LM Funding America Adds 35 PH/s with Energization of First Oklahoma Immersion Unit

Rhea-AI Summary

LM Funding America (NASDAQ: LMFA) energized its first BC40 Elite immersion-cooled Foghashing unit in Oklahoma, powering 160 Bitmain S21 immersion miners and adding ~35 PH/s to energized hashrate.

The company plans a second BC40 Elite unit later this month, subject to installation targets, and expects to reach ~780 PH/s energized by year-end — an estimated ~75% increase vs. year-end 2024. LM Funding also estimated its 301.8 Bitcoin holdings were worth ~$27.5 million (≈$2.251/share) based on a Bitcoin price of ~$91,100 as of Nov 30, 2025.

Positive

• Added ~35 PH/s energized hashrate
• Company expects ~780 PH/s energized by year-end
• ~75% energized hashrate increase vs. year-end 2024
• 301.8 BTC holdings valued at ~$27.5M (Nov 30, 2025)

Negative

• Second BC40 Elite unit installation subject to installation targets
• Bitcoin valuation based on Nov 30, 2025 price (price volatility)

Key Figures

Current share price $0.7212 Pre‑news price vs 52‑week high of $5.14 and low of $0.7007

Oklahoma hashrate addition 35 PH/s First BC40 Elite immersion unit energized at Oklahoma site

New immersion miners 160 Bitmain S21 Powered by first BC40 Elite immersion cooled Foghashing unit

Planned additional miners 160 Bitmain S21 To be supported by second BC40 Elite unit, targeted later in December 2025

Target energized hashrate 780 PH/s Anticipated across facilities by year‑end 2025

Hashrate growth 75% increase Projected year‑end 2025 energized hashrate vs year‑end 2024

Bitcoin holdings 301.8 BTC Estimated value on November 30, 2025

BTC treasury value $27.5 million Estimated as of November 30, 2025, or $2.251 per share at ~$91,100/BTC

Market Reality Check

$0.4830 Last Close

Volume Volume 460,830 is about 1.3x the 20-day average of 354,176, signaling elevated interest pre‑announcement. normal

Technical Shares trade below the 200-day MA, with price at $0.7212 versus MA $1.55, and sit 85.97% under the 52-week high.

Peers on Argus

LMFA was down 0.26% pre‑news, while peers like DXF (-12.71%), PT (-3.25%), SNTG (-3.04%), FOA (-2.63%) and PMTS (-2.35%) also traded lower, but momentum scanners did not flag a coordinated sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 04	Operational update	Positive	-0.2%	November BTC production, hashrate status, and Oklahoma immersion expansion timing.
Nov 14	Earnings release	Neutral	-13.1%	Q3 2025 revenue growth, higher mining margin, but continued net loss.
Nov 06	Earnings call notice	Neutral	-5.4%	Scheduling of Q3 2025 earnings conference call and materials release.
Nov 05	Operational update	Positive	+18.3%	October BTC production growth, treasury update, buyback and Oklahoma expansion.
Nov 03	Buyback program	Positive	-6.5%	Announcement of up to <b>$1.5M</b> share repurchase authorization representing ~15% of shares.

Pattern Detected

Recent history shows frequent negative or muted price reactions to operational updates, earnings and even buyback announcements, with only one clear positive alignment on an operational expansion update.

Recent Company History

Over the last few months, LM Funding has focused on scaling Bitcoin mining and capital actions. Operational updates in October and November 2025 highlighted hashrate at 0.71 EH/s, treasury levels around 295–305 BTC, and Oklahoma immersion expansion plans. Q3 2025 results on November 14 reported revenue of $2.18M and a $3.7M net loss, alongside Mississippi site expansion. The company also executed an $8.0M private repurchase and a $1.5M buyback program. Today’s energization of the first Oklahoma immersion unit and targeted 780 PH/s by year‑end continues this scaling trajectory.

Regulatory & Risk Context

Active S-3 Shelf Registration 2025-10-10

An active Form S-3/A shelf dated October 10, 2025 registers shares for resale by existing holders. The company does not receive proceeds from these resales, and the shelf has been used at least once via a 424B5 prospectus supplement on October 29, 2025.

Market Pulse Summary

This announcement highlights completion of the first immersion unit in Oklahoma, adding 35 PH/s and supporting a targeted 780 PH/s energized hashrate by year‑end 2025. It also reiterates a substantial Bitcoin treasury of 301.8 BTC, valued at about $27.5 million or $2.251 per share at roughly $91,100/BTC. In context of recent expansion, repurchase activity and prior earnings, investors may watch execution on the second unit and future production updates.

