LM Funding America, Inc. announced a $23.0 million capital raise through a registered direct offering and private placement.
The majority of the proceeds will be used to strengthen the company's existing Bitcoin Treasury.
The strategic model combines Bitcoin mining with direct purchases for disciplined growth.
Capital Raise
$23 million raised through a registered direct offering and private placement.
Bitcoin Strategy
Funds to fortify existing Bitcoin Treasury operations and expand mining capacity.
Efficient Structure
Mining operations are profitable, contributing to long-term Bitcoin accumulation.
Planned Acquisition
Acquisition of an 11 MW mining site in Columbus, Mississippi to enhance mining capacity.
Future Growth
Positioned for future capital raising and shareholder value creation.
- LM Funding America is closer to unlocking additional capital-raising flexibility.
- The company's treasury strategy combines mining operations and direct Bitcoin purchases for disciplined growth.
- The acquisition of the mining site in Columbus, Mississippi is expected to expand low-cost mining capacity.
LM Funding America's strategic capital raise and Bitcoin treasury approach demonstrate a focused effort towards long-term growth and value creation in the cryptocurrency space.