GlobeNewswire·Jun 23, 2026, 8:17 AM ET

LM Funding America Announces Strategic Expansion into High-Performance Computing and AI Infrastructure

LM Funding America (NASDAQ: LMFA) announced a strategic expansion into high-performance computing (HPC) and artificial intelligence (AI) infrastructure.
The company ordered initial NVIDIA GPU server hardware for deployment at its Oklahoma facility to serve as a proof of concept.
LM Funding currently operates 26 megawatts of wholly-owned power infrastructure across Oklahoma and Mississippi facilities.
Power costs at both facilities average approximately $0.046 per kilowatt-hour, with the infrastructure built from scratch in fifteen months.
Approximately 22 megawatts are currently used for Bitcoin mining, while up to 10 megawatts of capacity is immediately available for AI co-location & power hosting.
The company is in discussions with its Oklahoma power provider regarding a potential capacity expansion of 10 to 50 megawatts.
LM Funding intends to own & operate the full AI-HPC value chain rather than acting as a landlord.
Initial funding for the AI expansion will come from the company's Bitcoin mining revenue & Bitcoin treasury.
As of May 31, 2026, the company held 322.7 Bitcoin valued at approximately $23.8 million.
Management estimates potential annual revenues of $20 million to $50 million from a full 26-megawatt AI buildout.
The company plans to transition existing Bitcoin mining equipment to AI-HPC requirements as demand matures.