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Jun 30, 2022
LMFA Q2 2022 Earnings Report
LM Funding reported financial results for the second quarter of 2022 and provided a business update.
Key Takeaways
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.
Revenues for the quarter were $235,000, compared to $328,000 for the comparable quarter in 2021.
Net income attributable to LMFA shareholders for the second quarter of 2022 was $2.8 million, compared to $11.1 million for the three months ended June 30, 2021.
The company recognized an unrealized gain on securities of $12.2 million for the three months ended June 30, 2022.
The company is on track for over 5,000 miners to be operational by Q4 2022, with total capacity of 504 petahash.