LM Funding America stock faces a new mining test after a 940 miner order

LM Funding America stock was trading at USD 1.10 on Nasdaq on September 23, 2026, down 2.65 percent from the previous close. The company, now operating as PowerCompute, has ordered new mining hardware in a move that could lift its Bitcoin production capacity.

Mining fleet gets 1,000 new units

GlobeNewswire reported on September 23, 2026, that PowerCompute expects to install 1,000 Bitmain Antminer S19 XP miners at its Oklahoma facility by September 30. Each unit averages 132 terahash per second, replacing machines rated at 100 terahash per second or below.

The company is moving the replaced equipment to Mississippi, where it will replace miners averaging 95 terahash per second. PowerCompute expects the redeployment to raise total hashrate from 771 petahash per second on June 30, 2026 to 822 petahash per second, a 6.6 percent increase.

October order extends the upgrade

PowerCompute ordered another 940 S19 XP miners on September 22, 2026, with delivery and installation planned for October. Once online, the company expects total hashrate of 862 petahash per second, an 11.8 percent increase from the June 30 baseline.

The comparison matters because the new machines produce 132 terahash per second against 95 terahash per second for the units they replace. PowerCompute estimates incremental annual revenue capacity of USD 1.2 million, while the combined purchase cost is USD 400,000, funded with cash and Bitcoin holdings.

PowerCompute carries the old LMFA identity

The Nasdaq-listed company changed its name from LM Funding America to PowerCompute and changed its ticker from LMFA to PWCM in July 2026. Its business combines Bitcoin mining and treasury operations with specialty finance for nonprofit community associations.

For investors tracking the former LMFA security, the operating comparison is now tied to hashrate growth rather than the old ticker. The September plan also leaves the company with 26 megawatts of wholly owned power infrastructure and 3 megawatts of additional energized capacity in Mississippi.

Nasdaq quote turns lower

PowerCompute stock was trading at USD 1.10 on Nasdaq on September 23, 2026 at 4:00 p.m. ET. The quote was USD 0.27 above the 52-week low of USD 0.83 and USD 34.65 below the 52-week high of USD 35.75.