Financial Data and Key Metrics Changes - For Q3 2025, revenue was $2.2 million, reflecting a 13% sequential increase and a 74% year-over-year increase, driven by stronger average Bitcoin pricing of $114,000 and contributions from the newly operational Mississippi facility [11] - Mining margins improved to 49%, attributed to a shift from hosting fees to self-mining and higher fleet efficiency [11] - The company reported a net loss of $3.7 million and a core EBITDA loss of $1.4 million, primarily due to increased staff costs and payroll expenses [11] - As of quarter-end, the company held cash and cash equivalents of $300,000 and 304 Bitcoin valued at $34.7 million, nearly double its market cap [12] Business Line Data and Key Metrics Changes - The acquisition of the Mississippi facility added approximately 7.5 megawatts of energized capacity and around 230 petahash of installed hash rate, contributing to a 28% increase in Bitcoin production from September to October [5][9] - The company exited October with approximately 0.71 exahash energized, representing a 50% hash rate expansion in one build cycle [8] Market Data and Key Metrics Changes - By the end of September, the company had approximately 304.5 Bitcoin in treasury, valued at nearly $35 million, highlighting a disconnect between treasury value and equity valuation [5] - The Bitcoin production increased from 5.9 Bitcoin in September to 7.6 Bitcoin in October, reflecting operational improvements and increased capacity [6][9] Company Strategy and Development Direction - The company aims to increase Bitcoin per share and grow intrinsic value over time, focusing on disciplined capital allocation and operational control [4][14] - Future strategies include balancing Bitcoin accumulation, strategic investments, and opportunistic share repurchases to enhance per-share value [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term value of Bitcoin and the company's strategy to leverage its operational control and cost efficiency [15] - The company is entering a phase where scale, efficiency, and productivity converge, with plans to enhance production and efficiency [14] Other Important Information - The company executed a substantial balance sheet enhancement initiative, completing an $8 million private repurchase of around 3.3 million shares and 7.3 million warrants [11] - The company has secured Bitmain's S21 immersion-cooled machines, expected to come online in December, which will significantly improve efficiency [10] Q&A Session Summary Question: Thoughts on the path for Bitcoin mining infrastructure in 2026 - Management noted that the Mississippi acquisition has been successful and there is potential for further growth, with plans to add immersion machines in Oklahoma [19] Question: Are there plans for additional site acquisitions? - Management confirmed ongoing exploration for site acquisitions based on energy tariffs but indicated no immediate plans for new acquisitions [21] Question: How to allocate between mining business and acquiring additional Bitcoin? - Management emphasized a long-term strategy, balancing mining growth with treasury strategy based on future Bitcoin pricing [23] Question: Management of old machines in storage - Management stated that old machines are kept in reserve for quick deployment when power becomes available, aligning with their strategy [26] Question: Current cost of mining one Bitcoin - The current mining cost per Bitcoin was reported at $66,000, down from $70,000 in the previous quarter, indicating improved efficiency [27]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Financial Performance - Total revenue for Q3 2025 was $2.2 million, a 13% sequential increase[14, 15] - Bitcoin mining revenue contributed $2.0 million to the total revenue, up 11.3% sequentially[15] - Mining margin improved to 49% in Q3 2025, up from 41% in Q2 2025[11, 15] - The company experienced a net loss of $3.7 million and a Core EBITDA loss of $1.4 million in Q3 2025[15] Operational Highlights - Bitcoin holdings as of October 31, 2025, were 294.9 BTC, valued at $32.2 million[7, 17, 18, 20, 24, 25] - The company's energized hashrate reached 0.70 EH/s exiting Q3 2025[11] - The 11 MW Mississippi site was fully integrated, with 7.5 MW actively mining, resulting in a 28% increase in BTC production for October[11] Strategic Initiatives - The company completed an $8 million private repurchase of 3.3 million shares and 7.2 million warrants[7, 15] - A $1.5 million public share buyback program was authorized[7, 15] - The company secured S21 immersion miners for Oklahoma, with energization expected in December 2025[7, 11]

