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GlobeNewswire·

LM Funding America, Inc. Reports Third Quarter 2025 Financial Results

  • Acquired an 11 MW Bitcoin mining site in Mississippi with 7.5 MW operational capacity in September, bringing total power capacity to 26 MW
  • Raised net $21.3 million in August 2025 to fund the Bitcoin treasury & acquire 164 Bitcoin
  • Reported Q3 2025 total revenue of $2.2 million, a 13% sequential increase & 73.5% year-over-year rise
  • Mined 17.6 Bitcoin in Q3 2025 at an average price of $114,000, down from 18.4 Bitcoin in Q2 due to higher curtailment & difficulty rates
  • Improved mining margin to 49.0% in Q3 2025 from 41.0% in Q2, driven by eliminating hosting costs & energy sales offsetting mining expenses
  • Recorded a net loss of $3.7 million for the quarter, with Core EBITDA loss narrowing to $1.4 million from $1.9 million the prior year
  • Held 304.5 Bitcoin valued at $34.7 million as of September 30, 2025, & 294.9 Bitcoin valued at $32.2 million as of October 31, 2025
  • Completed a private repurchase of ~3.3 million shares & 7.3 million warrants for ~$8.0 million in October, financed by an $11 million Galaxy Digital credit facility
  • Authorized a $1.5 million share buyback program following the private repurchase transaction
  • Advanced a 2 MW immersion expansion in Oklahoma using 320 Bitmain S21 units, with energization targeted for December 2025
  • Achieved a 27.8% increase in Bitcoin production in October 2025 compared to September following the Mississippi facility integration
  • Total operating expenses increased by $0.4 million in Q3 due to staff costs & bonuses, partially offset by a $1.0 million gain on fair value of Bitcoin