LM Funding America, Inc., through its subsidiary, LM Funding, LLC, operates as a specialty finance company. It provides funding to nonprofit community associations (Associations) primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois. The company offers funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments. It is also involved in the business of purchasing delinquent accounts on various terms tailored to suit each Association's financial needs, including under its New Neighbor Guaranty program. In addition, the company provides medical insurance products for international travelers. LM Funding America, Inc. was founded in 2008 and is based in Tampa, Florida.
IPO Year: 2015
Exchange: NASDAQ
Website: lmfunding.com
TAMPA, Fla., April 09, 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 March 31, 2025. MetricJan 2025Feb 2025Mar 2025 – Bitcoin² – Mined, net8.08.18.7 – Sold--(14.2) – Purchased--- – Service Fee-(0.5)(0.1) – Bitcoin HODL158.2165.8160.2 – Machines² – Operational5,1215,1215,121 – Storage719719719 – Total Machines5,8405,8405,840 – Hashrate (EH/s²) – Oklahoma0.430.430.43 – Hosted0.130.130.13 – Energized0.560.560.56 – Storage0.070.070.07 – Total0.630.630.63
- Fourth quarter and full-year 2024 total revenue of $2.0 million and $11.0 million, respectively.- Fourth quarter and full-year 2024 CORE EBITDA of $3.3 million and $3.9 million, respectively.- Held 165.8 Bitcoin on February 28, 2025 valued at approximately $14.4 million, as of March 26, 2025 TAMPA, Fla., March 31, 2025 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a Bitcoin mining and technology-based specialty finance company, today reported financial results for the three months and full year ended December 31, 2024. Q4'24 Financial HighlightsAll variances are compared with prior year unless stated otherwise: Mined 21.7 Bitcoin at an ave
TAMPA, Fla., March 25, 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 that it has scheduled its fourth quarter and full year 2024 earnings conference call and webcast for Monday, March 31, 2025 at 8:00 AM EST. LM Funding will publish its fourth quarter and full year 2024 results as well as an accompanying investor presentation the morning of March 31, 2025 before the call. A copy of the earnings release and investor presentation will be available on the Company's Investor Relations website at https://www.lmfunding.com/investors. Conference Call Details: Date
- LuxOS firmware upgrade completed, improving fleet efficiency - Bitcoin HODL 165.8 BTC as of February 28, 2025 valued at $14.6 million or $2.85 per share1 TAMPA, Fla., March 06, 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 February 28, 2025. MetricDec 2024Jan 2025Feb 2025- Bitcoin2 - Mined, net7.08.08.1- Sold(4.0)--- Purchased5.0--- Service Fee--(0.5)- Bitcoin HODL150.2158.2165.8- Machines2 - Operational3,6815,1215,121- Storage2,159719719- Total Machines5,8405,8405,84
TAMPA, Fla., Feb. 19, 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 a strategic partnership between its US Digital Mining and Hosting Co subsidiary ("USDM") and Luxor Technology Corporation ("Luxor"), a leader in Bitcoin mining software services, for the deployment of LuxOS firmware on the Company's Bitcoin mining fleet. The LuxOS firmware upgrade was completed in early February 2025 and is expected to optimize the Company's machines, increase efficiency and hashrate, and improve overall system reliability across various operational conditions. LM Funding exp
- 15 MW Oklahoma Mining Site Fully Operational - Bitcoin HODL valued at $16.1 million as of January 31, 2025 TAMPA, Fla., Feb. 11, 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 January 31, 2025. MetricDec 2024Jan 2025 - Bitcoin1 - Mined, net7.0 8.0- Sold(4.0) -- Purchased5.0 -- Service Fee- -- Bitcoin HODL150.2 158.2 - Machines1 - Operational3,681 5,121- Storage2,159 719- Total Machines5,840 5,840- Hashrate (EH/s1) - Oklahoma0.29 0.43- Hosted0.13 0.13- Energized 0
TAMPA, Fla., Feb. 10, 2025 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today announced that Bruce M. Rodgers, Chairman and CEO, has been invited to present at the "Digital Assets 2025: To Bitcoin and Beyond," virtual conference hosted by Maxim Group LLC ("Maxim") on Wednesday, February 12th 2025 at 8:30 AM EST. Matthew Galinko, Research Analyst at Maxim, will sit down with companies in the digital asset ecosystem, including, Bitcoin miners, equipment providers, and corporate adopters of crypto as a treasury strategy, to discuss the evolution of the industry and its prosp
