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Sep 30
LMFA Q3 2025 Earnings Report
LM Funding America, Inc. reported its financial results for the third quarter of 2025, highlighting increased revenue, improved mining margin, and strategic acquisitions.
Key Takeaways
LM Funding America, Inc. experienced a significant increase in total revenue, up 73.5% year-over-year, reaching $2.2 million. The company improved its digital mining margin to 49.0% and strategically acquired an 11 MW mining facility in Mississippi, while also raising $21.3 million to bolster its Bitcoin treasury. Despite these operational successes, the company reported a net loss of $3.7 million for the quarter.
Total revenue for Q3 2025 was $2.2 million, marking a 73.5% increase year-over-year, driven by higher Bitcoin prices and contributions from the new Mississippi facility.
Digital mining margin improved to 49.0% in Q3 2025, up from 41.0% in Q2 2025, attributed to the elimination of hosting costs, curtailment and energy sales, and enhanced fleet efficiency.
The company mined 17.6 Bitcoins during the quarter and held 304.5 Bitcoins valued at $34.7 million as of September 30, 2025.
LM Funding successfully raised $21.3 million to strengthen its Bitcoin treasury and acquired an 11 MW Bitcoin mining facility in Mississippi, expanding its owned infrastructure to 26 megawatts.
LMFA
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LMFA Revenue by Segment
Revenue by Segment
Digital Mining Revenues Revenue
CapyFin.comSpecialty Finance Revenue
CapyFin.comRental Revenue
CapyFin.com Forward Guidance
LM Funding America, Inc. is focused on expanding its mining capacity, improving operational efficiency, and enhancing shareholder value through strategic investments and capital structure optimization. The company anticipates increased Bitcoin production from its expanded facilities and continued growth in its Bitcoin treasury.
Positive Outlook
- Anticipated energization of 2 MW immersion expansion in Oklahoma by December 2025, expected to improve thermal performance and efficiency.
- Focus on improving production, efficiency, and Bitcoin per share through owned power and efficient machines.
- Commitment to increasing Bitcoin per share and mNAV for shareholders through share repurchases and a balance sheet anchored by Bitcoin.
- Strategic deployment of proceeds from financings to acquire additional Bitcoin, strengthening the company's balance sheet.
- Continued vertical integration strategy with the acquisition of the Mississippi facility and redeployment of efficient miners.
Challenges Ahead
- Risks associated with operating in the cryptocurrency mining business, including market volatility.
- Limited operating history in the cryptocurrency mining business and challenges in growing that business.
- Uncertainty regarding the capacity of Bitcoin mining machines and the ability to purchase power at reasonable prices.
- Potential difficulties in identifying and acquiring additional mining sites and financing operations.
- Changes in governmental regulations that could affect the company's operations and financial performance.