Core Insights - LM Funding America, Inc. reported a definitive asset purchase agreement for an 11 MW Bitcoin mining site in Mississippi for $3.9 million, enhancing its operational capacity [1][4] - The company's direct mining margin improved to 41.0% from 38.5% in Q1 2025, driven by increased operational efficiency and power sales [1][4] - The financial results for Q2 2025 showed a GAAP net income of $0.1 million and Core EBITDA of $2.6 million, a significant recovery from a net loss of $5.4 million in Q1 2025 [1][4] Financial Highlights - Total revenue for Q2 2025 was $1.9 million, down 18.7% sequentially and down 36.0% year-over-year [4] - The company mined 18.4 Bitcoins during the quarter, a decrease of 24.3% sequentially, attributed to higher curtailment and downtime from relocating miners [4] - Operating expenses increased by 16.6% year-over-year and 2.5% sequentially to $2.0 million, primarily due to legal and consulting costs related to expansion [4] Operational Highlights - The company relocated approximately 800 hosted miners, completing its hosting exit, and is on track to expand its Oklahoma site by 2 MW later this year [4][5] - The Mississippi acquisition is expected to close on or before September 16, 2025, subject to due diligence [4][5] - The company generated approximately $223,000 in curtailment and energy sales for the quarter, up 49.2% sequentially, contributing to improved mining margins [4][5] Bitcoin Holdings - As of June 30, 2025, the company held 155.5 Bitcoins valued at approximately $16.7 million, with a cash balance of approximately $0.4 million [4][10] - By July 31, 2025, the company held 150.4 Bitcoins valued at approximately $18.0 million based on a Bitcoin price of $120,000 [4][10] Management Commentary - The CEO emphasized the company's commitment to vertical integration and disciplined growth strategy, highlighting operational upgrades and improved mining efficiency [4][5] - The CFO noted that despite a decrease in Bitcoin production, the company's strategies have led to improved direct mining margins and a positive outlook for asset growth [5]

Core Insights - The company reported a Bitcoin treasury valued at approximately $17.8 million as of July 31, 2025, equating to $3.46 per share based on a Bitcoin price of around $118,100 [1][3]. Bitcoin Mining Operations - In July 2025, the company mined 5.9 Bitcoin, a 7% increase from June 2025's 5.5 Bitcoin [2]. - The company sold 11.0 Bitcoin in July 2025, compared to 5.0 Bitcoin sold in June 2025 [2]. - The company's Bitcoin holdings decreased from 155.5 Bitcoin in June 2025 to 150.4 Bitcoin in July 2025 [2]. Operational Capacity - The total number of operational machines remained constant at 4,320 in both June and July 2025 [2]. - The total number of machines, including storage, was 5,538 in both months [2]. - The company's hashrate remained stable at 0.60 EH/s in July 2025 [2]. Financial Performance - The company experienced a 20% growth in energy revenue in July 2025, attributed to the reinvestment of treasury assets into operations [3]. - The stock share price was reported at $2.12 as of July 31, 2025 [3].

Core Viewpoint - LM Funding America, Inc. is set to announce its second quarter 2025 earnings results and will hold a conference call on August 14, 2025, at 8:00 AM EST [1][2]. Group 1: Company Overview - LM Funding America, Inc. operates as a Bitcoin mining and specialty finance company, founded in 2008 and based in Tampa, Florida [3]. - The company will provide an investor presentation alongside its earnings release on the morning of August 14, 2025 [2]. Group 2: Conference Call Details - The conference call will take place on August 14, 2025, at 8:00 AM EST, with links for live webcast and participant registration available [4].

Core Insights - LM Funding America, Inc. reported a decrease in Bitcoin mined in June 2025, with 5.5 Bitcoin compared to 6.3 Bitcoin in May 2025, attributed to a strategic curtailment approach during peak summer months [2] - The company prioritized energy sales over Bitcoin production due to high temperatures in Oklahoma, resulting in estimated curtailment and energy sales of approximately $55,000 for June and $216,000 for Q2 2025 [2] - As of June 30, 2025, the value of the company's Bitcoin holdings was approximately $16.7 million, equating to $3.25 per share, based on a Bitcoin price of approximately $107,170 [2] Company Overview - LM Funding America, Inc. operates as a Bitcoin mining and specialty finance company, founded in 2008 and based in Tampa, Florida [3] - The company has a total of 5,538 machines as of June 2025, with 4,320 operational and 1,218 in storage [2] - The company's Bitcoin holdings increased slightly from 155.0 to 155.5 Bitcoin from May to June 2025 [2]

