Business
LM Funding America Raises $23 Million Direct Investment to Accelerate Bitcoin Treasury Strategy
- Capital raise puts the Company closer to unlocking additional capital-raising flexibility with the balance of its $150 million shelf - Majority of net
About this update from Lm Funding America, Inc.
[{"type":"text","content":"- Capital raise puts the Company closer to unlocking additional capital-raising flexibility with the balance of its $150 million shelf - Majority of net proceeds will be used to fortify LM Funding’s existing Bitcoin Treasury TAMPA, Fla., Aug. 19, 2025 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin treasury and mining company, today announced the pricing of a $12.6 million registered direct offering and the closing of a $10.4 million private placement for combined gross proceeds of approximately $23.0 million. The net proceeds from the offerings will be used primarily to purchase additional Bitcoin for the Company’s treasury. LM Funding launched its Bitcoin treasury strategy in 2021 and added Bitcoin mining operations in 2022. Since then, the Company has accumulated 150 Bitcoin and a path to 26 megawatts of owned mining capacity. The Company’s mining operations segment is currently profitable on an operating income basis and helps offset public company overhead while contributing incremental Bitcoin to the treasury, creating an efficient structure for long-term Bitcoin accumulation. The Company also recently announced the planned acquisition of an 11 MW mining site in Columbus, Mississippi from Greenidge Generation. This purchase, funded directly from the Company’s balance sheet, is expected to further expand the Company’s low-cost mining capacity and enhance its vertically integrated approach. Bruce Rodgers, Chairman and CEO of LM Funding, said, “Our model combines Bitcoin mining with direct purchases to build treasury holdings in a disciplined way. These offerings strengthen our balance sheet, facilitate future capital raising, and position us to create long-term shareholder value.” Maxim Group LLC acted as the placement agent in connection with the private placement and registered direct offerings. Ellenoff Grossman & Schole LLP acted as counsel to the Placement Agent. Foley & Lardner LLP acted as counsel to LM Funding America The registered direct offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-281528) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC”) on November 21, 2024. The registered direct offering is being made only by means of a prospectus suppleme...