BTC miner LM Funding America to rebrand as PowerCompute on July 22

Bitcoin mining company LM Funding America announced it will rebrand as PowerCompute on July 22 local time. The company’s stock ticker will also change to PWCM from LMFA. LM Funding America said the move is part of a strategic shift to expand its high-performance computing and AI infrastructure businesses using its existing 26-megawatt power infrastructure. The company added it will continue its strategy of holding Bitcoin on its balance sheet.