Tampa, FL, Jan. 27, 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 the successful deployment of approximately 432 petahash per second ("PH/s") of miners at its 15 MW mining site in Oklahoma. This expansion increases the Company's total fleet to 5,121 active miners for an energized hashrate of approximately 560 PH/s across multiple sites, of which 432 PH/s can be overclocked at the Oklahoma mining site. Bruce M. Rodgers, Chairman and CEO of LM Funding America stated, "We are pleased to announce that with the deployment of additional miners at our 15 MW Oklahoma
TAMPA, FL, Jan. 16, 2025 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today provided a preliminary, unaudited Bitcoin mining and operational update for the month ended December 31, 2024. Metrics * One Month December 31, 2023 One Month October 31, 2024 One Month November 30, 2024 One Month December 31, 2024 Bitcoin Mined, net 37.3 7.37.47.0Bitcoin Sold (18.0) (9.0)(5.7)(4.0)Bitcoin Purchased - --5.0Service Fee (rounding) - ---Bitcoin Holdings at Month End 95.2 140.5142.2150.2 Approximate Miners Deployed at Month End 5,950 3,7003,7003,700Approximate M
Tampa, FL, Dec. 27, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today announced a new order with Bitmain for 270 Bitmain S21+ mining machines. Bruce M. Rodgers, Chairman and CEO of LM Funding commented, "These new miners will be received in March 2025 and will be placed at our new 15MW Oklahoma Mining site. We anticipate that this will increase our total mining capacity by approximately 58 petahash. After we move our existing machines from storage into open slots at the Oklahoma mining site, we expect that our total active hashrate in January 2025 will increase to
- Fourth quarter and full-year 2024 total revenue of $2.0 million and $11.0 million, respectively.- Fourth quarter and full-year 2024 CORE EBITDA of $3.3 million and $3.9 million, respectively.- Held 165.8 Bitcoin on February 28, 2025 valued at approximately $14.4 million, as of March 26, 2025 TAMPA, Fla., March 31, 2025 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a Bitcoin mining and technology-based specialty finance company, today reported financial results for the three months and full year ended December 31, 2024. Q4'24 Financial HighlightsAll variances are compared with prior year unless stated otherwise: Mined 21.7 Bitcoin at an ave
TAMPA, Fla., March 25, 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 that it has scheduled its fourth quarter and full year 2024 earnings conference call and webcast for Monday, March 31, 2025 at 8:00 AM EST. LM Funding will publish its fourth quarter and full year 2024 results as well as an accompanying investor presentation the morning of March 31, 2025 before the call. A copy of the earnings release and investor presentation will be available on the Company's Investor Relations website at https://www.lmfunding.com/investors. Conference Call Details: Date
TAMPA, Fla., Dec. 09, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today announced the acquisition of the business assets of a 15 MW mining site in Oklahoma from Tech Infrastructure JV I LLC ("JV"), a joint venture majority-owned by Arthur Inc., for $7.3 million. "We are thrilled to have acquired this site with 60MW of mining potential through a series of financings to the JV," said Bruce M. Rodgers, Chairman and CEO of LM Funding. "The financing terms allowed us to operate approximately 2,880 S19J Pros using $0.04/kwh power at the site since June 2024. This tran
TAMPA, Fla., Nov. 13, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by LM Funding America, Inc. (NASDAQ:LMFA), please note that the Balance Sheet table has been updated. The corrected release is as follows: LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today provided a business update and reported financial results for the three and nine months ended September 30, 2024. Financial highlights Held 142.3 Bitcoin on September 30, 2024, Valued at Approximately $12.4 Million Based on Recent Bitcoin Price of $87,000Digital mining cost of revenues (exclusive of