Financial Performance - As of March 31, 2025, LM Funding holds 160.2 BTC valued at approximately $13.3 million, equating to $2.59 per share[1][3] - In March 2025, the company mined 8.7 BTC, with a total of 8.0 BTC mined in January and 8.1 BTC in February[2] - The company sold 14.2 BTC in March 2025, with no BTC sold in the previous months[2] - LM Funding generated approximately $130,000 in power sales during Q1 2025 by selling excess energy back to the grid[2] - The stock share price was $1.24 as of March 31, 2025, compared to a Bitcoin price of approximately $83,000[3] Operational Metrics - The total operational machines remained stable at 5,121 throughout the first quarter of 2025[2] - The company's total hashrate was consistent at 0.63 EH/s across January, February, and March 2025[2] Strategic Outlook - LM Funding's balance sheet strength is supported by diversified revenue streams from energy sales and Bitcoin mining[2] - LM Funding plans to continue its infrastructure expansion to enhance operational efficiency and revenue generation[2] Risk Factors - The company faces various risks including operating in the cryptocurrency mining business and changes in governmental regulations[5]

Core Insights - The company reported a modest decrease in Bitcoin mined due to the relocation of approximately 800 machines from Kentucky to Oklahoma, but its Bitcoin holdings increased to 155 Bitcoin valued at over $16 million, equating to $3.16 per share [1][2] - The revenue generated from power curtailment activities is seen as a strategy to mitigate exposure to energy and Bitcoin price volatility, enhancing capital efficiency and supporting long-term treasury accumulation [1][3] - The operational metrics for May 2025 indicate a total of 4,320 operational machines and a hashrate of 0.48 EH/s in Oklahoma, with a total hashrate remaining stable at 0.61 EH/s [4] Financial Performance - As of May 31, 2025, the estimated value of the company's Bitcoin holdings was approximately $16.2 million, based on a Bitcoin price of around $104,600, while the stock share price was $1.93 [2] - The company mined 6.3 Bitcoin in May 2025, down from 6.6 Bitcoin in April 2025, with no Bitcoin sold during May [4] Company Overview - LM Funding America, Inc. operates as a Bitcoin mining and specialty finance company, founded in 2008 and based in Tampa, Florida [3]

