Bitcoin Mining Performance - The company mined 24.3 Bitcoin in the three months ended March 31, 2025, down from 86.4 Bitcoin in the same period of 2024[159]. - The average revenue per Bitcoin mined during the three months ended March 31, 2025, was $93,578, compared to $53,217 in the same period of 2024, representing an increase of 76%[159]. - The cost of mining one Bitcoin, including miner-related depreciation, was 149% of the average Bitcoin mining revenue for the three months ended March 31, 2025, compared to 101% in 2024[159]. - The company mined 24.3 Bitcoin at an average price of approximately $94 thousand during the three months ended March 31, 2025, compared to 86.4 Bitcoin at an average price of approximately $53 thousand in 2024[167]. - Bitcoin mining costs decreased by $1.3 million to $1.4 million for the three months ended March 31, 2025, from $2.7 million in 2024[169]. Financial Performance - Total revenue for the three months ended March 31, 2025, decreased by $2.3 million to $2.4 million from $4.7 million for the same period in 2024[166]. - The company’s digital mining revenues for the three months ended March 31, 2025, were $2,273,940, a decrease from $4,597,908 in the same period of 2024[159]. - The net loss for the three months ended March 31, 2025, was $5.4 million, compared to a net income of $1.9 million for the same period in 2024[176]. - For the three months ended March 31, 2025, the company reported a net loss of $5,406,999 compared to a net income of $2,353,838 in the same period of 2024[191]. - Core income before interest, taxes, and depreciation for Q1 2025 was a loss of $2,824,945, down from a profit of $4,427,960 in Q1 2024[191]. - Operating expenses increased by $3.8 million to $7.5 million for the three months ended March 31, 2025, up from $3.7 million in 2024[168]. - Cash and cash equivalents decreased to $1.03 million as of March 31, 2025, from $3.38 million at the end of 2024[181]. - The company had working capital of $8.3 million as of March 31, 2025, reflecting a decrease of $3.7 million since December 31, 2024[179]. Asset Valuation and Market Conditions - As of March 31, 2025, the company held approximately 160.2 Bitcoin with a carrying value of $14.5 million and a fair value of $13.2 million[155]. - The Bitcoin price range for the quarter ended March 31, 2025, was between $76,555 and $109,358, reflecting significant volatility in the market[153]. - The fair market adjustment on mined digital assets resulted in a loss of $1.8 million for the three months ended March 31, 2025, compared to a gain of $4.3 million in 2024[168]. - The company recognized an unrealized loss on securities of $26 thousand for the three months ended March 31, 2025, compared to an unrealized gain of $1.4 million in 2024[173]. - The company reported an unrealized loss on investment and equity securities of $25,984 in Q1 2025, contrasting with an unrealized gain of $1,350,979 in Q1 2024[191]. Operational Capacity and Management - The company has a total hashing capacity of approximately 0.612 EH/s with 5,600 mining machines as of March 31, 2025[156]. - The company has a 15 MW hosting site in Oklahoma with 4,320 installed S19 J Pro Antminer machines, increasing its total projected hashrate to 432 PH[157]. - The company’s management actively manages energy consumption to increase profitability, with curtailment decisions made in real-time based on power prices and Bitcoin value[162]. Future Outlook - The next Bitcoin halving event is anticipated to occur around April 2028, which may significantly impact Bitcoin prices and mining profitability[148]. Accounting and Reporting - There were no critical accounting estimates for the three months ended March 31, 2025, indicating stability in financial reporting practices[192]. - The company has not made any material changes to its critical accounting policies and estimates compared to the previous annual report[193]. - There are no off-balance sheet arrangements reported by the company, reflecting a straightforward financial structure[195]. - As a smaller reporting company, the company is not required to disclose quantitative and qualitative market risk information[196]. Interest and Depreciation - Interest expense increased to $220,906 in Q1 2025 from $70,826 in Q1 2024, indicating a significant rise in borrowing costs[191]. - Depreciation and amortization expenses rose to $2,037,578 in Q1 2025, compared to $1,976,196 in Q1 2024[191]. - The company incurred a $1.2 million impairment on mining equipment during the three months ended March 31, 2024, with no impairment loss reported for the same period in 2025[171].

