LM Funding America(LMFA)

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LM Funding America, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results
GlobeNewswire News Room· 2025-03-31 11:00
Core Insights - LM Funding America, Inc. reported total revenue of $2.0 million for Q4 2024 and $11.0 million for the full year 2024, reflecting a year-over-year decrease primarily due to the April 2024 Bitcoin halving event [1][11] - The company achieved a Core EBITDA of $3.3 million for Q4 2024 and $3.9 million for the full year 2024, a significant improvement from a Core EBITDA loss of $0.2 million in 2023 [1][11] - As of February 28, 2025, LM Funding held 165.8 Bitcoin valued at approximately $14.4 million, indicating a strategic accumulation of digital assets [1][5] Financial Highlights - Q4 2024 total revenue was $1.985 million, down from $4.055 million in Q4 2023, with digital mining revenues contributing $1.814 million [15] - For the full year 2024, total revenues were $10.999 million, compared to $12.984 million in 2023 [15] - The net income attributable to LM Funding shareholders improved to approximately $2.0 million in 2024 from a net loss of $1.6 million in 2023 [5][11] Operational Highlights - The company transitioned to a vertically integrated mining model, managing its own infrastructure to enhance margins and reduce risks associated with third-party hosting [4] - LM Funding secured low-cost power for its mining operations at its Oklahoma facility, which is expected to significantly lower energy costs and improve operational efficiency [4][6] - A partnership with Luxor Technology Corporation aims to install proprietary firmware that could boost mining efficiency by 10-15% without additional capital expenditures [6] Strategic Commentary - The CEO emphasized the importance of the Bitcoin halving as a pivotal opportunity for the company, highlighting the shift to a self-managed infrastructure model [4] - The CFO noted disciplined spending during the expansion phase, which contributed to profitability and growth in the Bitcoin treasury [5][7] - The company aims to acquire new mining sites to further enhance its revenue potential [4]
LM Funding America Announces Fourth Quarter and Full Year 2024 Earnings Call for March 31, 2025
Newsfilter· 2025-03-25 12:00
Core Viewpoint - LM Funding America, Inc. is set to announce its fourth quarter and full year 2024 earnings on March 31, 2025, at 8:00 AM EST, indicating a focus on transparency and communication with investors [1][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 is publicly traded on NASDAQ under the ticker symbol LMFA [3]. Earnings Announcement Details - The earnings release and investor presentation will be made available on the company's Investor Relations website on the morning of March 31, 2025, prior to the conference call [2]. - The conference call will provide insights into the company's financial performance and strategic direction [1][4].
LM Funding America(LMFA) - 2024 Q4 - Annual Results
2025-03-31 11:01
Compliance and Reporting - The report is part of the company's ongoing compliance with the Securities Exchange Act of 1934[9] - The company has filed its Annual Report on Form 10-K for the year ended December 31, 2023, detailing potential risks[9] - The press release issued on January 16, 2025, is incorporated as Exhibit 99.1[8] - The company is registered under the Commission File Number 001-37605[5] - The company's common stock is traded on The Nasdaq Stock Market LLC under the symbol LMFA[5] - The CFO Richard Russell signed the report, indicating official acknowledgment of the contents[13] Financial Performance and Outlook - The company anticipates that actual results may differ materially from forward-looking statements due to various risks and uncertainties[9] - The report does not include any financial statements or detailed performance metrics[7] - The company has not indicated any new product launches or market expansions in this report[9] Bitcoin Production and Mining - The company provided a Bitcoin production and mining update for the month ended December 31, 2024[6]
