LM Funding America(US:LMFA) GlobeNewswire News Roomยท2025-03-31 11:00Core 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]