Core Insights - LM Funding America, Inc. reported a total revenue of $2.2 million for Q3 2025, reflecting a 13.0% sequential increase from Q2 2025 and a 73.5% year-over-year growth, driven by higher Bitcoin prices and contributions from the newly acquired Mississippi facility [4][6] - The company improved its mining margin to 49.0% from 41.0% in Q2 2025, attributed to reduced hosting costs and increased operational efficiency [4][6] - As of October 31, 2025, LM Funding held 294.9 Bitcoin valued at approximately $32.2 million, down from 304.5 Bitcoin valued at $34.7 million as of September 30, 2025 [4][6] Financial Highlights - The net loss for Q3 2025 was $3.7 million, with a Core EBITDA loss of $1.4 million, showing improvement compared to a net loss of $4.3 million and Core EBITDA loss of $1.9 million in the prior year [4][6] - Operating expenses increased by $0.4 million due to higher staff costs related to the Mississippi site acquisition, partially offset by a $1.0 million gain on the fair value of Bitcoin [4][6] - The company raised a net $21.3 million in August 2025 through a registered direct offering and private placement, primarily to enhance its Bitcoin treasury [4][6] Operational Highlights - LM Funding acquired an 11 MW Bitcoin mining facility in Mississippi, with 7.5 MW operational at closing, contributing to production immediately [4][6] - The company achieved a 27.8% increase in Bitcoin production in October 2025 compared to September 2025, following the integration of the Mississippi facility [4][6] - Progress was made on a 2 MW immersion expansion at the Oklahoma site, with new equipment scheduled for delivery and energization targeted for December 2025 [4][6] Shareholder Actions - The company executed a private repurchase of approximately 3.3 million shares and authorized a $1.5 million share buyback program, reflecting confidence in its intrinsic value [4][6] - The total stockholders' equity was approximately $50.1 million, or $3.23 per share, as of September 30, 2025 [4][6]

Earnings Reports Overview - The earnings season is slowing down, but several retail-favorite companies are set to report this week [1] - Key companies reporting include Barrick Mining Corp., Plug Power Inc., Oklo Inc., Cisco Systems Inc., Walt Disney Co., and Applied Materials Inc. [2][3][5][10][11] Company-Specific Insights - Barrick Mining Corp. reported its third-quarter results before the market opened on November 10 [2] - Plug Power Inc. is expected to report losses of 12 cents per share and revenue of $179.54 million, having missed earnings expectations for the last 18 quarters [3] - Oklo Inc. is anticipated to report losses of 13 cents per share and revenue of $17.01 billion, with stock volatility noted ahead of the report [5] - Cisco Systems Inc. is expected to be a focal point for investors, particularly regarding management's guidance and updates on AI and cybersecurity business momentum [10] - Walt Disney Co. and JD.com Inc. will release earnings reports before the market opens on November 13 [11] - Applied Materials Inc. is set to release its Q4 results after the market closes on November 13 [11] Additional Companies Reporting - Other companies reporting this week include Workhorse Group Inc., Beyond Meat Inc., Microvision Inc., and Virgin Galactic Holdings Inc. [4][6][12]

Core Points - LM Funding America, Inc. has scheduled its third quarter 2025 earnings conference call for November 14, 2025, at 8:00 AM EST [1] - The company will release its third quarter 2025 results and an investor presentation on the morning of the same day [2] - LM Funding operates as a Bitcoin treasury and mining company, founded in 2008 and based in Tampa, Florida [3] Company Overview - LM Funding America, Inc. is involved in Bitcoin treasury and mining operations [3] - The company also has a technology-enabled specialty finance business that provides funding to nonprofit community associations primarily in Florida [3]

Core Insights - LM Funding America, Inc. reported a preliminary operational update for October 2025, highlighting a significant increase in Bitcoin production due to the optimization of its Mississippi facility [1][2]. Operational Performance - In October 2025, the company mined 7.5 Bitcoin, representing a 27% increase from September 2025's production of 5.9 Bitcoin [2]. - The total Bitcoin sold in October was 17.0 Bitcoin, up from 12.5 Bitcoin in September [2]. - The company's Bitcoin holdings decreased from 304.5 Bitcoin in September to 294.9 Bitcoin in October [2]. Infrastructure and Capacity - The Mississippi facility, which became fully operational in October, contributed to the increased production [2]. - The company secured 320 immersion-cooled S21 units, expected to generate an additional 68.8 PH for the upcoming 2 MW Oklahoma expansion, set to go online in December [2]. Financial Strategy - The company sold more Bitcoin than usual to fund the purchase of new mining machines, deploying $8 million of its $11 million Galaxy facility for a private repurchase of 3,308,575 shares, which is 24% of its outstanding shares [2]. - The estimated value of the company's Bitcoin holdings as of October 31, 2025, was approximately $31.9 million, equating to $2.70 per share based on a Bitcoin price of approximately $108,300 [2]. Future Outlook - The company aims to continue increasing production and efficiency, enhance Bitcoin per share and mNAV, and grow its Bitcoin treasury [2]. - The management believes that the current market discount to its Bitcoin holdings presents an opportunity to build long-term value per share [2].