LM Funding America Announces February 2025 Production and Operational Update
Globenewswire· 2025-03-06 13:00
Core Insights - The company completed a LuxOS firmware upgrade that has improved fleet efficiency and increased Bitcoin production without the need for additional machines [1][2] - As of February 28, 2025, the company holds 165.8 BTC valued at approximately $14.6 million, translating to about $2.85 per share based on a Bitcoin price of approximately $88,100 [1][2] Operational Metrics - Bitcoin mined (net) increased from 7.0 in December 2024 to 8.1 in February 2025, while Bitcoin sold remained at 0 for January and February 2025 [2] - The company's Bitcoin HODL increased from 150.2 BTC in December 2024 to 165.8 BTC in February 2025 [2] - The total number of operational machines remained stable at 5,121 from January to February 2025, with a total of 5,840 machines [2] Hashrate Performance - The total hashrate remained consistent at 0.63 EH/s from December 2024 to February 2025, with specific contributions from Oklahoma and hosted machines [2]
LM Funding America, Inc. Upgrades Fleet Efficiency and Hashrate with Luxor Firmware by 10-15%
Globenewswire· 2025-02-19 13:00
Core Insights - LM Funding America, Inc. has announced a strategic partnership with Luxor Technology Corporation to deploy LuxOS firmware on its Bitcoin mining fleet, aiming to enhance mining efficiency and profitability [1][2][3] Company Overview - LM Funding America, Inc. operates as a Bitcoin mining and specialty finance company, founded in 2008 and based in Tampa, Florida [6] - Luxor Technology Corporation specializes in Bitcoin mining software and services, offering a range of products for the mining and compute power industry [7] Partnership Details - The LuxOS firmware upgrade was completed in early February 2025, expected to optimize mining machines, increase efficiency and hashrate by 10-15%, and improve system reliability [2][3] - The partnership is anticipated to enhance LM Funding's Bitcoin mining efficiency, leading to higher profitability and extended machine life without additional hardware investment [2][3] Technology Insights - LuxOS features intelligent auto-tuning, adjusting machine voltage and frequency to maximize hashrate while reducing power consumption [4] - The Advanced Thermal Management system of LuxOS ensures long-term operational stability by dynamically adjusting performance based on temperature thresholds [4] Compliance and Security - Luxor is the only U.S.-based firmware to achieve SOC 2 (Type II) certification, demonstrating a commitment to security, reliability, and compliance in institutional Bitcoin mining operations [5]
LM Funding America Announces January 2025 Production and Operational Update
Globenewswire· 2025-02-11 13:00
Core Insights - LM Funding America, Inc. has reported a significant operational update for January 2025, highlighting the full operational status of its 15 MW mining site in Oklahoma and an increase in Bitcoin holdings valued at approximately $16.1 million as of January 31, 2025 [1][3]. Group 1: Operational Metrics - The company mined 8.0 Bitcoin in January 2025, an increase from 7.0 Bitcoin in December 2024 [2]. - The total number of operational machines increased from 3,681 in December 2024 to 5,121 in January 2025 [2]. - The hashrate at the Oklahoma site increased from 0.29 EH/s in December 2024 to 0.43 EH/s in January 2025 [2]. Group 2: Financial Performance - The value of the company's Bitcoin holdings rose from 150.2 Bitcoin in December 2024 to 158.2 Bitcoin in January 2025, reflecting a strong accumulation strategy [2][3]. - The estimated value of the 158.2 Bitcoin holdings was approximately $16.1 million, based on a Bitcoin price of around $102,000 as of January 31, 2025 [3]. Group 3: Strategic Outlook - The company aims to pursue additional low-cost energy sites and strategic mergers and acquisitions to enhance its growth trajectory [3]. - LM Funding is focusing on acquiring green field and brown field power assets in the 5 to 20 MW range, which are typically overlooked by larger operators [3].
