Core Insights - LM Funding America, Inc. has announced a new order for 270 Bitmain S21+ mining machines, which will enhance its cryptocurrency mining operations [1] - The new mining machines are expected to be received in March 2025 and will be installed at a new 15MW mining site in Oklahoma, increasing the company's total mining capacity by approximately 58 petahash [2] Company Overview - LM Funding America, Inc. operates in the cryptocurrency mining sector and began Bitcoin mining operations in September 2022. The company also provides specialty finance services to nonprofit community associations primarily in Florida, Washington, Colorado, and Illinois [3]

Financial Results and Updates - The press release was issued on October 17, 2024, detailing the financial results and operational updates[5] - The company provided Bitcoin production and mining updates for the one month and three months ended September 30, 2024[5] Forward-Looking Statements - Forward-looking statements are included, highlighting risks and uncertainties that could affect actual results[5] - Investors are advised to refer to the company's SEC filings for additional risk factors that could impact performance[5] - The company disclaims any obligation to update forward-looking statements unless required by law[5] Compliance and Signatures - The company emphasizes that the information is not deemed "filed" under the Securities Exchange Act of 1934[5] - The report was signed by Richard Russell, CFO, on October 17, 2024[7]

TAMPA, Fla., Nov. 21, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, today provided a preliminary, unaudited Bitcoin mining and operational update for the month ended October 31, 2024. Metrics * One MonthOctober 31,2023 One MonthSeptember 30,2024 One MonthOctober 31,2024          Bitcoin Mined, net 36.9  6.6  7.3  Bitcoin Sold (55.0) -  (9.0) Service Fee (rounding) -  0.1  -  Bitcoin Ho ...

TAMPA, Fla., Nov. 14, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, is pleased to announce the signing of an asset purchase agreement to acquire the business assets of a 15 MW mining site in Oklahoma from Tech Infrastructure JV I LLC (“JV”), a joint venture majority-owned by Arthur Inc., for $7.3 million. The Company currently operates 10 MW of machines actively mining Bitcoin (BTC) at ...

UNITEDSTATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-37605 LM FUNDING AMERICA, INC. (Exact name of Registrant as specified in its charter) Delaware 47-3844457 (State or other jur ...

LM Funding America, Inc. (LMFA) came out with a quarterly loss of $1.54 per share versus the Zacks Consensus Estimate of a loss of $1.25. This compares to loss of $1.98 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -23.20%. A quarter ago, it was expected that this company would post a loss of $0.85 per share when it actually produced a loss of $1.65, delivering a surprise of -94.12%.Over the last four quarters, the company h ...

TAMPA, Fla., Nov. 13, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by LM Funding America, Inc. (NASDAQ: LMFA), please note that the Balance Sheet table has been updated. The corrected release is as follows: LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, today provided a business update and reported financial results for the three and nine months ended September 30, 2024. Fi ...

TAMPA, Fla., Nov. 13, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, today provided a business update and reported financial results for the three and nine months ended September 30, 2024. Financial highlights Held 142.3 Bitcoin on September 30, 2024, Valued at Approximately $12.4 Million Based on Recent Bitcoin Price of $87,000Digital mining cost of revenues (exclusive of depreciation ...

Tampa, FL, Nov. 08, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today announced that it will host a conference call on Wednesday, November 13, 2024, at 11:00 a.m. Eastern Time to discuss financial results for the quarter ended September 30, 2024, and provide a business update. The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or ...

Tampa, FL, Oct. 23, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, is pleased to announce the promotion of Ryan Duran from Vice President of Operations to President of its digital mining subsidiary, US Digital Mining and Hosting Co LLC. Bruce Rodgers, Chairman and CEO of LM Funding, stated, "As we continue to focus and expand our Bitcoin mining operations, it is clear that strong, dedic ...