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 Q4 2020

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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.

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Expects machines to be located and mining by early April, increasing mining capacity to 673 PH Expects machines to be located and mining by early April, increasing mining capacity to 673 PH

LM Funding to Take Early Delivery of 300 S21 Bitmain Mining Machines in Advance of 2024 Bitcoin Halving Event

Total Bitcoin holdings increase to approximately 153.6 BTC as of Februrary 29, 2024, or approximately $10.4 million based on an estimated March 8, 2024, BTC price of $68,000 Total Bitcoin holdings increase to approximately 153.6 BTC as of Februrary 29, 2024, or approximately $10.4 million based on an estimated March 8, 2024, BTC price of $68,000

LM Funding America, Inc. Provides Monthly Operational and Bitcoin Mining Update for Month Ended February 29, 2024

TAMPA, FL , March 08, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or "LMFA"), a cryptocurrency mining and technology-based specialty finance company, today announced a 1-for-6 reverse stock split of its outstanding common stock, effective at 12:01 a.m. Eastern time on March 12, 2024. Beginning March 12, 2024, LM Funding's common stock will trade on a split-adjusted basis.

LM Funding Announces 1-for-6 Reverse Stock Split to Ensure Compliance with Nasdaq Continued Listing Requirements and to Attract a Broader Audience of Investors

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Total Bitcoin holdings increase to approximately 126.8 BTC, or approximately $5.4 million based on an estimated January 31, 2024, BTC price of $42,500 Total Bitcoin holdings increase to approximately 126.8 BTC, or approximately $5.4 million based on an estimated January 31, 2024, BTC price of $42,500

LM Funding America, Inc. Provides Monthly Operational and Bitcoin Mining Update for Month Ended January 31, 2024

Tampa, Florida--(Newsfile Corp. - January 25, 2024) - LM Funding America, Inc. (NASDAQ: LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today announced that management will be participating at The Microcap Conference which is being held on January 30 - February 1, 2024 at Caesars Atlantic City Hotel & Casino in Atlantic City, NJ. Bruce M. Rodgers, Chairman and CEO of the Company is scheduled to present on Wednesday, January 31st at 2:00 PM EST in Track 2 and Thursday, February 1st at 2:00 PM EST in Track 2.

LM Funding to Present at the Microcap Conference in Atlantic City

Reports Increase in Bitcoin Holdings to 95.1 BTC valued at $4.0 Million at Year End Reports Increase in Bitcoin Holdings to 95.1 BTC valued at $4.0 Million at Year End

LM Funding America, Inc. Provides Quarterly Operational and Bitcoin Mining Update for Three Months Ended December 31, 2023

Purchases 300, high-efficiency, S21 Antminers for $1.1 Million Delivery of machines expected during second quarter of 2024 TAMPA, FL, Jan. 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 an agreement to purchase 300 Bitmain S21 Antminer machines for approximately $1.1 million. The S21 is a high efficiency, high hash rate machine mining SHA-256 algorithm manufactured by Bitmain that generates a hash rate of 200 TH/s with a power consumption of 3,500 W.

LM Funding Invests in S21 Bitmain Mining Machines in Advance of 2024 Bitcoin Halving Event

Sale Price of $2 Million Strengthens Balance Sheet; Provides Additional Resources to Purchase New Mining Machines in Preparation for Expected Bitcoin Halving Event in Q2 2024 Sale Price of $2 Million Strengthens Balance Sheet; Provides Additional Resources to Purchase New Mining Machines in Preparation for Expected Bitcoin Halving Event in Q2 2024

LM Funding Sells Symbiont's Blockchain Technology to Platonic Holdings Inc.

LM Funding America, Inc. (NASDAQ:LMFA ) Q3 2023 Earnings Conference Call November 15, 2023 11:00 AM ET Company Participants Bruce Rodgers - Chief Executive Officer Rick Russell - Chief Financial Officer Ted Ayvas - Investor Relations Conference Call Participants Matthew Galinko - Maxim Michael Donovan - H.C. Wainwright Operator Greetings!

LM Funding America, Inc. (LMFA) Q3 2023 Earnings Call Transcript

Mined 117.1 Bitcoins in the Third Quarter of 2023 at an Average  Market Revenue Value of Approximately $28,000 per Bitcoin

LM Funding America, Inc. Achieves Over 1,720% Year-Over-Year Revenue Growth to $3.4 Million

TAMPA, FL, Nov. 13, 2023 (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 15, 2023, at 11:00 a.m. Eastern Time to discuss financial results for the quarter ended September 30, 2023, and provide a business update.