LM Funding America, Inc. to Participate in the "Digital Assets 2025: To Bitcoin and Beyond," Virtual Conference Presented by Maxim Group LLC on Wednesday, February 12th at 8:30 AM EST
Newsfilter· 2025-02-10 13:00
Group 1 - LM Funding America, Inc. is participating in the "Digital Assets 2025: To Bitcoin and Beyond" virtual conference hosted by Maxim Group LLC on February 12, 2025 [1] - Bruce M. Rodgers, Chairman and CEO of LM Funding, will present at the conference, highlighting the company's role in the cryptocurrency mining and specialty finance sector [1][3] - The conference will feature discussions on the evolution of the digital asset ecosystem, including Bitcoin miners and corporate adopters of cryptocurrency as a treasury strategy, amidst expected regulatory changes [2] Group 2 - LM Funding America, Inc. operates as a Bitcoin mining and specialty finance company, founded in 2008 and based in Tampa, Florida [3] - Maxim Group LLC is a full-service investment banking and wealth management firm that provides a range of financial services, including investment banking and equity research [4]
LM Funding America, Inc. to Participate in the “Digital Assets 2025: To Bitcoin and Beyond,” Virtual Conference Presented by Maxim Group LLC on Wednesday, February 12th at 8:30 AM EST
Globenewswire· 2025-02-10 13:00
Group 1 - LM Funding America, Inc. is a cryptocurrency mining and technology-based specialty finance company that will be represented by its Chairman and CEO, Bruce M. Rodgers, at the "Digital Assets 2025: To Bitcoin and Beyond" virtual conference on February 12, 2025 [1] - The conference will feature discussions on the evolution of the digital asset industry, including insights from Bitcoin miners, equipment providers, and corporate adopters of cryptocurrency as a treasury strategy, with a focus on expected regulatory changes in 2025 [2] - LM Funding America, Inc. was founded in 2008 and is headquartered in Tampa, Florida, specializing in Bitcoin mining and specialty finance [3] Group 2 - Maxim Group LLC is a full-service investment banking and wealth management firm that hosts the upcoming virtual conference, providing a range of financial services including investment banking and equity research [4]
LM Funding America Achieves 560 PH/s with 15 MW Oklahoma Mining Site Active
Newsfilter· 2025-01-27 13:30
Core Insights - LM Funding America, Inc. has successfully deployed approximately 432 petahash per second (PH/s) of miners at its 15 MW mining site in Oklahoma, increasing its total active miners to 5,121 and achieving an energized hashrate of approximately 560 PH/s across multiple sites [1][2] Company Overview - LM Funding America operates as a Bitcoin mining and specialty finance company, founded in 2008 and based in Tampa, Florida. The company has two segments: Specialty Finance and Mining Operations [3] Operational Achievements - The deployment of additional miners at the Oklahoma site marks the achievement of previously outlined objectives, with plans to aggressively pursue the acquisition of additional mining sites that align with strategic investment criteria [2] - The company successfully transitioned 1,440 miners from storage to active deployment, demonstrating a commitment to operational excellence [2]
LM Funding America, Inc.'s Bitcoin Holdings Valued at $15.0 Million in Monthly Update
GlobeNewswire News Room· 2025-01-16 13:30
Core Insights - LM Funding America, Inc. reported a preliminary, unaudited Bitcoin mining and operational update for December 2024, indicating a gain on fair value of mined Bitcoin of approximately $4.0 million in Q4 2024 [1][3] - The company held 150.2 Bitcoin as of December 31, 2024, with an estimated value of approximately $15.0 million based on a projected BTC price of $100,000 on January 15, 2025 [3] Mining Operations - Bitcoin mined in December 2024 was 37.3 Bitcoin, a significant increase from 7.0 Bitcoin in November 2024 [2] - Bitcoin sold in December 2024 was 18.0 Bitcoin, compared to 4.0 Bitcoin in November 2024 [2] - The company had approximately 5,950 miners deployed at the end of December 2024, up from 3,700 miners in previous months [2] Strategic Focus - The company emphasizes enhancing operational efficiency while strategically managing its Bitcoin assets, focusing on mining productivity and asset retention [4] - This strategy positions the company for sustained growth and resilience in the competitive cryptocurrency market [4] Company Overview - LM Funding America operates as a cryptocurrency mining and specialty finance company, founded in 2008 and based in Tampa, Florida [5]