LM Funding America publishes shareholder letter on strategic shift

LM Funding America Inc

LM Funding America Inc

LMFA

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  • LM Funding America released a shareholder letter outlining a pivot to HPC and AI infrastructure alongside its Bitcoin mining operations.
  • Shares began trading under the new Nasdaq ticker PWCM as the company rebranded to PowerCompute.
  • Power infrastructure scaled to 26 MW in about 15 months; about 22 MW currently used for Bitcoin mining, with capacity addressable for HPC.
  • Talks underway with an Oklahoma power provider on a potential 10 MW to 50 MW capacity expansion.
  • Full HPC buildout at 26 MW estimated to support $20 million to $50 million in annual revenue.


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