LM Funding America Announces February 2026 Production and Operational Update

Rhea-AI Summary

LM Funding America (NASDAQ: LMFA) reported a February 2026 mining and operational update showing its strongest monthly Bitcoin production since launch. The company mined 8.7 BTC in February, increased total machines to 7,513, and held 354.7 BTC valued at approximately $23.8 million (≈$1.11 per share) as of February 28, 2026.

The company deployed ~300 Bitmain S21 XP miners in Oklahoma, upgraded older equipment, and extended the maturity of an $11 million Galaxy Digital loan to April 24, 2026, providing short-term balance sheet flexibility.

Positive

• Net mined Bitcoin rose 11.5% MoM to 8.7 BTC in February
• Highest monthly production since mining operations launch
• ~300 S21 XP miners deployed, improving efficiency and uptime
• Bitcoin treasury value ≈ $23.8 million (354.7 BTC) as of Feb 28, 2026
• Implied BTC value per share ~$1.11 vs. stock close $0.40 (Mar 2, 2026)

Negative

• Galaxy Digital loan maturity extended only until Apr 24, 2026, indicating near-term refinancing need

News Market Reaction – LMFA

+13.16% 2.7x vol

16 alerts

+13.16% News Effect

+9.1% Peak Tracked

-11.8% Trough Tracked

+$730K Valuation Impact

$6M Market Cap

2.7x Rel. Volume

On the day this news was published, LMFA gained 13.16%, reflecting a significant positive market reaction. Argus tracked a peak move of +9.1% during that session. Argus tracked a trough of -11.8% from its starting point during tracking. Our momentum scanner triggered 16 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $730K to the company's valuation, bringing the market cap to $6M at that time. Trading volume was elevated at 2.7x the daily average, suggesting notable buying interest.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Bitcoin treasury: 354.7 BTC Treasury value: $23.8 million Bitcoin mined: 8.7 BTC +5 more

8 metrics

Bitcoin treasury 354.7 BTC Holdings as of February 28, 2026

Treasury value $23.8 million Estimated value of 354.7 BTC on February 28, 2026

Bitcoin mined 8.7 BTC Net Bitcoin mined in February 2026

Bitcoin sold 18.1 BTC Bitcoin sold in February 2026

Total machines 7,513 Total mining machines in February 2026

Energized hashrate 0.78 EH/s Total energized hashrate in February 2026

Galaxy Digital loan $11 million Loan with maturity extended to April 24, 2026

Reference BTC price $67,000 Bitcoin price used for treasury valuation on February 28, 2026

Market Reality Check

Price: $0.3725 Vol: Volume of 98,994 is well ...

low vol

$0.3725 Last Close

Volume Volume of 98,994 is well below the 20-day average of 282,534 (relative volume 0.35). low

Technical Shares at $0.38 are trading below the 200-day moving average of $1.3, after a -4.79% move over the prior 24 hours.

Peers on Argus

Peers in Finance Services / Credit Services showed mixed moves: PT up 16.19%, PM...

Peers in Finance Services / Credit Services showed mixed moves: PT up 16.19%, PMTS up 2.97%, FOA up 1.34%, while SNTG and DXF fell -0.72% and -6.13%. With LMFA down -4.79% pre‑news and no peers in the momentum scanner, trading appears stock‑specific rather than a sector rotation.

Historical Context

5 past events · Latest: Feb 05 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 05	Operations update	Positive	-9.1%	January 2026 Bitcoin production, treasury value, and hashrate update.
Jan 20	Infrastructure expansion	Positive	-8.1%	Second Oklahoma immersion unit energized, adding ~35 PH/s and raising hashrate.
Jan 07	Operations update	Positive	-3.5%	Record December 2025 Bitcoin production, equity raise, and BTC purchases.
Dec 19	Equity offering	Negative	-16.7%	Registered direct offering with shares, pre-funded warrants, and repriced warrants.
Dec 18	Infrastructure expansion	Positive	-2.5%	First Oklahoma immersion unit energized, adding ~35 PH/s and boosting BTC holdings.

Pattern Detected

Recent Bitcoin production and infrastructure updates with seemingly positive content have often been followed by negative price reactions, while dilutive or financing events have also coincided with declines.

Recent Company History

Over recent months, LM Funding has focused on scaling its Bitcoin mining footprint and building its treasury. Updates in Dec 2025 and Jan 2026 highlighted record monthly production, energized hashrate increases toward 0.75–0.77 EH/s, and Bitcoin holdings rising into the mid‑300 BTC range. Infrastructure milestones in Oklahoma added roughly 35 PH/s at a time. A $6.5 million registered direct offering under its shelf, and subsequent Nasdaq minimum bid‑price noncompliance, frame today’s February 2026 production update within a backdrop of continued equity issuance risk and listing pressure.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2025-10-10

An amended Form S-3/A shelf, filed on 2025-10-10, registers shares for resale by existing holders. The company states it will not receive proceeds from these resales. The shelf runs until 2028-10-10, is currently marked as not effective, and has at least one related 424B5 usage on 2025-10-29. This framework enables liquidity for selling stockholders under specified conditions.

