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LM Funding America Announces February 2026 Production and Operational Update
Globenewswire· 2026-03-04 13:00
Core Insights - LM Funding America, Inc. reported a significant increase in Bitcoin production for February 2026, marking it as the highest production month since the launch of its mining operations [3] Financial Performance - As of February 28, 2026, the company held 354.7 BTC valued at approximately $23.8 million, translating to about $1.11 per share based on a Bitcoin price of around $67,000 [3][7] - The company mined a total of 8.7 BTC in February 2026, an increase from 7.8 BTC in January 2026 [2] - The company sold 18.1 BTC in February 2026, with no purchases reported during the month [2] Operational Metrics - The total number of mining machines increased from 7,351 in January 2026 to 7,513 in February 2026 [2] - The hashrate for the Oklahoma facility improved slightly from 0.54 EH/s to 0.55 EH/s, while the Mississippi facility maintained a hashrate of 0.23 EH/s [2] Strategic Developments - The company deployed approximately 300 Bitmain S21 XP miners at its Oklahoma facility, enhancing overall efficiency and uptime [3] - LM Funding renegotiated its $11 million loan with Galaxy Digital, extending the maturity date to April 24, 2026, providing more flexibility in managing its financial obligations [3]
HIVE bitcoin mining production jumps by 191% in January
Yahoo Finance· 2026-02-05 16:14
Group 1 - HIVE mined 297 Bitcoin in January, a 191% increase compared to the same month last year [1] - The company's hashrate peaked at 23.7 EH/s and averaged 22.2 EH/s, representing a 290% year-over-year increase [1] - Fleet efficiency improved to 17.5 J/TH [1] Group 2 - HIVE's operations in North America remained stable during Winter Storm Fern, which temporarily affected about 8% of Bitcoin's hashrate [2] - The company realized approximately $7.4 million from the cashless exercise of 480 Bitcoin options at an average value of $102,000 per coin [3] - Funds from the options exercise were allocated to purchase 2,667 Bitmain S21 XP miners for the Yguazú facility in Paraguay [3] Group 3 - The deployment of new miners is expected to increase HIVE's installed hashrate to 25.5 EH/s and improve fleet efficiency to 17 J/TH [3] - HIVE currently operates 440 MW of power and has contracted an additional 100 MW for deployment in Q3 2026, targeting a total of 540 MW [4]