coinspress.com
LM Funding America has announced that it will increase its mining capabilities with the help of Core Scientific.
According to a press release on April 12, Core Scientific will provide LM Funding with an additional 900 mining machines, bringing the total number of machines to 3,900.
The expanded contract will add 400 petahashes of mining capacity to LM Funding’s network.
With the new additions, LM Funding will have a total of 4,600 mining machines and a mining capacity of 470 petahashes. The new machines are expected to be up and running by the end of April.
The company did not disclose the location of its existing mining devices.
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Core Scientific currently operates around 213,000 miners with a mining capacity of 22.3 exahashes.
Once the new mining machines are added, LM Funding’s machines will represent approximately 1.8% of Core Scientific’s hashpower and device count.
Although Core Scientific filed for bankruptcy in December 2022 with more than $1 billion in liabilities, the company continues to operate.