Core Insights - LM Funding America, Inc. reported a definitive asset purchase agreement for an 11 MW Bitcoin mining site in Mississippi for $3.9 million, enhancing its operational capacity [1][4] - The company's direct mining margin improved to 41.0% from 38.5% in Q1 2025, driven by increased operational efficiency and power sales [1][4] - The financial results for Q2 2025 showed a GAAP net income of $0.1 million and Core EBITDA of $2.6 million, a significant recovery from a net loss of $5.4 million in Q1 2025 [1][4] Financial Highlights - Total revenue for Q2 2025 was $1.9 million, down 18.7% sequentially and down 36.0% year-over-year [4] - The company mined 18.4 Bitcoins during the quarter, a decrease of 24.3% sequentially, attributed to higher curtailment and downtime from relocating miners [4] - Operating expenses increased by 16.6% year-over-year and 2.5% sequentially to $2.0 million, primarily due to legal and consulting costs related to expansion [4] Operational Highlights - The company relocated approximately 800 hosted miners, completing its hosting exit, and is on track to expand its Oklahoma site by 2 MW later this year [4][5] - The Mississippi acquisition is expected to close on or before September 16, 2025, subject to due diligence [4][5] - The company generated approximately $223,000 in curtailment and energy sales for the quarter, up 49.2% sequentially, contributing to improved mining margins [4][5] Bitcoin Holdings - As of June 30, 2025, the company held 155.5 Bitcoins valued at approximately $16.7 million, with a cash balance of approximately $0.4 million [4][10] - By July 31, 2025, the company held 150.4 Bitcoins valued at approximately $18.0 million based on a Bitcoin price of $120,000 [4][10] Management Commentary - The CEO emphasized the company's commitment to vertical integration and disciplined growth strategy, highlighting operational upgrades and improved mining efficiency [4][5] - The CFO noted that despite a decrease in Bitcoin production, the company's strategies have led to improved direct mining margins and a positive outlook for asset growth [5]

Group 1 - The Company, Chicago Atlantic BDC, Inc., has declared a cash dividend of $0.34 per share for the quarter ending September 30, 2025 [1] - Key dates for the dividend include a record date of September 29, 2025, and a payment date of October 10, 2025 [1] - The Company has a dividend reinvestment plan (DRIP) that allows stockholders to reinvest dividends into additional shares unless they opt to receive cash [1] Group 2 - Chicago Atlantic BDC, Inc. is a specialty finance company regulated as a business development company under the Investment Company Act of 1940 [2] - The Company's investment objective is to maximize risk-adjusted returns on equity by primarily investing in direct loans to privately held middle-market companies, focusing on the cannabis sector [2] - The Company is managed by Chicago Atlantic BDC Advisers, LLC, which specializes in the cannabis industry and other niche sectors [2]

Core Viewpoint - Chicago Atlantic BDC, Inc. reported its financial results for the second quarter ended June 30, 2025, highlighting significant investment activity and a slight increase in net asset value per share [1][2][5]. Financial Performance - Total investment income for the second quarter was approximately $13.1 million, with net investment income of about $7.7 million, translating to $0.34 per weighted average share [5][9]. - The company incurred net expenses of approximately $5.4 million during the same period, resulting in a net increase in net assets from operations of approximately $8.6 million, or $0.38 per weighted average share [5][9]. Investment Activity - The company deployed $56 million in gross fundings during the second quarter, with a growing originations pipeline of over $780 million in cannabis and non-cannabis opportunities [3]. - Nine portfolio companies were funded with an aggregate par value of $39.1 million during the second quarter, and an additional $17.2 million was funded across five borrowers subsequent to the quarter end [10][9]. Liquidity and Capital Resources - As of June 30, 2025, the company had $108.8 million in liquidity, including $13.8 million in cash and cash equivalents, and $5.0 million in borrowings outstanding on its $100 million senior credit facility [6]. - By August 14, 2025, the company reported no outstanding borrowings on its senior credit facility and $125.4 million in liquidity [6]. Net Asset Value - The net asset value (NAV) per share increased to $13.23 as of June 30, 2025, compared to $13.19 as of March 31, 2025, driven by growth in net assets from operations [7][9]. - Total net assets as of June 30, 2025, were approximately $301.8 million, up from $301.0 million as of March 31, 2025 [7]. Dividend Declaration - The company declared a cash dividend of $0.34 per share for the quarter ending September 30, 2025, payable on October 10, 2025, to shareholders of record as of September 29, 2025 [11][9].

