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TaperT2

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TaperT2

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Sunday, 01/21/2024 1:30:57 PM

Sunday, January 21, 2024 1:30:57 PM

Post# of 2038


Bruce M. Rodgers, Chairman and CEO of LM Funding, stated, "We continue to make steady progress in our Bitcoin mining operations. In the fourth quarter alone, we mined 108.0 Bitcoin. Over the same time period, the Company sold 103.0 Bitcoin, generating approximately $3.4 million in proceeds. We continue to strategically reinvest the proceeds of our Bitcoin sales back into the business as we position the Company for the upcoming Bitcoin halving event anticipated to occur during the first half of 2024."

The Company estimates the value of its 95.1 Bitcoin holdings were approximately $4.0 million as of December 31, 2023.

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