(24/7 MARKET NEWS) – LM Funding America, Inc. (NASDAQ: LMFA) reported first quarter financial results and provided a business update.
It mined 91.7 Bitcoins in the first quarter at an Average Market Revenue Value of $22,800 per Bitcoin and reported Working Capital of $4.6 Million and LM Funding Stockholders’ Equity of $44.0 Million ($3.36 per share) as of March 31, 2023
Operational Highlights included having approximately 5,000 Bitcoin mining machines operating, which provide approximately 520 PH/s of mining capacity, and signing an agreement with GIGA Energy to add 1,080 additional machines for an approximate total of 627 PH/s by May 31, 2023.
LM Funding America is trading at $0.923, up $0.180 (+24.27%), on 1.68M premarket shares traded.
Its 52-week range is $0.55 to $1.86. If it can trade above April’s high, its key inflection point is $1.48 from February.
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