Question · Q3 2025
Sky Moore asked about LM Funding America's management strategy for its fleet of older machines currently in storage and requested an update on the current cost of mining one Bitcoin.
Answer
President of U.S. Digital Mining Ryan Duran explained that the stored machines are held for quick deployment as new power capacity becomes available, aligning with their strategy to establish sites and then upgrade the fleet. CFO Richard Russell reported that the direct mining cost per Bitcoin for the most recent quarter was $66,000, a reduction from $70,000 in the previous quarter.
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LMFA's earnings beat/miss a week before the call