Bitcoin Mining Performance - The company mined 24.3 Bitcoin in the three months ended March 31, 2025, down from 86.4 Bitcoin in the same period of 2024[159]. - The average revenue per Bitcoin mined during the three months ended March 31, 2025, was $93,578, compared to $53,217 in the same period of 2024, representing an increase of 76%[159]. - The cost of mining one Bitcoin, including miner-related depreciation, was 149% of the average Bitcoin mining revenue for the three months ended March 31, 2025, compared to 101% in 2024[159]. - The company mined 24.3 Bitcoin at an average price of approximately $94 thousand during the three months ended March 31, 2025, compared to 86.4 Bitcoin at an average price of approximately $53 thousand in 2024[167]. - Bitcoin mining costs decreased by $1.3 million to $1.4 million for the three months ended March 31, 2025, from $2.7 million in 2024[169]. Financial Performance - Total revenue for the three months ended March 31, 2025, decreased by $2.3 million to $2.4 million from $4.7 million for the same period in 2024[166]. - The company’s digital mining revenues for the three months ended March 31, 2025, were $2,273,940, a decrease from $4,597,908 in the same period of 2024[159]. - The net loss for the three months ended March 31, 2025, was $5.4 million, compared to a net income of $1.9 million for the same period in 2024[176]. - For the three months ended March 31, 2025, the company reported a net loss of $5,406,999 compared to a net income of $2,353,838 in the same period of 2024[191]. - Core income before interest, taxes, and depreciation for Q1 2025 was a loss of $2,824,945, down from a profit of $4,427,960 in Q1 2024[191]. - Operating expenses increased by $3.8 million to $7.5 million for the three months ended March 31, 2025, up from $3.7 million in 2024[168]. - Cash and cash equivalents decreased to $1.03 million as of March 31, 2025, from $3.38 million at the end of 2024[181]. - The company had working capital of $8.3 million as of March 31, 2025, reflecting a decrease of $3.7 million since December 31, 2024[179]. Asset Valuation and Market Conditions - As of March 31, 2025, the company held approximately 160.2 Bitcoin with a carrying value of $14.5 million and a fair value of $13.2 million[155]. - The Bitcoin price range for the quarter ended March 31, 2025, was between $76,555 and $109,358, reflecting significant volatility in the market[153]. - The fair market adjustment on mined digital assets resulted in a loss of $1.8 million for the three months ended March 31, 2025, compared to a gain of $4.3 million in 2024[168]. - The company recognized an unrealized loss on securities of $26 thousand for the three months ended March 31, 2025, compared to an unrealized gain of $1.4 million in 2024[173]. - The company reported an unrealized loss on investment and equity securities of $25,984 in Q1 2025, contrasting with an unrealized gain of $1,350,979 in Q1 2024[191]. Operational Capacity and Management - The company has a total hashing capacity of approximately 0.612 EH/s with 5,600 mining machines as of March 31, 2025[156]. - The company has a 15 MW hosting site in Oklahoma with 4,320 installed S19 J Pro Antminer machines, increasing its total projected hashrate to 432 PH[157]. - The company’s management actively manages energy consumption to increase profitability, with curtailment decisions made in real-time based on power prices and Bitcoin value[162]. Future Outlook - The next Bitcoin halving event is anticipated to occur around April 2028, which may significantly impact Bitcoin prices and mining profitability[148]. Accounting and Reporting - There were no critical accounting estimates for the three months ended March 31, 2025, indicating stability in financial reporting practices[192]. - The company has not made any material changes to its critical accounting policies and estimates compared to the previous annual report[193]. - There are no off-balance sheet arrangements reported by the company, reflecting a straightforward financial structure[195]. - As a smaller reporting company, the company is not required to disclose quantitative and qualitative market risk information[196]. Interest and Depreciation - Interest expense increased to $220,906 in Q1 2025 from $70,826 in Q1 2024, indicating a significant rise in borrowing costs[191]. - Depreciation and amortization expenses rose to $2,037,578 in Q1 2025, compared to $1,976,196 in Q1 2024[191]. - The company incurred a $1.2 million impairment on mining equipment during the three months ended March 31, 2024, with no impairment loss reported for the same period in 2025[171].

分组1 - LM Funding America, Inc. reported a quarterly loss of $1.05 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.65, and compared to a loss of $0.84 per share a year ago, indicating a significant earnings surprise of -61.54% [1] - The company posted revenues of $2.37 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 15.32%, and down from $4.75 million in the same quarter last year [2] - The stock has underperformed the market, losing about 23.3% since the beginning of the year, while the S&P 500 has gained 0.2% [3] 分组2 - The current consensus EPS estimate for the coming quarter is -$0.45 on revenues of $2.5 million, and for the current fiscal year, it is -$2.56 on revenues of $9.8 million [7] - The Zacks Industry Rank for Financial - Miscellaneous Services is in the top 39% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]

