LM Funding America Announces May 2025 Production and Operational Update
LM Funding America (NASDAQ: LMFA) released its May 2025 Bitcoin mining update, reporting 6.3 BTC mined compared to 6.6 in April.
Sentiment and the balance of points
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Rhea-AI Summary
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
Details
News Market Reaction – LMFA
The recorded move for LMFA in the trading session of this news was -1.05%.
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- Bitcoin treasury as of May 31, 2025 valued at
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
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
The Company estimates that the value of its 155 Bitcoin holdings on May 31, 2025, was approximately
“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
2Unaudited
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