LM Funding America Announces April 2025 Production and Operational Update

Rhea-AI Summary

LM Funding America (NASDAQ: LMFA), a Bitcoin mining company, released its April 2025 operational update. The company currently holds 148.7 BTC valued at $14.1 million ($2.75 per share) as of April 30, 2025. Monthly mining output decreased to 6.6 BTC in April from 8.7 BTC in March due to hosting site disruptions during machine relocation. The company operates 5,121 active mining machines with a total hashrate of 0.61 EH/s. LMFA generated approximately $120,000 in power sales from its Oklahoma facility and plans a 2 MW expansion using immersion cooling technology, expected to complete by Q3 2025. The company also decided to sell its recently acquired S21+ miners from Bitmain to recover investment and preserve capital.

Positive

• Generated $120,000 in power sales from Oklahoma facility, improving mining margins
• Holds 148.7 BTC valued at $14.1 million ($2.75 per share)
• Plans for 2 MW expansion with immersion cooling technology for better efficiency
• Strategic sale of S21+ miners to recover investment and preserve capital

Negative

• Monthly Bitcoin mining decreased to 6.6 BTC in April from 8.7 BTC in March
• Experienced curtailments and disruptions at hosting site
• Sold 18.0 BTC in April, reducing holdings from 160.2 to 148.7 BTC

Insights

Cryptocurrency and Mining Analyst

LMFA reported lower Bitcoin production, strategic equipment sales, and expansion plans while their BTC holdings exceed their market capitalization.

LM Funding's April operational update reveals several notable trends in their Bitcoin mining operations. The company mined 6.6 BTC in April, down from 8.7 BTC in March, primarily due to temporary disruptions from relocating 800 machines to their Oklahoma facility. More significantly, they sold 18 BTC during April, continuing a selling trend after disposing of 14.2 BTC in March.

The company's hashrate remained stable at 0.56 EH/s for energized machines, representing no growth from previous months despite industry-wide mining difficulty increases. This static capacity suggests the company is likely losing relative mining power compared to the expanding global hashrate.

What's particularly noteworthy is that LMFA holds 148.7 BTC valued at approximately $14.1 million ($2.75 per share), which significantly exceeds their $1.49 share price as of April 30. This valuation gap (84% premium of BTC holdings over share price) indicates the market may be applying a substantial discount to their Bitcoin mining operations.

The strategic pivot toward vertical integration appears to be bearing fruit, with $120,000 in power sales from their Oklahoma facility helping to offset mining costs. Their planned 2 MW expansion using immersion cooling technology represents a smart adaptation to current market conditions, potentially enabling better efficiency and equipment longevity.

The decision to sell recently acquired S21+ miners from Bitmain to recover investment capital demonstrates prudent capital allocation, especially given current mining economics. This move, combined with their facility expansion scheduled for Q3 completion, indicates management is optimizing for long-term operational efficiency rather than pursuing aggressive short-term growth.

- Bitcoin HODL 148.7 BTC as of April 30, 2025 valued at $14.1 million or $2.75 per share¹

TAMPA, Fla., May 12, 2025 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin mining and technology-based specialty finance company, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended April 30, 2025.

Metric	Feb 2025	Mar 2025	Apr 2025
- Bitcoin2
- Mined, net	7.6	8.7	6.6
- Sold	-	(14.2)	(18.0)
- Purchased	-	-	-
- Service Fee	(0.0)	(0.1)	(0.1)
- Bitcoin HODL	165.8	160.2	148.7
- Machines2
- Operational	5,121	5,121	5,121
- Storage	719	496	496
- Total Machines	5,840	5,617	5,617
- Hashrate (EH/s2)
- Oklahoma	0.43	0.43	0.43
- Hosted	0.13	0.13	0.13
- Energized	0.56	0.56	0.56
- Storage	0.07	0.05	0.05
- Total	0.63	0.61	0.61

________________________
_{¹ Calculated using 5,133,412 shares outstanding as of 12/31/24 from SEC Form 10-K filed March 31, 2025
² Unaudited}

"Transitioning to a vertically integrated model has proved valuable to our bottom line," said Bruce Rodgers, Chairman and CEO of LM Funding. "In April, we mined 6.6 Bitcoin due to curtailments and disruptions at our hosting site as we began relocating 800 machines to our wholly owned Oklahoma facility. Our Oklahoma site enabled us to generate approximately $120,000 in power sales during the month — an offset to our mining costs that improved our margins and overall efficiency. We also made several strategic decisions, including ordering two 1 MW immersion containers to start our 2 MW expansion at our Oklahoma site. After careful diligence, we believe immersion offers faster deployment timelines, better margins, and improved equipment longevity."

Richard Russell, CFO of LM Funding added, "In parallel with our Oklahoma expansion, we made the decision to sell our recently acquired S21+ miners from Bitmain. This transaction is expected to recover our investment and preserve capital for higher-return opportunities. Regarding our 2 MW expansion, we anticipate completing construction and energization by the end of the third quarter, subject to international shipping timelines. We believe these strategic moves will strengthen our operational foundation, protect capital, and position us for long-term success in an evolving market landscape."

The Company estimates that the value of its 148.7 Bitcoin holdings on April 30, 2025, was approximately $14.1 million or $2.75¹ per share, based on a Bitcoin price of approximately $94,900 as of April 30, 2025, compared to a stock share price of $1.49 as of April 30, 2025.

Upcoming Conferences and Events

• May 15, 2025: LM Funding’s First Quarter 2025 Earnings Call
  • Time: 8 AM EST
  • Participant Call Links:
    • Live Webcast: Link
    • Participant Call Registration: Link
• May 20, 2025: Benchmark Virtual Digital Asset Seminar
• May 28, 2025: Orange Group & Blockware Sell-side and Buy-side Conference in Las Vegas, Nevada
  

About LM Funding America
LM Funding America, Inc. (Nasdaq: LMFA), operates as a Bitcoin mining and specialty finance company. The company was founded in 2008 and is based in Tampa, 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 collected 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 

FAQ

How many Bitcoin did LMFA mine in April 2025?

LMFA mined 6.6 Bitcoin in April 2025, down from 8.7 Bitcoin in March due to curtailments and disruptions during machine relocation.

What is LMFA's current Bitcoin holdings value as of April 2025?

LMFA held 148.7 BTC valued at approximately $14.1 million ($2.75 per share) as of April 30, 2025, based on a Bitcoin price of $94,900.

What expansion plans does LMFA have for its Oklahoma facility?

LMFA plans a 2 MW expansion at its Oklahoma facility using two 1 MW immersion containers, expected to complete by the end of Q3 2025.

How many mining machines does LMFA currently operate?

LMFA operates 5,121 operational mining machines with an additional 496 machines in storage, totaling 5,617 machines.

What was LMFA's power sales revenue from its Oklahoma facility in April 2025?

LMFA generated approximately $120,000 in power sales from its Oklahoma facility during April 2025.