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Mar 31
LMFA Q1 2025 Earnings Report
Reported Financial Results for the Three Months Ended March 31, 2025
Key Takeaways
LM Funding America, Inc. reported total revenue of $2.4 million for Q1 2025, driven primarily by digital mining. The company experienced a net loss of $5.4 million and a Core EBITDA loss of $2.8 million, largely due to a non-cash Bitcoin write-down. Despite the loss, operational efficiency improved in digital mining, and the company generated revenue from curtailment and energy sales.
Total revenue was $2.4 million, a sequential increase of 19.4% but a year-over-year decrease of 48.9%.
Digital mining revenue accounted for $2.3 million, up 25.3% sequentially but down 50.1% year-over-year.
The net loss for the quarter was $5.4 million, significantly impacted by a $1.8 million non-cash Bitcoin write-down.
Core EBITDA loss was $2.8 million for the quarter.
LMFA
LMFA
LMFA Revenue by Segment
Revenue by Segment
Digital Mining Revenues Revenue
CapyFin.comSpecialty Finance Revenue
CapyFin.comRental Revenue
CapyFin.com Forward Guidance
LM Funding is focused on improving its Bitcoin mining operations through vertical integration, technology upgrades, and strategic site management. The company is expanding its Oklahoma facility and actively seeking new power sites while continuing to leverage power sales to the grid.
Positive Outlook
- Improved operational efficiency through vertical integration and LuxOS firmware upgrade.
- Successful generation of revenue from curtailment and energy sales.
- Expansion of Oklahoma facility with immersion cooling technology planned.
- Actively pursuing overlooked power sites for potential expansion.
- Exploring potential partnerships to expand Bitcoin holdings.
Challenges Ahead
- Year-over-year decline in revenue primarily due to the Bitcoin halving and lower hash rate/uptime.
- Significant net loss driven by non-cash Bitcoin write-down.
- Portion of machines nonoperational during the quarter impacting revenue.
- Relocation of machines from a third-party host is in process, potentially causing temporary disruption.
- Dependence on Bitcoin price volatility impacts financial results.