TechFlow, August 20 — LM Funding America (Nasdaq: LMFA) announced the completion of approximately $23 million in financing, including a $12.6 million registered direct offering and a $10.4 million private placement. The funds will primarily be used to purchase additional Bitcoin and strengthen the company's Bitcoin treasury. Since launching its Bitcoin treasury strategy in 2021, the company has accumulated 150 Bitcoin, owns 26 megawatts of mining capacity, and plans to acquire an 11-megawatt mining facility in Mississippi to expand operations.
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