Bitcoin mining company LM Funding America plans to raise $6.5 million through a stock offering

According to GlobeNewswire, Nasdaq-listed Bitcoin mining company LM Funding America announced that it has signed a securities purchase agreement with an institutional investor to raise approximately $6.5 million through the issuance of common stock and warrants. This issuance is expected to be completed around December 22, 2025, subject to customary closing conditions.

In addition, the company announced that its mining facility in Oklahoma has successfully commenced operations, which is expected to add approximately 35 Petahash (PH/s) of Bitcoin mining power.