LM Funding America Announces May 2025 Production and Operational Update

Rhea-AI Summary

LM Funding America (NASDAQ: LMFA) released its May 2025 Bitcoin mining update, reporting 6.3 BTC mined compared to 6.6 in April. The company's Bitcoin treasury reached 155 BTC, valued at $16.2 million ($3.16 per share) based on BTC price of $104,600. Mining operations saw changes with 800 machines relocated from Kentucky to Oklahoma, reducing operational machines from 5,121 to 4,320. Total hashrate remained stable at 0.61 EH/s. The company generated approximately $70,000 from power curtailment activities in May. Despite lower mining output, LMFA's strategy focuses on Bitcoin accumulation and risk management through power monetization, maintaining a capital-efficient approach to create long-term shareholder value.

Positive

• Bitcoin treasury increased to 155 BTC, valued at $16.2 million ($3.16 per share)
• Generated additional revenue of $70,000 from power curtailment activities
• Maintained total hashrate at 0.61 EH/s despite machine relocation
• Bitcoin holdings value per share ($3.16) significantly higher than current stock price ($1.93)

Negative

• Monthly Bitcoin production decreased from 6.6 to 6.3 BTC
• Reduction in operational machines from 5,121 to 4,320 due to relocation
• Temporary disruption in mining operations due to machine relocation from Kentucky to Oklahoma

Insights

Cryptocurrency Mining Analyst

LMFA continues executing its Bitcoin treasury strategy despite minor mining decrease due to machine relocation, demonstrating operational flexibility with power curtailment revenue.

LM Funding's May operational update reveals a consistent focus on their Bitcoin accumulation strategy, with holdings growing to 155 Bitcoin ($16.2 million or $3.16 per share) despite a 4.5% decrease in monthly mining output from 6.6 to 6.3 BTC.

The reduced mining output stems from a strategic operational adjustment - relocating approximately 800 mining machines from a hosted Kentucky facility to their wholly-owned Oklahoma site. This transition caused a temporary 15.6% reduction in operational machines from 5,121 to 4,320, while maintaining total machine count at 5,617 units.

What's particularly noteworthy is their power curtailment strategy, generating approximately $70,000 in May. This approach serves dual purposes: creating an alternative revenue stream while reducing exposure to both energy costs and Bitcoin price volatility. Such operational flexibility is increasingly critical in the mining sector, where margins can quickly compress during market downturns.

The company maintains a significant value disconnect, with Bitcoin holdings worth $3.16 per share against a share price of $1.93 - a 63.7% premium of asset value over market capitalization. This substantial discount to their Bitcoin treasury value suggests the market is applying a significant discount to their operational capabilities or harboring concerns about future capital allocation decisions.

Their Oklahoma facility's hashrate actually increased 11.6% to 0.48 EH/s despite fewer operational machines, indicating improved efficiency. However, total energized hashrate declined from 0.56 to 0.48 EH/s due to the temporary transition period, with more machines (1,297 vs 496) in storage awaiting deployment.

- Bitcoin treasury as of May 31, 2025 valued at $16.2 million or $3.16 per share¹

TAMPA, Fla., June 10, 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 May 31, 2025.

Metric	Apr 2025		May 2025
- Bitcoin2
- Mined, net	6.6		6.3
- Sold	(18.0)		-
- Purchased	-		-
- Service Fee	(0.1)		-
- Bitcoin HODL	148.7		155.0
- Machines2
- Operational	5,121		4,320
- Storage	496		1,297
- Total Machines	5,617		5,617
- Hashrate (EH/s2)
- Oklahoma	0.43		0.48
- Hosted	0.13		-
- Energized	0.56		0.48
- Storage	0.05		0.13
- Total	0.61		0.61

“In May, we remained focused on increasing the output of our mining operations in support of our Bitcoin treasury strategy,” said Bruce Rodgers, Chairman and CEO of LM Funding. “Although the number of Bitcoin mined was modestly lower due to the relocation of machines from our hosted Kentucky site to our wholly owned Oklahoma facility, our Bitcoin holdings grew both in volume and value, ending the month at 155 Bitcoin worth over $16 million, or $3.16 per share. We believe the revenue generated from power curtailment activities meaningfully reduces our exposure to both energy and Bitcoin price volatility. This risk-managed approach provides our shareholders with a capital-efficient, Bitcoin-aligned platform that supports our long-term treasury accumulation strategy.”

The reduction in BTC mined is due in part to approximately 800 machines being repositioned from the Core Kentucky site to the Company’s Oklahoma site. Estimated curtailment and energy sales for May 2025 were approximately $70,000.

The Company estimates that the value of its 155 Bitcoin holdings on May 31, 2025, was approximately $16.2 million or $3.16¹ per share, based on a Bitcoin price of approximately $104,600 as of May 31, 2025, compared to a stock share price of $1.93 as of May 30, 2025.

“Our focus remains on capital efficiency and asset optimization,” added Richard Russell, CFO of LM Funding. “The ability to monetize power curtailment while growing our Bitcoin holdings strengthens our balance sheet and supports long-term shareholder value.”

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

¹Bitcoin treasury calculated using 155 Bitcoin held as of 5/31/25 and Bitcoin price of approximately $104,600 as of 5/31/25. Bitcoin per share calculated using 5,133,412 shares outstanding as of 3/31/25 from SEC Form 10-Q filed May 15, 2025
²Unaudited

FAQ

How many Bitcoin did LMFA mine in May 2025?

LMFA mined 6.3 Bitcoin in May 2025, slightly down from 6.6 Bitcoin in April 2025.

What is the current value of LMFA's Bitcoin treasury?

As of May 31, 2025, LMFA's Bitcoin treasury of 155 BTC was valued at approximately $16.2 million, or $3.16 per share, based on a Bitcoin price of $104,600.

How many mining machines does LMFA currently operate?

As of May 2025, LMFA had 4,320 operational machines and 1,297 machines in storage, for a total of 5,617 machines.

What was LMFA's hashrate in May 2025?

LMFA maintained a total hashrate of 0.61 EH/s in May 2025, with 0.48 EH/s from their Oklahoma facility.

How much revenue did LMFA generate from power curtailment in May 2025?

LMFA generated approximately $70,000 from power curtailment and energy sales activities in May 2025.