分组1 - LM Funding America, Inc. reported a quarterly loss of $1.05 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.65, and compared to a loss of $0.84 per share a year ago, indicating a significant earnings surprise of -61.54% [1] - The company posted revenues of $2.37 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 15.32%, and down from $4.75 million in the same quarter last year [2] - The stock has underperformed the market, losing about 23.3% since the beginning of the year, while the S&P 500 has gained 0.2% [3] 分组2 - The current consensus EPS estimate for the coming quarter is -$0.45 on revenues of $2.5 million, and for the current fiscal year, it is -$2.56 on revenues of $9.8 million [7] - The Zacks Industry Rank for Financial - Miscellaneous Services is in the top 39% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]

Financial Data and Key Metrics Changes - In Q1 2025, the company mined 24.3 Bitcoins, a 12% increase sequentially, with Bitcoin mining revenue of approximately $2.3 million, reflecting a 25% sequential increase [10][12] - Year-over-year revenue declined by 50.5% primarily due to the impact of the April 2024 halving [10] - Mining margins improved from 31.2% in Q4 2024 to 38.5% in Q1 2025 [11] - The net loss for the quarter was $5.4 million, with a core EBITDA loss of $2.8 million, influenced by a non-cash write-down of $1.8 million for Bitcoin held [12] Business Line Data and Key Metrics Changes - The company has transitioned to a vertically integrated operator in Bitcoin mining, improving margins and reducing operational risks [4] - The operational efficiency was maximized, achieving 560 petahash at the end of March 2025 [6] - The company generated approximately $150,000 from power sales back to the grid, contributing to improved mining margins [11] Market Data and Key Metrics Changes - As of April 30, the company held 148.7 Bitcoins valued at approximately $15.5 million, equating to about $3.1 per share, while the stock traded at $1.87 [5][12] - The market price of Bitcoin recovered to approximately $104,000 as of May 13, 2025, reversing the earlier write-down [12] Company Strategy and Development Direction - The company is focusing on immersion mining technology, which is expected to enhance operational efficiency and open new mining site opportunities [14] - The strategy includes treating Bitcoin mining sites as power producers, allowing for energy sales back to the grid, thus providing a hedge against Bitcoin price volatility [15] - The company remains committed to a long-term Bitcoin accumulation strategy, indicating plans to potentially add Bitcoin to its balance sheet through debt or equity [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming immersion mining expansion in Oklahoma, anticipating immediate returns and unique site selection opportunities [14] - The company aims to build a sustainable business model that can thrive under various market conditions, emphasizing flexibility and lower costs in Bitcoin mining [15] - The management remains bullish on Bitcoin, reinforcing their commitment to long-term value creation for shareholders [17] Other Important Information - The company has begun relocating 800 machines to its wholly owned Oklahoma site to reduce power costs and enhance mining efficiency [9] - The transition to a leaner operational model has resulted in a 7.7% reduction in staff costs and other expenses year-over-year [11] Q&A Session Summary Question: Can you discuss the Oklahoma site build-out and current thoughts on Texas? - Management indicated that there are no immediate plans for Texas due to counterparty issues, while the Oklahoma site is operational and expanding as planned [19] Question: Does the recent sale of S21 machines address all inventory issues? - Management clarified that the sale of S21 machines was part of their strategy, and they are managing inventory effectively [22] Question: What geographies are being targeted for new sites? - Management mentioned that they are exploring opportunities in Oklahoma and Pennsylvania, with potential offerings in Texas as well [26][27]

Financial Performance - As of March 31, 2025, LM Funding holds 160.2 BTC valued at approximately $13.3 million, equating to $2.59 per share[1][3] - In March 2025, the company mined 8.7 BTC, with a total of 8.0 BTC mined in January and 8.1 BTC in February[2] - The company sold 14.2 BTC in March 2025, with no BTC sold in the previous months[2] - LM Funding generated approximately $130,000 in power sales during Q1 2025 by selling excess energy back to the grid[2] - The stock share price was $1.24 as of March 31, 2025, compared to a Bitcoin price of approximately $83,000[3] Operational Metrics - The total operational machines remained stable at 5,121 throughout the first quarter of 2025[2] - The company's total hashrate was consistent at 0.63 EH/s across January, February, and March 2025[2] Strategic Outlook - LM Funding's balance sheet strength is supported by diversified revenue streams from energy sales and Bitcoin mining[2] - LM Funding plans to continue its infrastructure expansion to enhance operational efficiency and revenue generation[2] Risk Factors - The company faces various risks including operating in the cryptocurrency mining business and changes in governmental regulations[5]