TAMPA, Fla., Nov. 13, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today provided a business update and reported financial results for the three and nine months ended September 30, 2024. Financial highlights Held 142.3 Bitcoin on September 30, 2024, Valued at Approximately $12.4 Million Based on Recent Bitcoin Price of $87,000Digital mining cost of revenues (exclusive of depreciation and amortization) as a percentage of digital mining revenues showed substantial improvement versus the prior year quarter. CEO commentary Bruce Rodgers, Chairman and CEO of LM Funding
Tampa, FL, Nov. 08, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today announced that it will host a conference call on Wednesday, November 13, 2024, at 11:00 a.m. Eastern Time to discuss financial results for the quarter ended September 30, 2024, and provide a business update. The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 424451. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2917/51557 or on the inve
Mined 44.1 Bitcoins in Q2 2024 Valued at Approximately $2.9 Million at an Average Market Revenue Value of Approximately $66,000 per Bitcoin Held 160.4 Bitcoin at June 30, 2024, Valued at Approximately $10.0 Million Based on Bitcoin Price of $62,500 Reports Working Capital of Approximately $8.4 Million as of June 30, 2024 Conference Call to Be Held Today at 11:00 am ET TAMPA, Fla., Aug. 14, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today provided a business update and reported financial results for the three and six months ended June 30, 2024. Operational Highl
TAMPA, FL, Aug. 12, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today announced that it will host a conference call on Wednesday, August 14, 2024, at 11:00 a.m. Eastern Time to discuss financial results for the quarter ended June 30, 2024, and provide a business update. The conference call will be available via telephone by dialing toll-free +1 877-545-0523 for U.S. callers or +1 973-528-0016 for international callers and entering access code 747242. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2917/51031 or on the investor re
Mined 86.4 Bitcoins in Q1 2024 Valued at Approximately $4.6 Million at an Average Market Revenue Value of Approximately $53,000 per Bitcoin Held 163.4 Bitcoin at March 31, 2024, Valued at Approximately $11.7 Million Based on Bitcoin Price of $71,300 Reports Working Capital of Approximately $12.7 Million and LM Funding Stockholders' Equity of $38.5 Million ($15.43 per share) as of March 31, 2024 Conference Call to Be Held Today at 11:00 am ET TAMPA, Fla., May 16, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today provided a b
TAMPA, FL, May 13, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today announced that it will host a conference call on Thursday, May 16, 2024, at 11:00 a.m. Eastern Time to discuss financial results for the quarter ended March 31, 2024, and provide a business update. The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 696741. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2917/50584 or on the investor relati
TAMPA, FL, April 30, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today announced the appointment of Marty Traber to the Company's Board of Directors. Mr. Traber, who previously served as a director for the Company from 2015-2021, replaces Todd Zhang, who is retiring from the board. Mr. Traber is currently the Chairman of the Skyway Capital Markets Group, where he oversees the organization's strategic planning and growth, building on more than 40 years of experience in securities law and corporate finance. He is also a former partner of the international law
TAMPA, FL, Nov. 21, 2022 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today announced the appointment of Todd Zhang to the Company's Board of Directors. Mr. Zhang replaces Joel Rodgers, who is retiring from service as a director at age 85. Mr. Zhang has served in a variety of corporate counsel roles where he has years of experience with matters involving securities, corporate governance, employee benefits, acquisitions, and compliance. On November 28, 2022, Mr. Zhang will assume the role of Vice President, Associate General Counsel for Intertape Polymer Group, Inc. P
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