Bruce M. Rodgers, Chairman and CEO of LM Funding, stated, “Our mining operations continued to deliver solid results in March 2024. We mined enough Bitcoin in excess of operating expenses and were able to pay the purchase price balance owed on our recently acquired Bitmain S21 Antminer machines. As we approach the Bitcoin halving event, expected to occur later this month, we expect to be entering into new hosting agreements reflecting post-halving economic realities and will continue to evaluate additional purchases of Antminer machines to drive our further growth.” The Company estimates the value of its 163.4 Bitcoin holdings at March 31, 2024, was approximately $11.7 million, based on an estimated April 8, 2024, BTC price of $71,500.
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