- Bitcoin treasury as of January 31, 2026 was 364.1 BTC valued at $29.1 million or $1.36 per share1 TAMPA, Fla., Feb. 05, 2026 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin treasury and mining company, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended January 31, 2026. MetricDecember 2025January 2026- Bitcoin2 - Mined, net7.57.8<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; ...

Core Viewpoint - LM Funding America, Inc. has successfully energized its second BC40 Elite immersion cooled Foghashing unit, increasing its total hashrate to approximately 785 PH/s, reflecting the company's commitment to efficient Bitcoin mining operations [1][2]. Company Operations - The company operates as a Bitcoin treasury and mining firm, with a focus on cost-efficient growth in its mining operations [2][3]. - As of December 31, 2025, LM Funding holds 356.3 Bitcoin, valued at approximately $34.4 million, equating to about $1.60 per share based on a Bitcoin price of $96,500 as of January 14, 2026 [2][5]. Financial Performance - The company's share price was reported at $0.47 on January 14, 2026, indicating a significant difference between the Bitcoin value per share and the market price [2][5]. - The company operates with approximately 24 MW of powered capacity, achieving its highest energized and most efficient levels to date [2].

Bitcoin Production and Mining Update - The company provided a Bitcoin production and mining update for December 2025[6] Operational Results - The press release was issued on January 7, 2026, detailing the company's operational results[6] Risks and Uncertainties - The report includes forward-looking statements that involve risks and uncertainties[9] - Investors are cautioned that actual results may differ materially from projections due to various risks[9] - The company has filed its Annual Report on Form 10-K for the year ended December 31, 2024, which includes additional risk factors[9]

Core Insights - LM Funding America, Inc. reported a record monthly Bitcoin production of 7.5 Bitcoin in December 2025, contributing to a total of 356.3 Bitcoin holdings valued at approximately $31.4 million as of December 31, 2025 [1][3] Financial Performance - The company mined 7.5 Bitcoin in December 2025, an increase from 6.9 Bitcoin in November 2025 [2] - The company raised approximately $6.1 million in equity to enhance its balance sheet and purchased 47 Bitcoin at an average price of about $87,400 [3] - The estimated value of Bitcoin holdings increased from $31.4 million on December 31, 2025, to approximately $33.1 million as of January 6, 2026, based on a Bitcoin price of around $93,000 [3] Operational Metrics - The total number of mining machines decreased from 7,930 in November 2025 to 7,471 in December 2025 [2] - The hashrate for Oklahoma increased from 0.48 EH/s to 0.52 EH/s, while the hashrate for Mississippi remained stable at 0.23 EH/s [2] - The company generated approximately $63,000 in curtailment and energy revenues in December, totaling an estimated $1.2 million for the full year [3] Company Overview - LM Funding America operates as a Bitcoin treasury and mining company, founded in 2008 and based in Tampa, Florida [4]

Core Viewpoint - Nasdaq-listed Bitcoin mining company LM Funding America (LMFA) has completed a registered direct offering, raising approximately $6.5 million through the issuance of common stock and pre-funded warrants to institutional investors [1] Group 1: Financing Details - The total amount raised from the offering is about $6.5 million [1] - The offering price is set at $0.71 per share, with the same exercise price for the related warrants [1] - The warrants will have a term of five years following shareholder approval, with the transaction expected to be completed around December 22 [1]

Core Viewpoint - LM Funding America, Inc. has announced a registered direct offering to raise approximately $6.5 million through the sale of common stock and pre-funded warrants, along with accompanying warrants for additional shares [1][2]. Group 1: Offering Details - The company will sell 1,822,535 shares of common stock and 7,332,395 pre-funded warrants, with a combined effective offering price of $0.71 per share or pre-funded warrant [1]. - The warrants will have an exercise price of $0.71 and will be exercisable upon stockholder approval, expiring five years from that date [1]. - The company will also reduce the exercise price of existing warrants from $2.95 to $0.87, subject to stockholder approval, and extend their term to five years [1]. Group 2: Financial Proceeds - The gross proceeds from the offering are estimated to be approximately $6.5 million before deducting fees and expenses [2]. - The offering is expected to close on or about December 22, 2025, pending customary closing conditions [2]. Group 3: Regulatory Information - The securities are being offered under a shelf registration statement on Form S-3, effective since November 21, 2024 [3]. - A prospectus supplement related to the offering will be filed with the SEC, and copies will be available through the SEC's website or from the placement agent [3]. Group 4: Company Overview - LM Funding America, Inc. operates as a Bitcoin treasury and mining company, founded in 2008 and based in Tampa, Florida [5]. - The company also provides funding to nonprofit community associations primarily in Florida through a technology-enabled specialty finance business [5].

