Business
LM Funding America Announces April 2025 Production and Operational Update
- Bitcoin HODL 148.7 BTC as of April 30, 2025 valued at $14.1 million or $2.75 per share1 TAMPA, Fla., May 12, 2025 (GLOBE NEWSWIRE) -- LM Funding America,
About this update from Lm Funding America, Inc.
[{"type":"text","content":"- Bitcoin HODL 148.7 BTC as of April 30, 2025 valued at $14.1 million or $2.75 per share1 TAMPA, Fla., May 12, 2025 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin mining and technology-based specialty finance company, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended April 30, 2025. MetricFeb 2025Mar 2025Apr 2025 - Bitcoin2 - Mined, net7.68.76.6- Sold-(14.2)(18.0)- Purchased---- Service Fee(0.0)(0.1)(0.1)- Bitcoin HODL165.8160.2148.7- Machines2 - Operational5,1215,1215,121- Storage719496496- Total Machines5,8405,6175,617- Hashrate (EH/s2) - Oklahoma0.430.430.43- Hosted0.130.130.13- Energized 0.560.560.56- Storage0.070.050.05- Total 0.630.610.61 ________________________1 Calculated using 5,133,412 shares outstanding as of 12/31/24 from SEC Form 10-K filed March 31, 20252 Unaudited \"Transitioning to a vertically integrated model has proved valuable to our bottom line,\" said Bruce Rodgers, Chairman and CEO of LM Funding. \"In April, we mined 6.6 Bitcoin due to curtailments and disruptions at our hosting site as we began relocating 800 machines to our wholly owned Oklahoma facility. Our Oklahoma site enabled us to generate approximately $120,000 in power sales during the month — an offset to our mining costs that improved our margins and overall efficiency. We also made several strategic decisions, including ordering two 1 MW immersion containers to start our 2 MW expansion at our Oklahoma site. After careful diligence, we believe immersion offers faster deployment timelines, better margins, and improved equipment longevity.\" Richard Russell, CFO of LM Funding added, \"In parallel with our Oklahoma expansion, we made the decision to sell our recently acquired S21+ miners from Bitmain. This transaction is expected to recover our investment and preserve capital for higher-return opportunities. Regarding our 2 MW expansion, we anticipate completing construction and energization by the end of the third quarter, subject to international shipping timelines. We believe these strategic moves will strengthen our operational foundation, protect capital, and position us for long-term success in an evolving market landscape.\" The Company estimates that the value of its 148.7 Bitcoin holdings on April 30, 2025, was approximately $14.1 m...