Business
LM Funding America, Inc. Reports Third Quarter 2025 Financial Results
- Acquired 11 MW site in Mississippi with 7.5 MW mining in September and 26 MW total power capacity- Raised net $21.3 million in August to build Bitcoin
About this update from Lm Funding America, Inc.
[{"type":"text","content":"- Acquired 11 MW site in Mississippi with 7.5 MW mining in September and 26 MW total power capacity- Raised net $21.3 million in August to build Bitcoin Treasury- Mining margin improved to 49.0% from 41.0% in Q2 2025- Executed private repurchase in October and authorized share buyback- As of October 31, 2025 held 294.9 Bitcoin valued at approximately $32.2 million TAMPA, Fla., Nov. 14, 2025 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin treasury and mining company, today reported financial results for the three months ended September 30, 2025. Q3’25 Financial Highlights Total revenue for the quarter was $2.2 million dollars, up 13.0% sequentially from Q2 2025 and 73.5% year-over-year. The increase was driven by higher average Bitcoin prices and contributions from the Mississippi facility for the second half of September.The Company mined 17.6 Bitcoins during the quarter at an average price of approximately $114,000, compared to 18.4 Bitcoins in Q2 2025 at an average price of approximately $98,000. The sequential decline was due to higher curtailment and increased difficulty rate.Mining margin improved to 49.0%, compared with 41.0% in the second quarter 2025, driven by eliminating hosting costs, curtailment and energy sales offsetting mining costs, and higher fleet efficiency. The Company generated approximately $152,000 in curtailment and energy sales for the quarter. Mining margin is calculated as digital mining revenues minus digital mining cost of revenues net of curtailment and energy sales.Operating expenses increased $0.4 million driven by increase in staff costs related to the Mississippi site acquisition and performance compensation bonuses offset in part by gain on fair value of Bitcoin totaling $1.0 million.Net loss for the quarter was $3.7 million and Core EBITDA1 loss was $1.4 million as compared to the prior year quarter Net loss of $4.3 million and Core EBITDA loss of $1.9 million.Cash was approximately $0.3 million, and Bitcoin holdings totaled 304.5 Bitcoin, valued at $34.7 million based on Bitcoin price of approximately $114,000, as of September 30, 2025.Net book value of LM Funding stockholders’ equity was approximately $50.1 million, or $3.23 per share2, as of September 30, 2025.As of October 31, 2025 the Company held 294.9 Bitcoin, valued at approximatel...