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LM Funding America, a publicly traded cryptocurrency mining and technology-based finance company, says it will purchase 300 Bitmain S21 computing machines for approximately $1.1 million.
LM Funding America commenced Bitcoin mining operations in September 2022.
The Tampa company says the S21 is a high-efficiency machine that generates many millions of computations per second. The delivery of the machines is expected during the second quarter of 2024, the company says in a Tuesday news release, and once operational will bring the company's mining capacity to 674 petahash, or 1 quadrillion hashes per second.
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