LM Funding teams up with Luxor to boost Bitcoin mining efficiency by up to 15%

LM Funding partners with Luxor to enhance Bitcoin mining efficiency

LM Funding America, Inc., a Tampa-based company with a market capitalization of $9.8 million, has announced a strategic partnership with Luxor Technology Corporation. This collaboration aims to improve the efficiency of LM Funding's Bitcoin mining operations through the implementation of LuxOS firmware. According to the company, this upgrade, completed in February 2025, could enhance mining efficiency by 10-15%, extending the lifespan of mining equipment and increasing profitability. Bruce M. Rodgers, CEO of LM Funding, highlighted the benefits of this partnership, emphasizing improved hash rates and profitability without additional hardware investments. Luxor's advanced firmware also includes features like intelligent voltage and frequency adjustments and proactive thermal management. For more details, visit the original article on Investing.com Deutsch at https://de.investing.com/news/company-news/lm-funding-kooperiert-mit-luxor-zur-steigerung-der-bitcoinminingeffizienz-93CH-2881263.

Trump's trade policies impact Bitcoin mining

The ongoing trade tensions between the United States and China, exacerbated by new tariffs imposed by former President Donald Trump, have had a significant impact on the Bitcoin mining industry. These tariffs, targeting all Chinese imports, have increased operational costs for mining companies reliant on Chinese-manufactured equipment. The situation underscores the broader implications of geopolitical conflicts on the cryptocurrency sector. For further insights, refer to BTC-ECHO's coverage at https://www.btc-echo.de/videos/bitcoin/so-schadet-trump-dem-bitcoin-mining-202053/.

Canaan Inc. reports increased Bitcoin production in January 2025

Canaan Inc., a Singapore-based cryptocurrency mining company, has reported a rise in Bitcoin production for January 2025. Despite facing operational challenges, including a negative gross margin of 57.5%, the company has seen a 79% stock price increase over the past six months. Canaan's liquidity ratio stands at 2.03, and it anticipates revenue between $900 million and $1.1 billion for 2025, driven by the delivery of 400,000 mining systems. Additionally, the company has secured a significant order for its A15XP product from a U.S.-based client, signaling further global expansion. For more details, visit the original article on Investing.com Deutsch at https://de.investing.com/news/sec-filings/canaan-inc-meldet-gesteigerte-bitcoinproduktion-im-januar-2025-93CH-2881290.

Trump proposes state Bitcoin reserve to strengthen the dollar

Former President Donald Trump has proposed the creation of a state Bitcoin reserve to bolster the U.S. dollar's position in the global financial market. This initiative, likened to gold's role in the 20th century, has already influenced the cryptocurrency market, with Bitcoin reaching a peak of nearly $110,000. Although the price has since stabilized around $95,000, the proposal has sparked significant interest and debate. For more information, see the original report by DER STANDARD at https://www.derstandard.at/story/3000000257620/so-will-trump-mit-einer-staatlichen-bitcoin-reserve-den-dollar-staerken?ref=rss.

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