Bitcoin Miner LM Funding to Rebrand as PowerCompute, Expand AI Infrastructure
Summary
- Bitcoin mining company LM Funding America said it will change its name to PowerCompute.
- The company's stock ticker will change to PWCM from LMFA.
- The company plans to expand its high-performance computing (HPC) and artificial intelligence (AI) infrastructure businesses using its 26-megawatt (MW) power infrastructure, while maintaining its strategy of holding Bitcoin on its balance sheet.
Forecast Trend Report by Period
Bitcoin miner LM Funding America will change its name to PowerCompute starting July 22, media reports said on July 20. Its stock ticker will also change to PWCM from LMFA.
The rebranding is part of a strategy to expand the company's high-performance computing and artificial intelligence infrastructure businesses using its 26-megawatt power infrastructure.
The company said it will maintain its existing treasury strategy of holding Bitcoin on its balance sheet.
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