Bruce Rodgers, Chairman and CEO of LM Funding, stated, “Our Bitcoin mining operations continue to grow steadily, and in January the Company mined 31.7 Bitcoin, all of which we chose to hold rather than sell due to the strength of our balance sheet. We are committed to an infrastructure-light strategy in our mining operations, focusing on acquiring assets closely linked to the price of Bitcoin. Recently, we invested in 300 Bitmain S21 Antminer mining machines, the most advanced Bitcoin mining equipment available, anticipating that their value will increase alongside the anticipated appreciation in the price of Bitcoin following a halving event. Historically, the price of Bitcoin has reached record highs within six months following a halving event, and the next event is anticipated to occur towards the end of April or in early May of this year.”
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Read More on LMFA:
- LM Funding America, Inc. Provides Monthly Operational and Bitcoin Mining Update for Month Ended January 31, 2024
- LM Funding America, Inc. Provides Quarterly Operational and Bitcoin Mining Update for Three Months Ended December 31, 2023
- LM Funding mined 108 bitcoin in three months ended December 31
- LM Funding to purchase 300 Bitmain S21 Antminer machines for $1.1M
- LM Funding Invests in S21 Bitmain Mining Machines in Advance of 2024 Bitcoin Halving Event