TAMPA, FL, July 16, 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 update for the month ended June 30, 2024. *Unaudited Bruce M. Rodgers, Chairman and CEO of LM Funding, stated, "Our mining operations for June 2024 reflect the timely ending of several unfavorable hosting contracts as of May 31, 2024, which allows us to reposition ou ...

TAMPA, FL, July 16, 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 update for the month ended June 30, 2024. *Unaudited Bruce M. Rodgers, Chairman and CEO of LM Funding, stated, "Our mining operations for June 2024 reflect the timely ending of several unfavorable hosting contracts as of May 31, 2024, which allows us to reposition ou ...

Core Viewpoint - LM Funding America, Inc. (LMFA) has demonstrated strong momentum with a 27.6% increase over the past 12 weeks and a 38.3% rise in the last four weeks, making it an attractive investment opportunity [1][10]. Valuation Metrics - LMFA is currently trading at a Price-to-Sales ratio of 0.69, indicating that investors are paying 69 cents for each dollar of sales, which is considered a reasonable valuation [2]. Momentum Characteristics - The stock has a beta of 1.31, suggesting it moves 31% more than the market in either direction, indicating fast-paced momentum [5]. - LMFA has a Momentum Score of B, suggesting it is an opportune time to invest in the stock to capitalize on its momentum [13]. Earnings Estimates - An upward trend in earnings estimate revisions has contributed to LMFA earning a Zacks Rank 2 (Buy), which is associated with strong momentum among stocks in this category [11]. Investment Strategy - Momentum investors typically focus on "buying high and selling higher," rather than waiting for stocks to recover from low prices [8]. - The Zacks Momentum Style Score and the 'Fast-Paced Momentum at a Bargain' screen are tools that help identify stocks like LMFA that exhibit strong price momentum while still being attractively priced [9].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 1200 West Platt Street Suite 100 Tampa, Florida 33606 (Address of Principal Executive Offices) (Zip Code) Identification No.) LM FUNDING AMERICA, INC. (Exact name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation) Delaware 001-37605 47-3844457 (Commission File Number) (IRS Employer FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of ...

*Unaudited + approximately 370 machines are in transit to new hosting site Five Months May 31, 2024 Bitcoin Beginning Balance 95.1 126.8 153.6 163.4 155.1 95.1 Bitcoin Mined, net 31.7 26.8 27.9 24.7 14.0 125.1 Bitcoin Sold - - (18.0) (33.0) (6.0) (57.0) Service Fee - - (0.1) - - (0.1) Bitcoin Holdings 126.8 153.6 163.4 155.1 163.1 163.1 TAMPA, FL, June 10, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty f ...

Bruce Rodgers, Chief Executive Officer of LM Funding, commented, "We look forward to working with Arthur Mining to advance development of the new 15 MW hosting site, as well as the potential new 60 MW site. We believe these sites would provide us with cost-effective, short and long-term solutions to host our S19J Pros, allowing us to rapidly scale our cryptocurrency mining capabilities. Partnering with Arthur Mining enables us to reap the benefits of vertical integration, while remaining focused on our core ...

About LM Funding America This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," and "project" and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guaranties of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainti ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phas ...

LM Funding America, Inc. (LMFA) came out with a quarterly loss of $0.84 per share versus the Zacks Consensus Estimate of a loss of $0.57. This compares to loss of $0.36 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -47.37%. A quarter ago, it was expected that this company would post a loss of $1.20 per share when it actually produced a loss of $0.67, delivering a surprise of 44.17%. Over the last four quarters, the company ...

Mined 86.4 Bitcoins in Q1 2024 Valued at Approximately $4.6 Million at an Average Market Revenue Value of Approximately $53,000 per Bitcoin Held 163.4 Bitcoin at March 31, 2024, Valued at Approximately $11.7 Million Based on Bitcoin Price of $71,300 Reports Working Capital of Approximately $12.7 Million and LM Funding Stockholders' Equity of $38.5 Million ($15.43 per share) as of March 31, 2024 Conference Call to Be Held Today at 11:00 am ET TAMPA, Fla., May 16, 2024 (GLOBE NEWSWIRE) -- LM Funding America, ...