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LM Funding America Expands from Bitcoin Mining to AI High-Performance Computing
LM Funding America Inc. (NASDAQ:LMFA) said Tuesday it is pivoting from pure Bitcoin mining to a new AI‑high‑performance computing (HPC) venture. The firm has just ordered its first AI GPU server and plans to install it at its Oklahoma facility, while offering up to 10 MW of its existing power to qualified AI co‑location and power‑hosting customers.
The company’s power infrastructure totals 26 MW, of which 22 MW are currently devoted to Bitcoin mining. The remaining capacity can be redirected to AI workloads, and LM Funding is evaluating modular, container‑based data‑center systems that are optimized for GPU‑based tasks. It is also in talks with its Oklahoma power provider about expanding its footprint by an additional 10 to 50 MW, pending load studies and related assessments.
Low electricity costs are a key driver. LM Funding reports an average price of roughly $0.046 per kilowatt‑hour, among the lowest in the sector. The firm estimates that each megawatt of AI‑ready capacity could generate between $800,000 and $2 million in annual revenue. A full conversion of the 26 MW to AI services could therefore produce $20 million to $50 million per year, though that would require additional debt or capital‑markets funding.
Bitcoin holdings provide working capital for the transition. As of May 31, 2026, LM Funding held 322.7 BTC, valued at approximately $23.8 million, and mined 9.8 BTC during May. CEO Bruce Rodgers described the treasury as “real, liquid, and worth multiples of our stock price,” adding that the company’s own infrastructure “presents a tremendous opportunity.” President Ryan Duran noted that the initial GPU deployment in Oklahoma will supply operating data for the new AI business, while CFO Richard Russell highlighted the Bitcoin treasury’s role as working capital for the early stages of the initiative.
The announcement lifted LM Funding’s share price 2.81 % to $0.20 in pre‑market trading. The stock sits near its 52‑week low of $0.18, according to Benzinga Pro data.
The move reflects a broader trend in the crypto‑mining sector, where firms are repurposing low‑cost, high‑capacity power assets for AI and other data‑intensive workloads. By leveraging its existing infrastructure, LM Funding aims to diversify revenue streams and reduce reliance on Bitcoin price volatility.
Key facts: • 26 MW total power capacity, 22 MW currently used for mining. • Up to 10 MW of capacity being marketed for AI co‑location. • Average power cost $0.046/kWh. • Potential revenue $20 million–$50 million annually with full AI buildout. • 322.7 BTC holdings ($23.8 million) and 9.8 BTC mined in May. • GPU hardware ordered for Oklahoma site. • Discussions underway for 10–50 MW expansion.
The expansion positions LM Funding as a potential player in the growing AI‑HPC market, where demand for low‑cost, high‑density compute is rising. Whether the company can secure the necessary financing and successfully transition its mining operations will determine the ultimate impact on its financial performance and market valuation.
The company’s power infrastructure totals 26 MW, of which 22 MW are currently devoted to Bitcoin mining. The remaining capacity can be redirected to AI workloads, and LM Funding is evaluating modular, container‑based data‑center systems that are optimized for GPU‑based tasks. It is also in talks with its Oklahoma power provider about expanding its footprint by an additional 10 to 50 MW, pending load studies and related assessments.
Low electricity costs are a key driver. LM Funding reports an average price of roughly $0.046 per kilowatt‑hour, among the lowest in the sector. The firm estimates that each megawatt of AI‑ready capacity could generate between $800,000 and $2 million in annual revenue. A full conversion of the 26 MW to AI services could therefore produce $20 million to $50 million per year, though that would require additional debt or capital‑markets funding.
Bitcoin holdings provide working capital for the transition. As of May 31, 2026, LM Funding held 322.7 BTC, valued at approximately $23.8 million, and mined 9.8 BTC during May. CEO Bruce Rodgers described the treasury as “real, liquid, and worth multiples of our stock price,” adding that the company’s own infrastructure “presents a tremendous opportunity.” President Ryan Duran noted that the initial GPU deployment in Oklahoma will supply operating data for the new AI business, while CFO Richard Russell highlighted the Bitcoin treasury’s role as working capital for the early stages of the initiative.
The announcement lifted LM Funding’s share price 2.81 % to $0.20 in pre‑market trading. The stock sits near its 52‑week low of $0.18, according to Benzinga Pro data.
The move reflects a broader trend in the crypto‑mining sector, where firms are repurposing low‑cost, high‑capacity power assets for AI and other data‑intensive workloads. By leveraging its existing infrastructure, LM Funding aims to diversify revenue streams and reduce reliance on Bitcoin price volatility.
Key facts: • 26 MW total power capacity, 22 MW currently used for mining. • Up to 10 MW of capacity being marketed for AI co‑location. • Average power cost $0.046/kWh. • Potential revenue $20 million–$50 million annually with full AI buildout. • 322.7 BTC holdings ($23.8 million) and 9.8 BTC mined in May. • GPU hardware ordered for Oklahoma site. • Discussions underway for 10–50 MW expansion.
The expansion positions LM Funding as a potential player in the growing AI‑HPC market, where demand for low‑cost, high‑density compute is rising. Whether the company can secure the necessary financing and successfully transition its mining operations will determine the ultimate impact on its financial performance and market valuation.