Key Terms

immersion cooled technical

"the first BC40 Elite immersion cooled Foghashing unit at its Oklahoma site"

Immersion cooled describes a method where electronic equipment is placed directly into a non-conductive liquid so heat is carried away by the fluid instead of air. For investors, this matters because it can cut energy and cooling costs, allow more computing power in less space, and extend hardware life—similar to putting a hot engine in water to cool it faster than blowing air over it.

petahash technical

"adding approximately 35 Petahash (“PH/s”) to the Company’s total energized hashrate"

A petahash is a unit of computer processing power equal to one quadrillion (1,000,000,000,000,000) cryptographic calculations per second, used to measure how fast a cryptocurrency mining operation can try to solve blocks. For investors, higher petahash totals mean greater chances of earning mining rewards, influence on network security and competition, and correspondingly larger capital, energy and cost implications—similar to how buying more lottery tickets increases your chance of winning but also raises expenses.

hashrate technical

"adding approximately 35 Petahash (“PH/s”) to the Company’s total energized hashrate"

Hashrate is a measure of how quickly a computer network can process and verify transactions, often expressed as the number of calculations it can perform in a second. Think of it like the engine power of a car; the higher the hashrate, the more work the network can do in a given time. For investors, a higher hashrate generally indicates a more secure and robust network, which can influence confidence and the value of related digital assets.

bitcoin financial

"a Bitcoin treasury and mining company"

Bitcoin is a decentralized digital currency and asset that exists only online, created and recorded through a public digital record maintained by many computers worldwide—think of it as a shared spreadsheet that no single person controls. Investors care because it behaves like a high-risk, high-reward store of value and speculative commodity: its supply is limited, its price can swing sharply, and owning it can change a portfolio’s risk, diversification and exposure to market sentiment.

AI-generated analysis. Not financial advice.

TAMPA, Fla., Dec. 18, 2025 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin treasury and mining company, today announced that the first BC40 Elite immersion cooled Foghashing unit at its Oklahoma site has been successfully energized. This first of two planned BC40 Elite units is powering 160 next-generation Bitmain S21 immersion miners, adding approximately 35 Petahash (“PH/s”) to the Company’s total energized hashrate.

“We are excited to achieve this initial milestone in our Oklahoma expansion,” said Ryan Duran, President of U.S. Digital Mining. “We expect the second BC40 Elite Foghashing unit - supporting an additional 160 Bitmain S21 Immersion miners - to be installed later this month, subject to certain installation targets.”

“With this expansion, we anticipate reaching approximately 780 PH/s of energized hashrate across our facilities by year-end, representing an increase of approximately 75% compared to year-end 2024,” said Bruce M. Rodgers, Chairman and CEO of LM Funding. “We continue to have a positive outlook on the long-term prospect of the value of Bitcoin and remain focused on disciplined, strategy-aligned growth.”

The Company estimates that the value of its 301.8 Bitcoin holdings on November 30, 2025, was approximately $27.5 million or $2.25¹ per share, based on a Bitcoin price of approximately $91,100 as of November 30, 2025.

About LM Funding America
LM Funding America, Inc. (Nasdaq: LMFA), operates as a Bitcoin treasury and mining company. The Company was founded in 2008 and is based in Tampa, Florida. The Company also operates a technology-enabled specialty finance business that provides funding to nonprofit community associations primarily in the State of Florida. For more information, please visit https://www.lmfunding.com.

Forward-Looking Statements
This press release may contain forward-looking statements made pursuant to 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 but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company's most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, the risks of operating in the cryptocurrency mining business, our limited operating history in the cryptocurrency mining business and our ability to grow that business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, our ability to identify and acquire additional mining sites, the ability to finance our site acquisitions and cryptocurrency mining operations, our ability to acquire new accounts in our specialty finance business at appropriate prices, changes in governmental regulations that affect our ability to collect sufficient amounts on defaulted consumer receivables, changes in the credit or capital markets, changes in interest rates, and negative press regarding the debt collection industry. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.

For investor and media inquiries, please contact: 

Investor Relations 
Orange Group 
Yujia Zhai 
LMFundingIR@orangegroupadvisors.com 

¹ Bitcoin treasury calculated using 301.8 Bitcoin held as of 11/30/2025 and Bitcoin price of approximately $91,100 as of 11/30/2025. Bitcoin per share calculated using 12,209,413 shares outstanding as of 11/30/2025.

FAQ

How much hashrate did LM Funding add with the energized Oklahoma unit (LMFA)?

The energized BC40 Elite unit added approximately 35 PH/s of energized hashrate.

What is LM Funding's expected energized hashrate by year-end 2025 (LMFA)?

The company expects approximately 780 PH/s of energized hashrate by year-end 2025.

How many Bitmain S21 immersion miners does the Oklahoma unit power for LMFA?

The first unit powers 160 Bitmain S21 immersion miners.

When is the second BC40 Elite Foghashing unit expected to be installed for LMFA?

The second unit is expected later in December 2025, subject to certain installation targets.

What value did LM Funding assign to its Bitcoin holdings on Nov 30, 2025 (LMFA)?

LM Funding estimated its 301.8 BTC were worth about $27.5 million (≈$2.251 per share) on Nov 30, 2025.

How does the Oklahoma energization affect LM Funding shareholders (LMFA)?

The energization increases operational hashrate and supports the company’s target of ~780 PH/s by year-end, potentially improving mining output.