Bitcoin mining company LM Funding America rebrands as PowerCompute, pivoting to AI computing infrastructure business

Odaily reported that Nasdaq-listed Bitcoin mining company LM Funding America announced it will officially change its name to PowerCompute effective July 22, 2026, to align with its new strategic direction of transitioning into the AI computing infrastructure sector. Meanwhile, its common stock is expected to begin trading on the Nasdaq market under the new ticker symbol "PWCM" from the market open on July 22, with the CUSIP number remaining unchanged. Shareholders are not required to take any action in response to the name and ticker change.

The company plans to leverage its existing facility resources and low-cost electricity advantages to provide high-performance computing (HPC) and artificial intelligence (AI) infrastructure services to clients. Currently, the company owns two operational facilities with a total of 26 megawatts (MW) of low-cost power resources and intends to further serve enterprise clients with demand for AI computing power. This rebranding marks LM Funding America's further transformation from a traditional crypto mining enterprise into a "computing infrastructure provider," betting on the growth of the AI data center and high-performance computing market. (Globenewswire)