Bitcoin mining company LM Funding has rebranded to PowerCompute, shifting its focus to AI computing power infrastructure.

BlockBeats News, July 21st, Bitcoin mining company LM Funding America (NASDAQ: LMFA) announced that the company will be renamed PowerCompute Inc. starting from July 22nd and will use the new stock ticker symbol "PWCM."

The company stated that this renaming marks a strategic transformation to utilize its existing 26-megawatt self-owned power infrastructure to expand its High-Performance Computing (HPC) and Artificial Intelligence infrastructure business. Currently operating two facilities in Oklahoma and Mississippi, USA, with a total of 26 megawatts of power resources, the company plans to provide infrastructure services to AI computing customers. At the same time, the company will continue to hold Bitcoin assets as part of its balance sheet.