Tampa company invests over $1M in Bitcoin mining machines

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.