Seeking Alpha
2023-04-12 21:31:16

LM Funding America expands contract with Core Scientific for 900 more mining machines

LM Funding America ( NASDAQ: LMFA ) on Wednesday said Core Scientific ( OTCPK:CORZQ ) would host an additional 900 bitcoin mining machines for the company under an expanded contract. The 900 machines are expected to be electrified and mining by the end of April. The expanded contract brings the total number of machines hosted by CORZQ to about 3.9K, LMFA CEO Bruce Rodgers said in a statement . Once the additional machines have been electrified, the total mining capacity provided from the machines hosted by CORZQ is expected to be about 400 petahash, Rodgers added. LM Funding America ( LMFA ) stock was up 2.6% to $0.89 after hours.

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