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LM Funding America, Inc. - $LMFA STOCK NEWS

Welcome to our dedicated page for LM Funding America news (Ticker: $LMFA), a resource for investors and traders seeking the latest updates and insights on LM Funding America stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect LM Funding America's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of LM Funding America's position in the market.

News
LM Funding America, Inc. Announces the Appointment of Marty Traber to its Board of Directors
Rhea-AI Summary

LM Funding America, Inc. announced the appointment of Marty Traber to its Board of Directors, replacing Todd Zhang. Traber brings over 40 years of experience in securities law and corporate finance. He has a strong background in the technology industry and has served on various boards of directors, including a New York Stock Exchange-listed company. The CEO expressed appreciation for Zhang's contributions to the Bitcoin mining operations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.48%
Tags
management
-
News
LM Funding America, Inc. Provides Monthly Operational and Bitcoin Mining Update for Month Ended March 31, 2024
Rhea-AI Summary
LM Funding America, Inc. (NASDAQ: LMFA) reported an increase in their total Bitcoin holdings to approximately 163.4 BTC worth $11.7 million as of March 31, 2024. The company provided a Bitcoin mining update for March 2024, showing a positive trend in mining operations and financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
none
-
News
LM Funding America Achieves Over 648% Revenue Growth to $13.0 Million for 2023
Rhea-AI Summary
LM Funding America, Inc. (LMFA) reported mining 423.4 Bitcoins in 2023, valued at $12.3 million. The company held 153.6 Bitcoins at $10.8 million by February 2024, with revenue increasing by 262% and 648% for the three and twelve months ended December 31, 2023, respectively. Despite a net loss of $1.6 million in Q4 2023, LMFA achieved positive Core EBITDA of $345 thousand, a significant improvement over the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.28%
Tags
none
News
LM Funding Regains Compliance with Nasdaq Continued Listing Requirements
Rhea-AI Summary
LM Funding America, Inc. (LMFA) announced that it has regained compliance with Nasdaq's minimum bid price requirement. The Chairman and CEO expressed satisfaction with the preservation of the Nasdaq listing, emphasizing its importance for enhancing shareholder value and aligning the company for success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.11%
Tags
none
-
News
LM Funding America, Inc. Schedules Fourth Quarter 2023 Financial Results and Business Update Conference Call
Rhea-AI Summary
LM Funding America, Inc. (LMFA) will host a conference call on April 1, 2024, to discuss financial results for the quarter ended December 31, 2023, and provide a business update. The call will be available via phone and webcast, with replays accessible for a time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.48%
Tags
earnings
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News
LM Funding to Take Early Delivery of 300 S21 Bitmain Mining Machines in Advance of 2024 Bitcoin Halving Event
Rhea-AI Summary
LM Funding America, Inc. (LMFA) announced the early delivery of 300 Bitmain S21 Antminer machines, increasing mining capacity to 673 PH by early April. The S21s offer high efficiency and hash rate, generating 200 TH/s with a power consumption of 3,500 W. Chairman and CEO, Bruce M. Rodgers, anticipates revenue growth from the upcoming halving events in the cryptocurrency mining sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.26%
Tags
none
News
LM Funding America, Inc. Provides Monthly Operational and Bitcoin Mining Update for Month Ended February 29, 2024
Rhea-AI Summary
LM Funding America, Inc. (NASDAQ: LMFA) reported an increase in their total Bitcoin holdings to approximately 153.6 BTC as of February 29, 2024, valued at around $10.4 million based on an estimated BTC price of $68,000 on March 8, 2024. The company mined 26.8 Bitcoin in February, with a total of 150 Bitcoins by the end of the month. LM Funding has not sold any Bitcoin to fund operations due to a strong balance sheet and plans to continue deploying more mining machines to increase value for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
30.27%
Tags
none
-
News
LM Funding Announces 1-for-6 Reverse Stock Split to Ensure Compliance with Nasdaq Continued Listing Requirements and to Attract a Broader Audience of Investors
Rhea-AI Summary
LM Funding America, Inc. announces a 1-for-6 reverse stock split to comply with Nasdaq listing requirements. The company reports strong business fundamentals with 1700% year-over-year revenue growth in Q3 2023. Shareholders' equity was $35.9 million as of September 30, 2023. The reverse split aims to attract more investors and tighten the public float.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.37%
Tags
stock split
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News
LM Funding America, Inc. Provides Monthly Operational and Bitcoin Mining Update for Month Ended January 31, 2024
Rhea-AI Summary
LM Funding America, Inc. (NASDAQ: LMFA) reports an increase in Bitcoin holdings to approximately 126.8 BTC, valued at around $5.4 million as of January 31, 2024. The company mined 31.7 Bitcoin in January, choosing to hold them for future appreciation. With a focus on acquiring assets linked to Bitcoin's price, LM Funding invested in advanced mining equipment to capitalize on potential price increases post-halving events.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.9%
Tags
none
News
LM Funding to Present at the Microcap Conference in Atlantic City
Rhea-AI Summary
LM Funding America, Inc. (NASDAQ: LMFA) announced their participation at The Microcap Conference from January 30 to February 1, 2024. Bruce M. Rodgers, Chairman and CEO, will present on January 31st and February 1st. The company will also engage in one-on-one meetings with investors. To register, visit the provided link.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.4%
Tags
conferences
Stock LMFA logo
LM Funding America, Inc.

Nasdaq:LMFA

LMFA Rankings

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LMFA Stock Data

6.11M
1.99M
15%
8.81%
7.78%
International Trade Financing
Finance and Insurance
Link
United States of America
TAMPA

About LMFA

formed in january 2008, lm funding is a financial services company that provides principal secured funding to condominium associations facing the ramifications of delinquent association dues. we are real estate and legal professionals with over 50 years and more than $1 billion of investment and transactional experience. we believe that condo associations and their owners shouldn’t have to take on the financial responsibility of delinquency and the hassle of collection. that’s why we “buy problems.” before lm funding, condo association owners would have to hire attorneys to collect bad debt. we’re changing that, with a unique business idea that turns debt into instant cash—freeing condo associations from the burden of collection and allowing them to continue to maintain their operations. lm funding’s accumulated delinquent assessment balance is now in excess of $90 million. that is a lot of problems that we’ve bought, and we want more!