An emerging leader in Bitcoin mining Q1 2025 Supplemental Investor Presentation Nasdaq: LMFA Forward-Looking Statements This presentation may contain forward-looking statements the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," and "project" and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions bu ...

Core Insights - LM Funding America, Inc. reported a total revenue of $2.4 million for Q1 2025, reflecting a sequential increase of 19.4% but a year-over-year decline of 48.9% [4] - The company mined 24.3 Bitcoins during the quarter, achieving a mining revenue of approximately $2.3 million, which is a 25.3% increase sequentially but a 50.1% decrease year-over-year [4][5] - The company held 148.7 Bitcoins valued at approximately $15.5 million as of April 30, 2025, with a market price of around $104,000 as of May 13, 2025 [4] Financial Performance - Operating expenses, excluding direct mining costs and depreciation, decreased by 7.7% year-over-year to $2.0 million [4] - The net loss for the quarter was $5.4 million, with a Core EBITDA loss of $2.8 million, primarily due to a $1.8 million non-cash write-down of Bitcoin [4][12] - Cash reserves were approximately $1.0 million, and total Bitcoin holdings amounted to 160.2 Bitcoins valued at $13.2 million as of March 31, 2025 [4][10] Operational Highlights - The company implemented a power grid integration strategy, generating approximately $150,000 in curtailment and energy sales during the quarter, which contributed to improved mining margins [4][5] - A 2 MW expansion of the Oklahoma Bitcoin mining facility is underway, utilizing immersion cooling technology to enhance efficiency and reduce operational costs [4][5] - The company is relocating its 800 Bitcoin mining machines to its own facility for better operational control and cost management [4][5] Management Commentary - Management emphasized the importance of operational efficiency improvements driven by vertical integration and firmware upgrades, which have positively impacted the bottom line [4][5] - The company remains optimistic about its Bitcoin treasury strategy, which aims to maximize Bitcoin holdings and create long-term value [5]

Core Points - LM Funding America, Inc. has scheduled its first quarter 2025 earnings conference call and webcast for May 15, 2025, at 8:00 AM EST [1] - The company will publish its first quarter 2025 results along with an investor presentation on the morning of May 15, 2025, prior to the call [2] - LM Funding operates as a Bitcoin mining and specialty finance company, founded in 2008 and based in Tampa, Florida [3] Conference Call Details - The conference call will take place on May 15, 2025, at 8:00 AM EST [4] - Links for live webcast and participant call registration will be provided [4]

Core Viewpoint - LM Funding America, Inc. has provided a preliminary operational update for its Bitcoin mining activities, highlighting an increase in mined Bitcoin and a strategic focus on energy utilization to enhance operational efficiency [1][3]. Bitcoin Mining Metrics - In March 2025, the company mined a total of 8.7 Bitcoin, an increase from 8.1 Bitcoin in February 2025 and 8.0 Bitcoin in January 2025 [2]. - The company sold 14.2 Bitcoin in March 2025, with no purchases reported during this period [2]. - The Bitcoin holdings as of March 31, 2025, were valued at approximately $13.3 million, equating to $2.59 per share based on a Bitcoin price of approximately $83,000 [3]. Operational Efficiency - The company operates a total of 5,840 machines, with 5,121 machines operational and 719 in storage [2]. - The total hashrate remained consistent at 0.63 EH/s across the months reported [2]. - The company generated approximately $130,000 in power sales during the first quarter of 2025 by selling excess energy back to the grid, which supports its business model [3]. Company Overview - LM Funding America, Inc. is a Bitcoin mining and specialty finance company founded in 2008 and based in Tampa, Florida [4].

