LMFA - Mergers and acquisitions

TAMPA, Fla., Dec. 09, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today announced the acquisition of the business assets of a 15 MW mining site in Oklahoma from Tech Infrastructure JV I LLC ("JV"), a joint venture majority-owned by Arthur Inc., for $7.3 million. "We are thrilled to have acquired this site with 60MW of mining potential through a series of financings to the JV," said Bruce M. Rodgers, Chairman and CEO of LM Funding. "The financing terms allowed us to operate approximately 2,880 S19J Pros using $0.04/kwh power at the site since June 2024. This tran

TAMPA, June 06, 2023 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a Bitcoin mining and technology-based specialty finance company, today announced that its $2.6 million "stalking horse" bid to purchase the assets of Symbiont.io, Inc. ("Symbiont"), which is currently in Chapter 11 bankruptcy proceedings, was approved by the bankruptcy court on June 2, 2023.  LM Funding was the sole secured creditor for Symbiont as a result of a $2 million secured loan it made to Symbiont in December 2021, and has now acquired Symbiont's assets with a credit bid. Bruce M. Rodgers, Chairman and CEO of LM Funding commented, "We are in the fortunate position of