Market Pulse Summary

The stock surged +13.2% in the session following this news. A strong positive reaction aligns with L...

Analysis

The stock surged +13.2% in the session following this news. A strong positive reaction aligns with LM Funding’s report of its highest monthly Bitcoin production to date, with 8.7 BTC mined and energized hashrate at 0.78 EH/s. Historically, similar operational updates have not produced lasting gains, with several prior news events followed by declines. Investors have also faced ongoing dilution pathways via registered offerings and an active resale shelf. Any sustained strength would need to contend with these structural overhangs and short-term loan obligations.

Key Terms

hashrate, eh/s

2 terms

hashrate technical

"This fleet upgrade improved overall efficiency, strengthened uptime, and increased our total 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.

eh/s technical

"- Hashrate (EH/s 2 )"

"Eh/s" stands for "earnings per share," a measure of a company's profitability calculated by dividing its net profit by the number of shares outstanding. It indicates how much money each share would earn if the company’s profits were divided equally among shareholders, helping investors assess how well a company is performing financially. A higher "eh/s" suggests greater profitability, which can influence investment decisions.

AI-generated analysis. Not financial advice.

- Bitcoin treasury as of February 28, 2026 was 354.7 BTC valued at $23.8 million or $1.11 per share¹

TAMPA, Fla., March 04, 2026 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin treasury and mining company, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended February 28, 2026.

Metric	January 2026	February 2026
- Bitcoin2
- Mined, net	7.8	8.7
- Sold	-	18.1
- Purchased	-	-
- Service Fee	-	-
- Bitcoin HODL	364.13	354.73
- Machines2
- Oklahoma	4,608	4,586
- Mississippi	2,378	2,368
- Storage	365	559
- Total Machines	7,351	7,513
- Hashrate (EH/s2)
- Oklahoma	0.54	0.55
- Mississippi	0.23	0.23
- Energized	0.77	0.78

“February was our highest production month since launching our mining operations, supported by strong uptime and consistent performance across our facilities,” said Bruce Rodgers, Chairman and CEO of LM Funding. “We remain focused on expanding our mining infrastructure and increasing our Bitcoin holdings, continuing to rely on Bitcoin’s long-term appreciation and its role as the foundation of our intrinsic value.”

“During late February, we deployed approximately 300 Bitmain S21 XP miners at our Oklahoma facility, replacing older machines and reallocating higher-terahash units to Mississippi,” said Ryan Duran, President of USDM. “This fleet upgrade improved overall efficiency, strengthened uptime, and increased our total hashrate - supporting our highest monthly Bitcoin production to date.”

“We also renegotiated our $11 million Galaxy Digital Loan by extending the maturity date until April 24, 2026,” said Richard Russell, Chief Financial Officer. “This extension provides us with flexibility in settling the loan.”

The Company estimates that the value of its 354.7 Bitcoin holdings on February 28, 2026, was approximately $23.8 million or $1.11¹ per share, based on a Bitcoin price of approximately $67,000 as of February 28, 2026, compared to a stock share price of $0.40 as March 2, 2026 close.

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 
OG Advisory Group 
Yujia Zhai 
LMFundingIR@orangegroupadvisors.com 

¹Bitcoin treasury calculated using 354.7 Bitcoin held as of 02/28/26 and Bitcoin price of approximately $67,000 as of 02/28/26. Bitcoin per share calculated using 21,455,892 diluted shares outstanding as of 02/28/26 which includes 15,264,892 shares outstanding and 6,191,000 warrants with an exercise price of $0.001 per share as of 02/28/26.
²Unaudited

FAQ

How much Bitcoin did LMFA mine in February 2026 and how does it compare to January?

LMFA mined 8.7 BTC in February 2026, up from 7.8 BTC in January (≈11.5% increase). According to the company, strong uptime and equipment upgrades drove the highest monthly production since launch.

What changes to LMFA's mining fleet were reported in February 2026?

LMFA deployed approximately 300 Bitmain S21 XP miners at its Oklahoma facility in late February. According to the company, replacements and reallocations improved efficiency, uptime, and overall hashrate.

How many Bitcoins did LMFA hold on February 28, 2026 and what was the estimated value?

LMFA held 354.7 BTC on February 28, 2026, estimated at about $23.8 million. According to the company, this equates to roughly $1.11 per share based on a $67,000 BTC reference price.

What loan update did LMFA disclose on March 4, 2026 regarding Galaxy Digital financing?

LMFA renegotiated its $11 million Galaxy Digital loan by extending maturity to April 24, 2026. According to the company, the extension provides additional flexibility to settle the loan.

What operational metrics changed for LMFA's machines and hashrate in February 2026?

Total machines rose to 7,513 and energized hashrate increased to ~0.78 EH/s. According to the company, equipment upgrades and reallocations supported improved uptime and higher monthly production.