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  6. LM Funding Acquires Greenidge Generation s 11 MW Bitcoin mining facility

M&A Deal Summary

LM Funding Acquires Greenidge Generation s 11 MW Bitcoin mining facility

On September 18, 2025, LM Funding acquired information technology company Greenidge Generation s 11 MW Bitcoin mining facility from Greenidge Generation for 4M USD

Acquisition Highlights
  • This is LM Funding’s 1st transaction in the Information Technology sector.
  • This is LM Funding’s largest (disclosed) transaction.
  • This is LM Funding’s 1st transaction in the United States.
  • This is LM Funding’s 1st transaction in Mississippi.

M&A Deal Summary
Date 2025-09-18
Target Greenidge Generation s 11 MW Bitcoin mining facility
Sector Information Technology
Buyer(s) LM Funding
Sellers(s) Greenidge Generation
Deal Type Divestiture
Deal Value 4M USD

Target

Greenidge Generation s 11 MW Bitcoin mining facility

Columbus, Mississippi, United States
Greenidge Generation's 11 MW Bitcoin mining facility includes both the site and approximately 7.5 MW or 157 PH/s of operational hashrate from ~2,300 Bitmain S19 series miners. Greenidge Generation's 11 MW Bitcoin mining facility is based in Columbus, Mississippi.

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Buyer(S) 1

Buyer

LM Funding

Tampa, Florida, United States
Category Company
Founded 2008
Sector Financial Services
Employees9
Revenue 17M USD (2024)
DESCRIPTION

LM Funding operates as a Bitcoin treasury and mining company, and also operates a technology-enabled specialty finance business that provides funding to nonprofit community associations. LM Funding was founded in 2008 and is based in Tampa, Florida.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Mississippi M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Greenidge Generation

Southport, Connecticut, United States
Category Company
Founded 1937
Sector Information Technology
Employees35
Revenue 60M USD (2024)
DESCRIPTION

Greenidge Generation is a vertically integrated bitcoin mining and power generation company with operations in Upstate New York and plans to expand operations to other locations in North America. The company is currently mining bitcoin and contributing to the security and transactability of the bitcoin ecosystem while concurrently meeting the power needs of homes and businesses in its region. Greenidge was formed in 1937 and is based in Southport, Connecticut.

DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Mississippi M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-13 Support.com

San Francisco, California, United States

Support.com is a provider of customer and tech support solutions and security software with a global network of home-based experts. Support.com was founded in 1997 and is based in San Francisco, California.

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