LM Funding America

LM Funding America, Inc. is a technology-based specialty finance company, which engages in the provision of funding to nonprofit community associations. It also focuses on business of purchasing delinquent accounts on various terms tailored to suit each association's financial needs, and cryptocurrency mining through its subsidiary. The company was founded by Carollinn Gould and Frank Silcox on January 14, 2008 and is headquartered in Tampa, FL.

Earnings data Q1 2021

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Earnings data Q1 2024

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LM Funding America reports robust Q1 earnings amidst market undervaluation

LM Funding America's Q1 2024 earnings call highlighted strong financial performance, particularly in Bitcoin mining. The company is focused on growth, reinvestment, and technological advancements to capitalize on the potential of the cryptocurrency market.

LM Funding America reports revenue growth from Bitcoin mining operations

LM Funding America's Q2 performance reflects revenue growth from Bitcoin mining but also a net loss, signaling a focus on strategic investments.
The company's strengths lie in its expansion plans, reinvestment strategy, and the potential for revenue growth in the reserve funding market.
Challenges include managing costs, optimizing resource allocation, and navigating market volatility, while opportunities exist in legislative changes and operational enhancements.

LM Funding America reports Q3 results, eyes Bitcoin's $100,000 target

LM Funding America's Q3 2024 performance showed a mix of positive and challenging aspects. While revenue and mining capacity are strong points, the core EBIT loss and CEO absence present hurdles. The company's strategic shift and optimism about Bitcoin's future indicate a proactive approach to navigating the cryptocurrency landscape.

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TAMPA, Fla., Dec. 09, 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 the acquisition of 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.

LM Funding America, Inc. Closes Purchase of 15MW Mining Site

TAMPA, Fla., Dec. 09, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, announced today that it has entered into a warrant exercise agreement with a single institutional investor that is an existing holder of its common stock warrants wherein the investor agreed to exercise 1,736,370 outstanding common stock warrants (the “Existing Warrants”) to purchase an aggregate of 1,736,370 shares of common stock for cash at the exercise price of $2.98 per share. The Existing Warrants were previously issued in a private placement which closed in August 2024. In consideration for the immediate exercise of the Existing Warrants, the exercising holder received new unregistered common stock warrants (the “New Warrants”) to purchase an aggregate of 3,472,740 shares of common stock. The New Warrants will have an exercise price of $2.95 per share and will be immediately exercisable for a period of five years from the issuance date.

LM Funding America Enters Into Warrant Exercise Transaction for Gross Proceeds of $5.1 Million

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.

LM Funding America, Inc.'s Bitcoin Holdings Valued at $13.3 million in Monthly Update

LM Funding America, Inc. (NASDAQ:LMFA ) Q3 2024 Earnings Conference Call November 13, 2024 11:00 AM ET Company Participants Ted Ayvas - IR Ryan Duran - President, U.S. Digital Mining Richard Russell - CFO Conference Call Participants Kevin Dede - H.C. Wainright Matthew Galinko - Maxim Group Operator Greetings, and welcome to the LM Funding America Inc. Third Quarter 2024 Business Update Conference Call.

LM Funding America, Inc. (LMFA) Q3 2024 Earnings Call Transcript

TAMPA, FL / ACCESSWIRE / November 15, 2024 / LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company announced that it will be participating in November 21st Virtual Investor Summit Microcap Event. The Company will be available for 1-on-1 meetings throughout the day in addition to their presentation.

LM Funding America Inc. to Present at November 21st Virtual Investor Summit Microcap Event

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 this site.

LM Funding America, Inc. Enters into Agreement to Make Pivotal Acquisition

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.

LM Funding America, Inc. (LMFA) Reports Q3 Loss, Lags Revenue Estimates

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.

CORRECTION -- LM Funding America, Inc. Reports Financial Results and Provides Business Update for the Third Quarter of 2024

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.

LM Funding America, Inc. Reports Financial Results and Provides Business Update for the Third Quarter of 2024

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.

LM Funding America, Inc. Schedules Third Quarter 2024 Financial Results and Business Update Conference Call

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.

LM Funding America, Inc. Announces Ryan Duran Expands Leadership Role to President of its Bitcoin Mining Subsidiary - USDM

TAMPA, Fla., Oct. 17, 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 September 30, 2024.

LM Funding America, Inc.'s Bitcoin Holdings was Valued at $9.6 million in Monthly Update

Tampa, FL, Oct. 10, 2024 (GLOBE NEWSWIRE) -- LM Funding America Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and a technology-based specialty finance company, today announced that it expects its Bitcoin mining operations to remain unaffected by Hurricane Milton, thanks to the geographic distribution of its miners. The Company fully anticipates its Bitcoin mining operations will continue without any interruptions or damage.

LM Funding America Inc. Expects Operations to be Unaffected by Hurricane Milton; Headquarters Operating Remotely to Support Community Association Lending Businesses

TAMPA, Fla., Sept. 25, 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 August 31, 2024.

