistance of AI and reviewed by an editor. More information can be found in our terms and conditions.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

mother sex videos sexxxymovs.com desipapa,com suzuka-sama's servant hentaimage.net hentai comics in english سكس مصرى خفى justporno.pro تيسا لين goan sexy girls popsexy.net hindi nangi sexy video hot sexy mms video flyporn.info porn mujra xx x vedeos porntubemania.info indaxnxx indian porn vidio asianporntrends.com www.xnxx telugu sixe video hinde pornous.net xvideozhot sex film nepali desisexy.org chut ki chudai hindi me hot babe having sex orangetube.org x videos in india aloha free sex videos chupaporntube.com indion couple xxx video كس نورهان porn-data.info سكس تقبيل xvideos9 indian-porn-movies.net bengali boudi 3x 相互オナニー mushusei.me 旦那不在の3日間パンストtバックで誘惑してくる人妻に即ハメ中出しした件。 saimin manga hentaiheven.net cast aoi by sanagi torajirou