Core Insights - LM Funding America, Inc. has successfully energized its first BC40 Elite immersion cooled Foghashing unit at its Oklahoma site, which powers 160 next-generation Bitmain S21 immersion miners, adding approximately 35 Petahash (PH/s) to the total energized hashrate [1] - The company plans to install a second BC40 Elite unit later this month, which will support an additional 160 Bitmain S21 immersion miners [2] - By year-end 2025, LM Funding anticipates reaching approximately 780 PH/s of energized hashrate across its facilities, representing a 75% increase compared to year-end 2024 [2] - As of November 30, 2025, the estimated value of the company's 301.8 Bitcoin holdings was approximately $27.5 million, equating to $2.25 per share based on a Bitcoin price of approximately $91,100 [2] Company Overview - LM Funding America, Inc. operates as a Bitcoin treasury and mining company and was founded in 2008, based in Tampa, Florida [3] - The company also has a technology-enabled specialty finance business that provides funding to nonprofit community associations primarily in Florida [3]

Core Viewpoint - LM Funding America, Inc. reported a preliminary operational update for November 2025, highlighting steady progress in its Bitcoin mining operations despite a slight decrease in Bitcoin production due to strategic energy sales [1][2]. Group 1: Bitcoin Mining Metrics - In November 2025, the company mined a total of 6.9 Bitcoin, down from 7.5 Bitcoin in October 2025 [2]. - The company sold 17.0 Bitcoin in October but did not sell any Bitcoin in November [2]. - The Bitcoin holdings increased from 294.9 Bitcoin in October to 301.8 Bitcoin in November, with an estimated value of approximately $27.5 million based on a Bitcoin price of $91,100 [2][6]. Group 2: Operational Capacity - The total number of mining machines remained constant at 7,930, with 4,320 located in Oklahoma and 2,376 in Mississippi [2]. - The hashrate for the mining operations was stable, with Oklahoma at 0.48 EH/s and Mississippi at 0.23 EH/s, totaling 0.71 EH/s for energized machines [2]. Group 3: Financial Performance - The company generated approximately $76,000 from curtailment and energy sales by strategically reducing mining during a spike in power prices [2]. - The share price of the company was reported at $0.99 as of November 30, 2025, while the Bitcoin value per share was calculated at $2.25 [2]. Group 4: Future Outlook - The company is on track with its 2 MW immersion expansion in Oklahoma, expected to increase total hashrate by nearly 10% by the end of the month [2]. - The management emphasized a disciplined approach to growth and capital allocation, indicating a focus on monitoring market conditions closely [2].

