LMFA Earnings Reports

LM Funding achieved net income of $2.0 million in Q4 2024, a strong turnaround from a $1.6 million loss in Q4 2023. The company generated $2.0 million in revenue mainly from Bitcoin mining and improved operational efficiency, resulting in Core EBITDA of $3.3 million.

LM Funding America, Inc. reported a decrease in revenue to $1.3 million for Q3 2024, primarily due to the Bitcoin halving event and the relocation of mining machines. The company experienced a net loss of $4.8 million. However, the company's vertical integration strategy led to improved gross mining margins.

LM Funding America, Inc. reported a decrease in revenue for Q2 2024 due to the Bitcoin halving event, but strategically expanded hosting facilities and secured funding for future growth. The company held 160.4 Bitcoins valued at approximately $10.0 million as of June 30, 2024.

LM Funding America, Inc. reported strong financial results for Q1 2024, with a 105% increase in revenue to $4.7 million and a net income of $1.9 million, driven by successful Bitcoin mining operations.

LM Funding America reported a significant increase in revenue for both the fourth quarter and the full year 2023, driven by its Bitcoin mining operations. The company achieved positive Core EBITDA for the quarter, a notable improvement compared to the previous year. They mined 423.4 Bitcoins in 2023. The company held 95.1 Bitcoin valued at approximately $3.4 million as of December 31, 2023.

LM Funding America, Inc. reported a significant increase in revenue, primarily driven by its Bitcoin mining operations. The company mined 117.1 Bitcoins in Q3 2023, leading to a substantial year-over-year revenue growth. However, the company experienced a net loss due to unrealized losses on investments and impairment charges.

LM Funding America, Inc. reported a significant increase in revenue, driven by its Bitcoin mining operations. The company achieved positive Core EBITDA for the second quarter of 2023 and completed the acquisition of Symbiont.io assets.

LM Funding America, Inc. reported a significant increase in revenue for the first quarter of 2023, primarily driven by its Bitcoin mining operations. The company mined 91.7 Bitcoins at an average market revenue value of $22,800 per Bitcoin. While revenue increased, the company experienced a net loss due to unrealized losses on investment and equity securities.

LM Funding America reported a 93% increase in full-year revenue and mined 51 Bitcoins in Q4 2022. By the end of the year, the company had approximately 2,800 mining machines fully operational, providing 280 PH/s of mining capacity. The company reported working capital of $8.3 million and stockholders’ equity of $49.2 million ($3.76 per share) as of December 31, 2022.

LM Funding America reported its Q3 2022 financial results, revealing revenues of $188,000 and a cash balance of $10.2 million as of September 30, 2022. The company is actively mining Bitcoin since September 2022 and plans to increase its mining capacity to approximately 2,700 miners by year-end.

LM Funding America reported revenues of $235,000 and a net income of $2.8 million for the second quarter of 2022. The company is on track to have over 5,000 miners operational by Q4 2022, with a total capacity of 504 petahash.

LM Funding America, Inc. reported revenues of $191,000 and a net loss of $5.7 million for the quarter ended March 31, 2022. The company's cash position was $24.5 million as of March 31, 2022, and it had $23.9 million in deposits on mining machines.

LM Funding America, Inc. reported a net income of $11.1 million, or $2.05 per basic common share, for the second quarter of 2021. The company's cash position increased to $22.2 million, and working capital stood at $29.7 million as of June 30, 2021.

LM Funding reported a net income of $4.4 million, or $0.87 per basic common share, for the first quarter of 2021. The company's cash position increased to $17.8 million. This growth was supported by a $5.7 million realized gain from a transaction with BORQS Technologies Inc. and a net unrealized gain on securities of $0.6 million from sponsor interest in LMF Acquisition Opportunities, Inc.