LM Funding America publishes shareholder letter on strategic shift

LM Funding America released a shareholder letter outlining a pivot to HPC and AI infrastructure alongside its Bitcoin mining operations.

• Shares began trading under the new Nasdaq ticker PWCM as the company rebranded to PowerCompute.
• Power infrastructure scaled to 26 MW in about 15 months; about 22 MW is currently used for Bitcoin mining, with capacity addressable for HPC.
• Talks are underway with an Oklahoma power provider on a potential 10 MW to 50 MW capacity expansion.
• Full HPC buildout at 26 MW is estimated to support $20 million to $50 million in annual revenue.