Core Viewpoint - LM Funding America, Inc. has announced a share repurchase program to buy up to $1.5 million of its outstanding common stock, representing approximately 15% of its currently outstanding shares, following a recent private repurchase [1][2]. Group 1: Share Repurchase Program - The Board of Directors has authorized a share repurchase program for up to $1.5 million [1]. - This program aims to reduce dilution and increase asset value per share over time, reflecting confidence in the long-term value of the company's equity [2]. - The company has approximately 11,833,973 shares outstanding as of October 31, 2025, after the recent private repurchase [1][3]. Group 2: Bitcoin Holdings and Valuation - As of September 30, 2025, the company holds 304.5 BTC, which is valued at approximately $2.83 per share based on a Bitcoin price of $110,000 as of November 1, 2025 [3]. - The company's share price closed at $1.07 on October 31, 2025, indicating a significant difference between the market price and the estimated value derived from Bitcoin holdings [3]. Group 3: Company Overview - LM Funding America operates as a Bitcoin treasury and mining company, founded in 2008 and based in Tampa, Florida [4]. - The company also engages in a technology-enabled specialty finance business that provides funding to nonprofit community associations primarily in Florida [4].

Core Viewpoint - LM Funding America, Inc. has entered into repurchase agreements with institutional investors to acquire 3,308,575 shares of its common stock and associated warrants, aiming to simplify its capital structure and align its stock with its net asset value [1][4]. Group 1: Repurchase Agreements - The company will repurchase investment units at a price of $2.41 per unit, totaling approximately $8.0 million [2]. - Each unit consists of one share of common stock and warrants to purchase approximately 2.19 common shares, with a current warrant exercise price of $1.10 per share, allowing for the purchase of a total of 7,248,787 shares [2]. Group 2: Financing Details - The transaction will be financed through an $11 million loan facility from Galaxy Digital, secured by Bitcoin deposited with Galaxy [3]. - The loan facility is structured to manage exposure and maintain flexibility over its one-year term [3]. Group 3: Company Background - LM Funding America 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].

[Filing Information](index=1&type=section&id=Filing%20Information) This section provides essential administrative and regulatory details regarding the company's filing [Company Details](index=1&type=section&id=Company%20Details) This section provides the fundamental identification and contact information for LM FUNDING AMERICA, INC., as filed with the SEC - LM FUNDING AMERICA, INC. is incorporated in Delaware with Commission File Number **001-37605**[2](index=2&type=chunk) - The principal executive offices are located at 1200 West Platt Street, Suite 100, Tampa, Florida 33606, with a telephone number of **813 222-8996**[2](index=2&type=chunk) [Securities Information](index=1&type=section&id=Securities%20Information) This section details the company's registered securities and its status regarding emerging growth company regulations | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | :-------------------------- | :---------------- | :---------------------------------------- | | Common Stock par value $0.001 per share | LMFA | The Nasdaq Stock Market LLC | - The registrant is not an emerging growth company[5](index=5&type=chunk) [Current Report Items](index=3&type=section&id=Current%20Report%20Items) This section outlines the specific items reported in the current filing, including operational results and accompanying exhibits [Item 2.02 Results of Operations and Financial Condition](index=3&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) LM Funding America, Inc. issued a press release on October 8, 2025, providing an update on Bitcoin production and mining for the month ended September 30, 2025 - A press release was issued on **October 8, 2025**, detailing Bitcoin production and mining updates for the month ended **September 30, 2025**[6](index=6&type=chunk) - The information in Item 2.02, including Exhibit 99.1, is furnished and not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, limiting liability[7](index=7&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=3&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section lists the exhibits accompanying the Form 8-K filing, which include the press release mentioned in Item 2.02 and the interactive data file | Exhibit Number | Description | | :------------- | :---------------------------------------------- | | 99.1 | Press release issued October 8, 2025 | | 104 | Cover Page Interactive Data File (embedded within the inline XBRL document) | [Legal Disclosures](index=3&type=section&id=Legal%20Disclosures) This section provides crucial legal disclaimers and cautionary statements regarding the report's content [Forward-Looking Statements](index=3&type=section&id=Forward-Looking%20Statements) This standard disclosure warns investors that the report may contain forward-looking statements, which are subject to various risks and uncertainties that could cause actual results to differ materially - The report may contain forward-looking statements, identified by words like 'anticipate,' 'estimate,' 'expect,' 'intend,' 'plan,' and 'project,' which are not guarantees of future results[9](index=9&type=chunk) - Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those described[9](index=9&type=chunk) - Investors are advised to refer to the Company's SEC filings (10-K, 10-Q, 8-K) for detailed risk factors, and the Company disclaims any intention or obligation to update these statements unless required by law[9](index=9&type=chunk) [Signatures](index=4&type=section&id=Signatures) This section formally authenticates the report through authorized signatures [Report Signatures](index=4&type=section&id=Report%20Signatures) This section confirms the official signing of the Form 8-K report by an authorized representative of LM Funding America, Inc. - The report was signed on behalf of LM Funding America, Inc. by **Richard Russell, CFO**[12](index=12&type=chunk)[13](index=13&type=chunk) - The signing date for the report was **October 8, 2025**[13](index=13&type=chunk)