Bitcoin mine LM Funding changed its name to PowerCompute, moving to AI computing infrastructure

On July 21, the Bitcoin mining company LM Funding America (NASDAQ:LMFA) announced that it would change its name to PowerCompute Inc. on July 22 and launch the new stock code "PWCM". According to the company, this change of name represents a strategic transformation that will build on the existing 26 MW of its own power infrastructure and expand high performance computing (HPC) and artificial intelligence infrastructure operations. Two facilities in Oklahoma and Mississippi, United States of America, currently operate, have 26 MW of electricity and plan to provide infrastructure services to AI computing clients. At the same time, the company will continue to hold Bitcoin assets as part of the balance sheet。