Core Scientific and LM Funding America Partner to Increase Mining Capabilities
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.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