Financial Data and Key Metrics Changes - In Q1 2025, the company mined 24.3 Bitcoins at an average price of $93,500, which is a 12% increase in Bitcoin mined sequentially [10] - Bitcoin mining revenue for the quarter was approximately $2.3 million, up 25% sequentially, reflecting improved machine efficiency and infrastructure investments [10] - Year-over-year revenue declined by 50.5% due to the impact of the April 2024 halving [10] - Mining margins improved from 31.2% in Q4 2024 to 38.5% in Q1 2025 [11] - The net loss for the quarter was $5.4 million, with a core EBITDA loss of $2.8 million, impacted by a non-cash write-down of $1.8 million for Bitcoin held [12] - The company finished the quarter with $1 million in cash and Bitcoin holdings valued at approximately $13.2 million as of March 31, 2025 [12] Business Line Data and Key Metrics Changes - The company transitioned to a vertically integrated operator in Bitcoin mining, improving margins and reducing operational risks [5] - The operational efficiency of existing infrastructure was maximized, achieving 560 petahash by March [6] - The company began monetizing curtailment energy sales, generating approximately $150,000 from power sales back to the grid [11] Market Data and Key Metrics Changes - As of April 30, the company held 148.7 Bitcoins, valued at $15.5 million based on a market price of $104,000 per Bitcoin [6] - The calculated value of Bitcoin holdings was approximately $3 per share compared to the stock price of $1.87 on May 13, 2025 [12] Company Strategy and Development Direction - The company is focusing on immersion mining technology, which is expected to enhance operational efficiency and reduce costs [8][14] - Plans to expand the Oklahoma site with two one-megawatt immersion mining containers are underway, with completion expected by the end of Q3 2025 [7] - The company aims to treat Bitcoin mining sites as power producers, leveraging energy agreements to sell curtailed energy back to the grid [14] - A long-term Bitcoin accumulation strategy remains in place, with intentions to add Bitcoin to the balance sheet through debt or equity [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future of Bitcoin and the potential for the new immersion mining technology to yield immediate returns [14] - The company is committed to building a sustainable business model that can thrive in various market conditions [14] - Management highlighted the disparity between the value of Bitcoin holdings and market capitalization, indicating potential for shareholder value creation [5][16] Other Important Information - The company has made significant strides in reducing operational costs, with a 7.7% reduction in staff costs, professional fees, and other expenses year-over-year [12] - The strategic decision to sell certain mining machines was made to focus on immersion technology, which is expected to be cash neutral [8] Q&A Session Summary Question: Can you talk about the Oklahoma site build-out and current thoughts on Texas? - Management indicated that there are no immediate plans for Texas due to counterparty issues, while the Oklahoma site is operational and expanding as planned [19] Question: Does the recent sale of S21 machines take care of all machines in inventory? - Management confirmed that the sale addressed some inventory but did not clarify the total impact on net revenue [21] Question: Are there specific geographies targeted for new sites? - Management mentioned that they are exploring opportunities in Oklahoma and Pennsylvania, with potential offerings in Texas [24]

Financial Data and Key Metrics Changes - In Q1 2025, the company mined 24.3 Bitcoins, a 12% increase sequentially, with Bitcoin mining revenue of approximately $2.3 million, reflecting a 25% sequential increase [10][12] - Year-over-year revenue declined by 50.5% primarily due to the impact of the April 2024 halving [10] - Mining margins improved from 31.2% in Q4 2024 to 38.5% in Q1 2025 [11] - The net loss for the quarter was $5.4 million, with a core EBITDA loss of $2.8 million, influenced by a non-cash write-down of $1.8 million for Bitcoin held [12] Business Line Data and Key Metrics Changes - The company has transitioned to a vertically integrated operator in Bitcoin mining, improving margins and reducing operational risks [4] - The operational efficiency was maximized, achieving 560 petahash at the end of March 2025 [6] - The company generated approximately $150,000 from power sales back to the grid, contributing to improved mining margins [11] Market Data and Key Metrics Changes - As of April 30, the company held 148.7 Bitcoins valued at approximately $15.5 million, equating to about $3.1 per share, while the stock traded at $1.87 [5][12] - The market price of Bitcoin recovered to approximately $104,000 as of May 13, 2025, reversing the earlier write-down [12] Company Strategy and Development Direction - The company is focusing on immersion mining technology, which is expected to enhance operational efficiency and open new mining site opportunities [14] - The strategy includes treating Bitcoin mining sites as power producers, allowing for energy sales back to the grid, thus providing a hedge against Bitcoin price volatility [15] - The company remains committed to a long-term Bitcoin accumulation strategy, indicating plans to potentially add Bitcoin to its balance sheet through debt or equity [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming immersion mining expansion in Oklahoma, anticipating immediate returns and unique site selection opportunities [14] - The company aims to build a sustainable business model that can thrive under various market conditions, emphasizing flexibility and lower costs in Bitcoin mining [15] - The management remains bullish on Bitcoin, reinforcing their commitment to long-term value creation for shareholders [17] Other Important Information - The company has begun relocating 800 machines to its wholly owned Oklahoma site to reduce power costs and enhance mining efficiency [9] - The transition to a leaner operational model has resulted in a 7.7% reduction in staff costs and other expenses year-over-year [11] Q&A Session Summary Question: Can you discuss the Oklahoma site build-out and current thoughts on Texas? - Management indicated that there are no immediate plans for Texas due to counterparty issues, while the Oklahoma site is operational and expanding as planned [19] Question: Does the recent sale of S21 machines address all inventory issues? - Management clarified that the sale of S21 machines was part of their strategy, and they are managing inventory effectively [22] Question: What geographies are being targeted for new sites? - Management mentioned that they are exploring opportunities in Oklahoma and Pennsylvania, with potential offerings in Texas as well [26][27]