LM Funding America, Inc. estimates that the 135.7 Bitcoin holdings on August 31, 2024, were valued at approximately $8.7 million in their monthly updates

TAMPA, FL, Sept. 03, 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 Bruce Rodgers, Chairman and CEO of LM Funding, will be participating in the H.C. Wainwright 26th Annual Global Investment Conference being held September 9-11, 2024 at the Lotte New York Palace Hotel in New York City.

LM Funding America, Inc. to Present at the H.C. Wainwright 26th Annual Global Investment Conference

TAMPA, Fla., Aug. 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 announced that it has entered into a securities purchase agreement with a single institutional investor to purchase 278,000 shares of common stock and 605,000 pre-funded warrants in a registered direct offering, along with Series A warrants to purchase up to an aggregate of 883,000 shares of common stock and Series B warrants to purchase up to an aggregate of 883,000 shares of common stock in a concurrent private placement. The combined effective offering price for each share of common stock (or pre-funded warrant in lieu thereof) and accompanying Series A and B warrants is $2.93. The Series A and B Warrants will have an exercise price of $2.93, be exercisable beginning on the effective date of stockholder approval and, in the case of Series A warrants, will expire on the five-year anniversary from the date of stockholder approval, and in the case of Series B warrants, will expire on the two-year anniversary from the date of stockholder approval.

LM Funding America Announces Pricing of Registered Direct Offering for Aggregate Gross Proceeds of $2.6 Million

LM Funding America, Inc. (NASDAQ:LMFA ) Q2 2024 Earnings Conference Call August 14, 2024 11:00 AM ET Company Participants Ted Ayvas – Investor Relations Bruce Rodgers – Chief Executive Officer Richard Russell – Chief Financial Officer Conference Call Participants Michael Donovan – H.C. Wainwright Operator Greetings, and welcome to the LM Funding America Incorporated Second Quarter 2024 Business Update Call.

LM Funding America, Inc. (LMFA) Q2 2024 Earnings Call Transcript

LM Funding America, Inc. (LMFA) came out with a quarterly loss of $1.65 per share versus the Zacks Consensus Estimate of a loss of $0.85. This compares to loss of $0.42 per share a year ago.

LM Funding America, Inc. (LMFA) Reports Q2 Loss, Misses Revenue Estimates

Mined 44.1 Bitcoins in Q2 2024 Valued at Approximately $2.9 Million at an Average  Market Revenue Value of Approximately $66,000 per Bitcoin

LM Funding America, Inc. Reports Financial Results and Provides Business Update for the Second Quarter of 2024

Total Bitcoin holdings were approximately 132.5 BTC as of July 31, 2024, or approximately $8.1 million based on an estimated August 10, 2024, BTC price of $61,000 Total Bitcoin holdings were approximately 132.5 BTC as of July 31, 2024, or approximately $8.1 million based on an estimated August 10, 2024, BTC price of $61,000

LM Funding America, Inc. Provides Monthly Operational and Bitcoin Mining Update for Month Ended July 31, 2024; Announces LOI to Acquire a Mining Facility with 72 MW Potential

Total Bitcoin holdings were approximately 160.5 BTC as of June 30, 2024, or approximately $10.2 million based on an estimated July 15, 2024, BTC price of $63,750 Total Bitcoin holdings were approximately 160.5 BTC as of June 30, 2024, or approximately $10.2 million based on an estimated July 15, 2024, BTC price of $63,750

LM Funding America, Inc. Provides Monthly Operational and Bitcoin Mining Update for Month Ended June 30, 2024

LM Funding America (LMFA) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Here Is Why Bargain Hunters Would Love Fast-paced Mover LM Funding America (LMFA)

Tampa, FL, June 07, 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 a strategic collaboration to support the development of a new 15 MW hosting site being developed by Arthur Mining Inc., near Oklahoma City. In connection with collaboration, LM Funding has committed to loaning $2.5 million to a new joint venture, majority-owned by Arthur Mining and co-owned by a third-party, in order to accelerate completion of the 15 MW hosting site.

LM Funding America, Inc. Announces Strategic Collaboration with Arthur Mining to Support Development of New Hosting Sites with Dedicated Capacity Expected to Drive Revenue Growth and Significant Cost Efficiencies

LM Funding America (LMFA) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Looking for a Fast-paced Momentum Stock at a Bargain? Consider LM Funding America (LMFA)

LM Funding America, Inc. (NASDAQ:LMFA ) Q1 2024 Results Conference Call May 16, 2024 11:00 AM ET Company Participants Ted Ayvas - Crescendo Communications, IR Bruce Rodgers - CEO Richard Russell - CFO Conference Call Participants Kevin Dede - H.C. Wainright Operator Greetings.

News for LM Funding America Stock (LMFA)