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LM Funding is a financial services company operates in the cryptocurrency mining space while also providing resources to Condo and Homeowner Associations.
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Bitcoin Mining Company LM Funding America Renamed to PowerCompute, Focusing on AI Compute Infrastructure
According to GlobeNewswire, LM Funding America, Inc. announced that it will officially be renamed PowerCompute, Inc. effective July 22, 2026, and its common stock will also trade on Nasdaq under the new ticker symbol PWCM beginning at the market open on that day.
Bitcoin mining company LM Funding America rebrands as PowerCompute, pivoting to AI computing infrastructure business
Nasdaq-listed Bitcoin mining company LM Funding America announced it will officially change its name to PowerCompute effective July 22, 2026, to align with its new strategic direction of transitioning into the AI computing infrastructure sector. Meanwhile, its common stock is expected to begin trading on the Nasdaq market under the new ticker symbol "PWCM" from the market open on July 22, with the CUSIP number remaining unchanged. Shareholders are not required to take any action in response to the name and ticker change.The company plans to leverage its existing facility resources and low-cost electricity advantages to provide high-performance computing (HPC) and artificial intelligence (AI) infrastructure services to clients. Currently, the company owns two operational facilities with a total of 26 megawatts (MW) of low-cost power resources and intends to further serve enterprise clients with demand for AI computing power. This rebranding marks LM Funding America's further transformation from a traditional crypto mining enterprise into a "computing infrastructure provider," betting on the growth of the AI data center and high-performance computing market. (Globenewswire)
LM Funding America Report: Sold 13.5 BTC in April, Holdings Drop to 334 BTC
Nasdaq-listed Bitcoin mining company LM Funding America (LMFA) released its unaudited operational report for April 2026, disclosing data on its Bitcoin treasury holdings and mining output. As of April 30, the company held 334 Bitcoins, valued at a total of $25.3 million based on a price of approximately $75,800 per coin that month. This corresponds to a Bitcoin asset value per share of $1.18, significantly higher than the company's U.S. stock closing price of $0.24.Data shows that the company net mined 9.4 BTC in April and sold 13.5 BTC during the same period, leading to a slight decrease in Bitcoin holdings from 338.1 BTC in March. The company's total mining machine count remains at 7,508 units, with a stable network hashrate of 0.79 EH/s, showing no change in hashing power scale.