Summary of Orchid Island Capital, Inc. News Core Viewpoint Orchid Island Capital, Inc. has declared a monthly cash dividend of $0.12 per share for August 2025, with plans for regular monthly distributions to its common stockholders. The company is focused on maintaining its status as a real estate investment trust (REIT) by distributing at least 90% of its taxable income. Group 1: Dividend Announcement - The Board of Directors declared a monthly cash dividend of $0.12 per share for August 2025, payable on September 29, 2025, to stockholders of record as of August 29, 2025, with an ex-dividend date of August 29, 2025 [1] - The next common stock dividend announcement is expected on September 8, 2025 [7] Group 2: REIT Compliance and Distribution Strategy - To qualify as a REIT, the company must distribute annually at least 90% of its REIT taxable income, excluding net capital gains [2] - The company has not established a minimum distribution payment level and does not guarantee future distributions [2] Group 3: Shareholder Information - As of August 13, 2025, the company had 133,172,673 shares of common stock outstanding, an increase from 130,595,848 shares as of July 31, 2025 [3] Group 4: RMBS Portfolio Characteristics - Orchid Island Capital, Inc. invests in Agency RMBS, focusing on traditional pass-through Agency RMBS and structured Agency RMBS [4] - The company is managed by Bimini Advisors, LLC, a registered investment adviser [4] Group 5: RMBS Valuation and Characteristics - As of July 31, 2025, the total mortgage assets amounted to $7,350,578,000, with Fannie Mae and Freddie Mac representing 60.1% and 39.9% of the portfolio, respectively [11] - The company holds a significant portion of its assets in whole pool RMBS, accounting for 94.3% of total mortgage assets [12]

Core Insights - Consumer Portfolio Services, Inc. reported earnings of $4.8 million, or $0.20 per diluted share, for Q2 2025, reflecting an increase from $4.7 million, or $0.19 per diluted share, in Q2 2024 [1][2] Financial Performance - Revenues for Q2 2025 were $109.8 million, up $13.9 million, or 14.5%, from $95.9 million in Q2 2024 [2][10] - Total operating expenses for Q2 2025 were $102.8 million, compared to $89.2 million in the same period of 2024 [2][12] - Pretax income for Q2 2025 increased to $7.0 million from $6.7 million in Q2 2024 [2][10] - For the six months ended June 30, 2025, total revenues were $216.6 million, an increase of approximately $29.0 million, or 15.5%, compared to $187.6 million for the same period in 2024 [3] - Net income for the six months ended June 30, 2025, rose to $9.5 million from $9.3 million in the prior year [3][12] Portfolio and Contracts - During Q2 2025, CPS purchased $433.0 million of new contracts, slightly up from $431.9 million in Q2 2024 [4][14] - The company's receivables totaled $3.708 billion as of June 30, 2025, an increase from $3.615 billion as of March 31, 2025, and from $3.173 billion as of June 30, 2024 [4][14] Credit Quality - Annualized net charge-offs for Q2 2025 were 7.45% of the average portfolio, compared to 7.26% for Q2 2024 [5][15] - Delinquencies greater than 30 days were 13.14% of the total portfolio as of June 30, 2025, down from 13.29% as of June 30, 2024 [5][15] Management Commentary - The CEO highlighted improvements in earnings and operating efficiencies, emphasizing a focus on credit quality and loan performance as the portfolio grows [6]

Core Viewpoint - Monroe Capital Corporation (MRCC) announced its financial results for Q2 2025 and revealed a merger agreement with Horizon Technology Finance Corporation (HRZN), which is subject to shareholder approvals and closing conditions [1][4]. Financial Highlights - Adjusted Net Investment Income (NII) for Q2 2025 was $3.3 million, or $0.15 per share, down from $4.2 million, or $0.19 per share in Q1 2025 [6][13]. - Net Asset Value (NAV) decreased to $179.6 million, or $8.29 per share, from $186.9 million, or $8.63 per share in the previous quarter [6][10]. - The company paid a quarterly dividend of $0.25 per share, reflecting an annualized dividend yield of approximately 14.6% [4][9]. Investment Portfolio - Total investments at fair value were $367.7 million as of June 30, 2025, down from $430.6 million at the end of Q1 2025 [8][11]. - The number of portfolio company investments decreased from 85 to 80, with 3.6% of these investments on non-accrual status [11][12]. - The weighted average contractual yield on the portfolio was 9.9%, down from 10.1% in the previous quarter [11]. Debt and Leverage - Debt-to-equity leverage decreased from 1.45 times to 1.17 times during the quarter, as proceeds from sales and paydowns were used to reduce the revolving credit facility balance [7][19]. - As of June 30, 2025, the company had $2.4 million in cash and cash equivalents and $210.3 million in total debt [19][25]. Merger and Asset Sale - MRCC entered into a definitive merger agreement with HRZN, which includes an asset purchase agreement to sell its investment assets to Monroe Capital Income Plus Corporation (MCIP) prior to the merger closing [1][4]. - The merger is expected to unlock value for shareholders through synergies and operating leverage in a larger, more scaled HRZN [4].