Core Viewpoint - LM Funding America, Inc. (LMFA) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on an upward trend in earnings estimates [1][4]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for LM Funding America indicates expected earnings of -$2.56 per share for the fiscal year ending December 2025, reflecting a year-over-year change of 60% [9]. - Over the past three months, the Zacks Consensus Estimate for LM Funding America has increased by 48.5%, showing a significant upward revision trend [9]. Zacks Rating System - The Zacks rating system is based solely on a company's changing earnings picture, making it a reliable tool for investors [2][3]. - The system classifies stocks into five groups, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [8]. - The upgrade of LM Funding America to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [11]. Market Impact - Changes in earnings estimates are strongly correlated with stock price movements, influenced by institutional investors who adjust their valuations based on these estimates [5][6]. - The rising earnings estimates and subsequent rating upgrade for LM Funding America imply an improvement in the company's underlying business, which could lead to higher stock prices as investors respond positively [6].

Revenue Performance - Total revenues for the year ended December 31, 2024, decreased by approximately $2.0 million to approximately $11.0 million from approximately $13.0 million in 2023[264]. - Bitcoin mining revenues decreased to approximately $10.4 million for the year ended December 31, 2024, down from $12.3 million in 2023[264]. - Specialty finance revenues for the year ended December 31, 2024, were approximately $444,000, representing a decrease of 19.4% compared to approximately $550,000 in 2023[266]. Bitcoin Mining Operations - The company mined 170.6 Bitcoin in 2024 with an average Bitcoin price of approximately $61,000, compared to 423.4 Bitcoin at an average price of approximately $29,000 in 2023[265]. - Bitcoin mining costs of revenues for 2024 were approximately $7.0 million, or 67% of digital mining revenues, compared to approximately $9.4 million, or 77%, in 2023[268]. - The company generated $10.4 million from Bitcoin mining operations in 2024, down from $12.3 million in 2023, with cash used in operations increasing to approximately $11.9 million in 2024 from $3.4 million in 2023[300]. Financial Position - The company held approximately 150 Bitcoin as of December 31, 2024, with a carrying value of approximately $14.0 million, compared to 95 Bitcoin valued at approximately $3.4 million in 2023[252]. - The company had cash and cash equivalents of $3.4 million and digital assets valued at $14.0 million as of December 31, 2024, an increase from $2.4 million and $3.4 million, respectively, as of December 31, 2023[294]. - The company's total outstanding debt as of December 31, 2024, is $6,751,657, an increase from $567,586 in 2023[303]. Loss and Impairment - The company recorded a net loss attributable to common shareholders of approximately $14.1 million for the year ended December 31, 2024, compared to a net loss of approximately $15.9 million in 2023[263]. - The company incurred a $1.4 million impairment loss on mining equipment for the year ended December 31, 2024, compared to nil for the year ended December 31, 2023[277]. - The company incurred $1,379,375 in impairment loss on mining equipment during 2024[306]. Financing and Interest - The company raised $6.9 million in net proceeds from equity financing transactions during the year ended December 31, 2024, compared to nil in 2023[298]. - The company reported an annualized interest expense of $443,700 for the year ended December 31, 2024[306]. - Annualized interest rates on various financing agreements range from 9.35% to 12%[303]. Other Financial Metrics - Core income before interest, taxes, and depreciation for 2024 was $3,940,771, a significant improvement from a loss of $235,800 in 2023[306]. - The company recognized a gain on the fair value of Bitcoin of $7.4 million for the year ended December 31, 2024, compared to nil for the year ended December 31, 2023[274]. - The company recognized an unrealized loss on investment and equity securities of approximately $1.1 million for the year ended December 31, 2024, compared to an unrealized loss of approximately $9.8 million for the year ended December 31, 2023[282]. Debt Obligations - Minimum required principal payments on the company's debt for 2025 are $386,312 and for 2026 are $6,500,000, totaling $6,886,312[303]. - The company paid $709,000 in principal and financing repayments during the year ended December 31, 2024, compared to $624,000 in 2023[303]. Miscellaneous - The company has no off-balance sheet arrangements[308]. - There are no critical accounting estimates for the year ended December 31, 2024[307].