LM Funding America (LMFA) said Thursday it has agreed to acquire the business assets of a 15-megawatt cryptocurrency mining site in Oklahoma from a joint venture majority owned by privately held Arthur Inc. for $7.3 million.

LM Funding, which currently operates 10 MW of bitcoin mining machines at the site, said the deal is expected to close in December.

LM Funding shares were 0.3% higher in recent trading.

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