Tampa company shifts directions, invests millions to find and sell bitcoin

LM Funding has invested, and so far made, millions in mining for bitcoin. It has its sights set on much bigger dividends.

  • By Jim Stinson
  • | 5:00 a.m. February 26, 2024
  • | 0 Free Articles Remaining!
LM Funding America's CEO Bruce Rodgers and CFO Richard Russell, in their Tampa office with a Bitcoin-mining machine.
LM Funding America's CEO Bruce Rodgers and CFO Richard Russell, in their Tampa office with a Bitcoin-mining machine.
Photo by Mark Wemple
  • Tampa Bay-Lakeland
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Tampa entrepreneur Bruce Rodgers, after a decade-plus in the low-key industry of funding homeowners associations hit by hard times, likely didn't think he would become a bitcoin boss one day.

But there he was in New York City recently, likely telling investors why the Tampa-based, publicly traded holding company he oversees, LM Funding America, is undervalued and ready to bust out with bitcoin.

 

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