Bitcoin mining company LM Funding America has reached a securities purchase agreement to raise $6.5 million.

Odaily Planet Daily reports that Nasdaq-listed Bitcoin mining company LM Funding America has announced a securities purchase agreement with an institutional investor to raise approximately $6.5 million through the issuance of common stock and warrants. The offering is expected to close around December 22, 2025, subject to customary closing conditions. The company also announced that its Oklahoma mining farm has successfully commenced operations, adding approximately 35 Petahash (PH/s) of Bitcoin mining hashrate. (Globenewswire)