LM Funding America Boosts Hashrate by 35 PH/s with Second Oklahoma Immersion Unit
Event summary
- LM Funding America energized its second BC40 Elite immersion cooled Foghashing unit in Oklahoma, adding 35 PH/s of hashrate.
- The new unit powers 160 Bitmain S21 immersion miners, bringing the company's total energized hashrate to an estimated 785 PH/s across ~24 MW of powered capacity.
- As of December 31, 2025, LM Funding held 356.3 Bitcoin valued at approximately $34.4 million ($96,500 per Bitcoin as of January 14, 2026).
- The company's common share price was $0.47 on January 14, 2026.
The big picture
LM Funding America's expansion reflects a broader trend in the cryptocurrency mining sector toward energy-efficient, large-scale operations. The company's strategic focus on immersion cooling technology positions it to capitalize on Bitcoin's long-term value proposition, though it must navigate regulatory and market risks inherent to the industry.
What we're watching
- Operational Efficiency
- How LM Funding's immersion cooling technology will affect its energy costs and mining profitability.
- Market Positioning
- Whether the company can sustain this growth pace in an increasingly competitive Bitcoin mining landscape.
- Financial Performance
- The impact of rising Bitcoin holdings on LM Funding's balance sheet and shareholder value.
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