Bitcoin Holdings and Acquisitions - In August 2025, the company raised approximately $21.3 million in net proceeds and purchased 164 Bitcoins, using most of the proceeds for this acquisition[174]. - As of September 30, 2025, Bitcoin represents 100% of the company's treasury holdings, with a total of approximately 225 Bitcoins held by regulated third-party custodians[175][182]. - The company has implemented a formal strategy for acquiring and monetizing Bitcoin holdings, with no specific target for the amount of Bitcoin to hold[175]. - The company maintains theft and fraud insurance covering Bitcoin holdings, with coverage limits of $3 million per occurrence[184]. - The company acquired a Mississippi property for approximately $3.9 million on September 16, 2025, which includes business assets excluding Bitcoin miners[201]. - The company purchased approximately 2,330 Bitcoin miners for an aggregate price of approximately $362,000 on September 16, 2025[202]. - The number of Bitcoins held increased from 150.2 at the beginning of the year to 304.5 by September 30, 2025, reflecting a significant increase in holdings[197]. - The company raised gross proceeds of $24.2 million from equity financing transactions during the nine months ended September 30, 2025, compared to $2.3 million in 2024[248]. - The company purchased $18.7 million in Bitcoin as part of the August 2025 equity raise[246]. Bitcoin Mining Operations - The company's Bitcoin mining operations are conducted through a wholly owned subsidiary, US Digital, which was formed in 2021[176]. - The total projected hashrate at the Oklahoma site increased from 301 PH to 478 PH as of September 30, 2025, with 4,320 installed mining machines[203]. - The company mined 17.6 Bitcoins during the three months ended September 30, 2025, compared to 18.5 Bitcoins for the same period in 2024[195]. - Bitcoin mining revenue for the three months ended September 30, 2025, was driven by 17.6 Bitcoin mined at an average price of approximately $114 thousand, compared to 18.5 Bitcoin at approximately $61 thousand in the same period of 2024[208]. - The average revenue per Bitcoin mined during the three months ended September 30, 2025, was $114,228, compared to $60,944 for the same period in 2024, representing an increase of 87.5%[195]. - Bitcoin mining costs rose by $0.5 million to $1.2 million for the three months ended September 30, 2025, with mining costs as a percentage of digital mining revenue decreasing to 58.6% from 64.8%[210]. - Compensation from curtailment and energy sales was $0.2 million for the three months ended September 30, 2025, compared to nil in the same period of 2024[212]. Financial Performance - The company reported a net loss of $3.7 million for the three months ended September 30, 2025, compared to a net loss of $4.4 million for the same period in 2024, indicating an improvement in financial performance[206]. - Total revenues for the three months ended September 30, 2025, increased by $0.9 million to $2.2 million from $1.3 million for the same period in 2024[207]. - Operating expenses increased by $0.4 million to $5.7 million for the three months ended September 30, 2025, primarily due to fair market adjustments on mined digital assets, which resulted in a gain of $1.0 million[209]. - Net loss for the three months ended September 30, 2025, was $3.7 million, an improvement from a net loss of $4.4 million in the same period of 2024[221]. - Total revenues for the nine months ended September 30, 2025, decreased by $2.5 million to $6.5 million from $9.0 million in the same period of 2024[225]. - Net loss attributable to common shareholders for the nine months ended September 30, 2025, was $9.4 million, compared to $9.7 million in the same period of 2024[241]. - The company reported a net loss of $9.1 million for the nine months ended September 30, 2025, compared to a net loss of $8.2 million in 2024[261]. - The company has a total debt of $7.8 million as of September 30, 2025, compared to $6.8 million at the end of 2024[258]. - The company reported a Core EBITDA loss of $1.65 million for the nine months ended September 30, 2025, compared to a Core EBITDA profit of $0.3 million in 2024[261]. Market and Operational Context - The company's operations are heavily dependent on the price of Bitcoin, which has historically experienced substantial volatility[188]. - The next Bitcoin halving event is anticipated to occur around April 2028, which historically has been associated with significant price movements[189][190]. - As of September 30, 2025, there were approximately 19,930,000 Bitcoins in circulation, with a market capitalization of $2.27 trillion[180]. - The cost of mining one Bitcoin, including miner-related depreciation, was approximately $165,432 for the three months ended September 30, 2025, compared to $144,019 for the same period in 2024[199]. - Net cash used in operations was $8.8 million for the nine months ended September 30, 2025, compared to $8.7 million for the same period in 2024[245]. - Net cash used in investing activities was $16.4 million for the nine months ended September 30, 2025, compared to net cash provided of $4.2 million in 2024[246]. - Net cash provided by financing activities was $22.1 million for the nine months ended September 30, 2025, up from $8.0 million in 2024[247]. - The exercise price of certain warrants was reduced from $2.41 to $1.10, increasing the number of shares issuable upon exercise to 20,931,827[251].

Core Insights - LM Funding America, Inc. reported a quarterly loss of $0.49 per share, consistent with the Zacks Consensus Estimate, compared to a loss of $1.54 per share a year ago [1] - The company posted revenues of $2.18 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 5.3%, but showing an increase from $1.25 million year-over-year [2] - The stock has underperformed, losing approximately 49.3% since the beginning of the year, while the S&P 500 gained 14.6% [3] Financial Performance - The company has surpassed consensus EPS estimates two times over the last four quarters [1] - Revenue estimates for the upcoming quarter are projected at $2 million, with a consensus EPS estimate of -$0.60, and for the current fiscal year, the estimate is -$1.84 on revenues of $8.4 million [7] Market Outlook - The current Zacks Rank for LM Funding America is 3 (Hold), indicating expected performance in line with the market in the near future [6] - The outlook for the Financial - Miscellaneous Services industry is positive, ranking in the top 31% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8]