Company Overview - Monroe Capital Corporation is a publicly-traded specialty finance company that primarily invests in senior, unitranche, and junior secured debt, as well as unsecured debt and equity investments in middle-market companies [2] - The company's investment objective is to maximize total return to stockholders through current income and capital appreciation [2] - Investment activities are managed by Monroe Capital BDC Advisors, LLC, an investment adviser registered under the Investment Advisers Act of 1940 [2] Recent Developments - Monroe Capital Corporation will report its second quarter financial results for the period ended June 30, 2025, on August 11, 2025, after the close of financial markets [1] Awards and Recognition - Monroe has received multiple awards, including Private Debt Investor's 2024 Lower Mid-Market Lender of the Year and 2023 Lower Mid-Market Lender of the Decade [4] - Other accolades include recognition from Global M&A Network and Creditflux for excellence in private debt and direct lending [4] Investment Strategy - Monroe Capital LLC specializes in private credit markets, offering various strategies such as direct lending, technology finance, and alternative credit solutions [3] - The firm aims to provide high-quality "alpha" returns regardless of business or economic cycles [3]

Core Insights - The company reported a Bitcoin treasury valued at approximately $17.8 million as of July 31, 2025, equating to $3.46 per share based on a Bitcoin price of around $118,100 [1][3]. Bitcoin Mining Operations - In July 2025, the company mined 5.9 Bitcoin, a 7% increase from June 2025's 5.5 Bitcoin [2]. - The company sold 11.0 Bitcoin in July 2025, compared to 5.0 Bitcoin sold in June 2025 [2]. - The company's Bitcoin holdings decreased from 155.5 Bitcoin in June 2025 to 150.4 Bitcoin in July 2025 [2]. Operational Capacity - The total number of operational machines remained constant at 4,320 in both June and July 2025 [2]. - The total number of machines, including storage, was 5,538 in both months [2]. - The company's hashrate remained stable at 0.60 EH/s in July 2025 [2]. Financial Performance - The company experienced a 20% growth in energy revenue in July 2025, attributed to the reinvestment of treasury assets into operations [3]. - The stock share price was reported at $2.12 as of July 31, 2025 [3].

Core Viewpoint - Runway Growth Finance Corp. reported its financial results for the second quarter of 2025, showcasing a solid performance with total investment income of $35.1 million and net investment income of $13.9 million, indicating a strategic focus on optimizing its investment portfolio and enhancing shareholder returns [2][5][9]. Financial Performance - Total investment income for Q2 2025 was $35.1 million, up from $34.2 million in Q2 2024 [5]. - Net investment income for Q2 2025 was $13.9 million, or $0.38 per share, compared to $14.6 million, or $0.37 per share, in Q2 2024 [5]. - Operating expenses increased to $21.2 million in Q2 2025 from $19.6 million in Q2 2024 [7]. - The dollar-weighted annualized yield on average debt investments was 15.4% for Q2 2025 [6]. Investment Portfolio - As of June 30, 2025, the investment portfolio had a fair value of $1.0 billion, consisting of $962.5 million in loans (97.8% senior secured) and $62.5 million in warrants and equity-related investments [10]. - The company completed two investments in new portfolio companies and one in an existing company, totaling $37.8 million in funded investments during Q2 2025 [11]. Net Asset Value - The net asset value (NAV) per share as of June 30, 2025, was $13.66, reflecting a 1% increase from $13.48 as of March 31, 2025 [12]. - Total net assets at the end of Q2 2025 were $498.9 million [12]. Liquidity and Capital Resources - The company had approximately $297.0 million in available liquidity as of June 30, 2025, including $6.0 million in cash and $291.0 million in borrowing capacity [13]. - The core leverage ratio was approximately 105%, up from 99% at the end of Q1 2025 [13]. Distributions - The board declared total distributions of $0.36 per share for Q3 2025, consisting of a regular dividend of $0.33 and a supplemental dividend of $0.03 [14].

Core Points - Runway Growth Finance Corp. declared total distributions for Q3 2025 of $0.36 per share, consisting of a regular cash dividend of $0.33 and a supplemental dividend of $0.03 [1] - The key dates for the Q3 2025 dividend include the declaration date on August 6, 2025, record date on August 18, 2025, and payment date on September 2, 2025 [2] - Runway Growth aims to distribute substantially all of its available earnings on a quarterly basis, subject to the discretion of its Board of Directors [2] - The company operates as a closed-end investment fund regulated as a business development company under the Investment Company Act of 1940 [3] - Runway Growth is externally managed by Runway Growth Capital LLC, led by industry veteran David Spreng [3]