LM Funding America(US:LMFA) Globenewswireยท2025-10-08 12:30Core Insights - LM Funding America, Inc. reported a preliminary, unaudited operational update for Bitcoin mining for September 2025, highlighting an increase in Bitcoin mined and a strategic acquisition in Mississippi [1][2]. Financial Performance - In September 2025, the company mined 5.9 Bitcoin, a slight increase from 5.8 Bitcoin in August 2025 [2]. - Bitcoin sold increased from 9.0 Bitcoin in August to 12.5 Bitcoin in September [2]. - The company's Bitcoin holdings decreased from 311.2 Bitcoin in August to 304.5 Bitcoin in September, valued at approximately $34.7 million based on a Bitcoin price of $114,070 [2][3]. - As of October 6, 2025, the value of Bitcoin holdings rose to approximately $38.1 million, with a Bitcoin price of $125,000 [3]. Operational Update - The acquisition of a Mississippi site for $4.3 million added 7.5 MW of capacity and 220 PH/s to the company's operations, funded entirely from the balance sheet [2][3]. - Total machines increased from 5,538 in August to 7,491 in September, with the addition of 2,376 machines in Mississippi [2]. - The average hashrate improved from 0.39 EH/s in August to 0.48 EH/s in September, despite operational challenges during the transition of the Mississippi site [3]. Leadership Changes - Todd Liebel was appointed as Vice President of U.S. Digital Mining & Hosting Co., tasked with overseeing the integration of the Mississippi acquisition and enhancing operational efficiency [3].