newsfilter
← Latest News
GlobeNewswire·

LM Funding America, Inc. Reports First Quarter 2026 Financial Results

  • LM Funding America reported Q1 2026 results with total revenue of $2.1 million, a 10.9% sequential decrease & 11.1% year-over-year decrease driven by lower average Bitcoin prices.
  • The Company mined 26.1 Bitcoin in Q1 2026 at an average price of $75,700, up from 22.0 Bitcoin in Q4 2025 & 24.3 Bitcoin in Q1 2025.
  • Record energized hashrate of approximately 790 PH/s was reached in March 2026, the highest in Company history, driven by the deployment of 300 Bitmain S19 XP miners & energization of a second BC40 Elite unit.
  • Highest monthly Bitcoin production of 9.6 BTC occurred in March 2026 as a result of increased operational capacity.
  • Mining margin for Q1 2026 was 24.1%, down from 38.5% in Q1 2025, supported by $368,000 in curtailment & energy sales revenue.
  • Net loss for Q1 2026 was approximately $10.1 million, including a $3.8 million negative fair market value adjustment on mined assets & a $3.2 million adjustment on Bitcoin collateral receivable.
  • Core EBITDA loss for the quarter was approximately $8.4 million, primarily driven by non-cash Bitcoin fair value adjustments & ongoing operating costs.
  • As of March 31, 2026, the Company held 338.2 Bitcoin valued at approximately $23.1 million, with $0.8 million in cash & $22.7 million in total liabilities.
  • As of April 30, 2026, Bitcoin holdings were valued at approximately $25.3 million based on a price of $75,800, equating to $1.18 Bitcoin per share.
  • The Company extended the Galaxy Digital facility maturity to June 26, 2026, & reported total assets of $41.8 million.
  • The balance sheet includes 174 Bitcoin held by Galaxy Digital in a Digital assets receivable account as of March 31, 2026.