LM Funding America, Inc. Schedules Third Quarter 2023 Financial Results and Business Update Conference Call

Reports Increases in Bitcoin Mined, Bitcoin Sold and New Mining Machines Reports Increases in Bitcoin Mined, Bitcoin Sold and New Mining Machines

LM Funding America, Inc. Provides Quarterly Operational and Bitcoin Mining Update for Three Months Ended September 30, 2023

TAMPA, FL, Sept. 06, 2023 (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 M. Rodgers, Chairman and CEO of LM Funding America will be participating in the H.C. Wainwright (HCW) 25th Annual Global Investment Conference being held September 11-13, 2023 at the Lotte New York Palace Hotel in New York City.

LM Funding America to Present at the H.C. Wainwright 25th Annual Global Investment Conference

LM Funding America, Inc. (NASDAQ:LMFA ) Q2 2023 Earnings Conference Call August 14, 2023 11:00 AM ET Company Participants Ted Ayvas - Crescendo Communications, LLC, IR Bruce Rodgers - Chief Executive Officer Richard Russell - Chief Financial Officer Conference Call Participants Matthew Galinko - Maxim Group Jack Richardson - Expressway Center Operator Greetings. Welcome to the LM Funding America, Inc. Second Quarter 2023 Business Update Conference Call.

LM Funding America, Inc. (LMFA) Q2 2023 Earnings Call Transcript

Mined 106.6 Bitcoins in the Second Quarter of 2023 at an Average Market Revenue Value of Approximately $27,900 per Bitcoin

LM Funding America, Inc. Achieves Over 1,260% Year-Over-Year Revenue Growth to $3.2 Million and Generates Positive Core EBITDA for the Second Quarter of 2023

TAMPA, FL, Aug. 09, 2023 (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 Monday, August 14, 2023, at 11:00 a.m. Eastern Time to discuss financial results for the quarter ended June 30, 2023, and provide a business update.

LM Funding America, Inc. Schedules Second Quarter 2023 Financial Results and Business Update Conference Call

TAMPA, FL, July 12, 2023 (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 mined approximately 106.35 Bitcoin (“BTC”) for the three months ended June 30, 2023, bringing the Company's Bitcoin holdings to approximately 79.1 BTC as of June 30, 2023.

LM Funding America, Inc. Provides Quarterly Bitcoin Mining Update for Three Months Ended June 30, 2023

TAMPA, June 06, 2023 (GLOBE NEWSWIRE) -- LM Funding America, Inc.  (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin mining and technology-based specialty finance company, today announced that its $2.6 million “stalking horse” bid to purchase the assets of Symbiont.io, Inc. (“Symbiont”), which is currently in Chapter 11 bankruptcy proceedings, was approved by the bankruptcy court on June 2, 2023.  LM Funding was the sole secured creditor for Symbiont as a result of a $2 million secured loan it made to Symbiont in December 2021, and has now acquired Symbiont's assets with a credit bid.

LM Funding America, Inc. Acquires Assets of Symbiont.io, Inc. from Chapter 11 Bankruptcy

Tampa, Florida--(Newsfile Corp. - June 5, 2023) - LM Funding America, Inc. (NASDAQ: LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today announced that LM Funding has been invited to present at the 13th Annual LD Micro Invitational, which will be held at the Luxe Sunset Boulevard Hotel, California June 6th-8th, 2023. The event is expected to feature 150+ companies, presenting in half-hour increments, as well as private 1:1 meetings.

LM Funding America, Inc. to Present at LD Micro Invitational XIII on Wednesday, June 7, at 1:00 PM PT (4:00 PM ET)

TAMPA, Fla. , June 1, 2023 /PRNewswire/ -- LM Funding America, Inc. (NASDAQ: LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, announces that the Company's Chairman and CEO, Bruce Rodgers, will appear on CNBC's national streaming show, Crypto World, today, June 1, at approximately 3:00 PM Eastern Time.

LM Funding America, Inc. Chairman and CEO to Appear on CNBC's Crypto World at 3 PM ET Today

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Secured Lender Position Creates Opportunity to Potentially Acquire Financial Services Enterprise Blockchain Platform TAMPA, Fla. , May 23, 2023 /PRNewswire/ -- LM Funding America, Inc. (NASDAQ: LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today announced that its $2.6 million "stalking horse" bid to purchase the assets of Symbiont.io, Inc. ("Symbiont"), which is currently in Chapter 11 bankruptcy proceedings, is unopposed and expected to be approved by the bankruptcy court, and an auction that could include other bids is anticipated to take place on May 26, 2023.

LM Funding America, Inc. Announces Stalking Horse Bid to Purchase the Assets of Symbiont.io, Inc. Out of Chapter 11 Bankruptcy

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LM Funding America, Inc. (NASDAQ:LMFA ) Q1 2023 Earnings Conference Call May 15, 2023 11:00 AM ET Company Participants David Waldman - IR Bruce Rodgers - CEO Richard Russell - CFO Conference Call Participants Operator Greetings, and welcome to the LM Funding America, Incorporated. First Quarter 2023 Business Update Conference Call.

News for LM Funding America Stock (LMFA)