LM Funding America Announces November 2025 Production and Operational Update

Rhea-AI Summary

LM Funding America (NASDAQ: LMFA) provided a preliminary, unaudited operational update for November 30, 2025. The company reported 6.9 BTC mined (net) in November and a November-end Bitcoin HODL of 301.8 BTC. LM Funding values that treasury at approximately $27.5 million, or about $2.25 per share, based on a BTC price of ~$91,100 on November 30, 2025, compared with a stock price of $0.99 on the same date. Total energized hashrate remained 0.71 EH/s with 7,930 machines online. The company said a 2 MW immersion expansion in Oklahoma is on schedule to be energized by month-end and is expected to increase total hashrate by nearly 10%. Management reported ~$76,000 in curtailment and energy sales after temporarily curtailing mining during a late-month power-price spike.

Positive

• Bitcoin treasury valued at $27.5 million
• $2.25 per share implied Bitcoin treasury value
• 2 MW immersion expansion on schedule to energize by month-end
• Planned expansion expected to increase hashrate ~10%
• Energized hashrate maintained at 0.71 EH/s

Negative

• Common stock price $0.99 vs Bitcoin-implied $2.25 per share (market discount)

News Market Reaction – LMFA

-0.31%

1 alert

-0.31% News Effect

On the day this news was published, LMFA declined 0.31%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Bitcoin treasury value: $27.5 million Value per share: $2.25 per share Curtailment & energy sales: $76,000 +5 more

8 metrics

Bitcoin treasury value $27.5 million Estimated value of Bitcoin holdings as of Nov 30, 2025

Value per share $2.25 per share Implied value of BTC holdings per share on Nov 30, 2025

Curtailment & energy sales $76,000 Estimated November revenue from curtailment and energy sales

Bitcoin mined 6.9 BTC Net Bitcoin mined in November 2025

Bitcoin holdings 301.8 BTC Bitcoin HODL balance as of Nov 30, 2025

Bitcoin price $91,100 BTC price used to value treasury on Nov 30, 2025

LMFA share price $0.99 LMFA stock price on Nov 30, 2025

Total machines 7,930 Installed mining machines in November 2025

Market Reality Check

Price: $0.4050 Vol: Volume 272,116 is below t...

low vol

$0.4050 Last Close

Volume Volume 272,116 is below the 20-day average of 653,716 ahead of this update. low

Technical Shares traded below the 200-day MA, at $0.84 versus a $1.56 moving average.

Peers on Argus

Within Finance Services/Credit Services, peers showed mixed moves: PT -0.95%, SN...

Within Finance Services/Credit Services, peers showed mixed moves: PT -0.95%, SNTG +4.56%, DXF -1.48%, FOA +0.47%, PMTS -0.77%, indicating stock-specific rather than broad sector trading.

Historical Context

5 past events · Latest: Dec 04 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 04	Production update	Positive	-0.2%	November mining results, 301.8 BTC HODL and curtailment revenue disclosed.
Nov 14	Earnings results	Negative	-13.1%	Q3 2025 revenue growth but net loss and limited cash position reported.
Nov 06	Earnings call notice	Neutral	-5.4%	Scheduled Q3 2025 earnings call and release timing announcement.
Nov 05	Production update	Positive	+18.3%	October mining growth, BTC treasury metrics and share repurchase actions.
Nov 03	Share buyback	Positive	-6.5%	New $1.5M share repurchase authorization covering about 15% of shares.

Pattern Detected

Recent news often saw sharp single-day moves, with positive updates sometimes met by negative or muted reactions, while operational and buyback news have produced both rallies and selloffs.

Recent Company History

Over the last months, LM Funding America reported several operational and capital actions. October and November production updates highlighted 0.71 EH/s hashrate and Bitcoin holdings near the 295–302 BTC range, alongside energy curtailment revenues. Q3 2025 earnings showed $2.18M revenue but a $3.7M net loss and low cash, offset by financing that expanded the Bitcoin treasury. The company also executed an $8M private repurchase and announced a $1.5M share buyback program, framing today’s operational update within ongoing balance-sheet actions.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2025-10-10

An amended Form S-3/A filed on Oct 10, 2025 registers shares for resale by existing holders under a shelf process. The company will not receive proceeds from these resales, except upon any warrant exercises for cash. A 424B5 prospectus on Oct 29, 2025 reflects usage of this shelf for selling stockholders.

Market Pulse Summary

This announcement detailed November mining performance, with 6.9 BTC mined, a Bitcoin HODL of 301.8 ...

Analysis

This announcement detailed November mining performance, with 6.9 BTC mined, a Bitcoin HODL of 301.8 BTC, and an estimated treasury value of $27.5 million or $2.25 per share versus a $0.99 stock price on November 30, 2025. Operations ran on 7,930 machines at 0.71 EH/s, and curtailment plus energy sales added about $76,000. Context includes recent Q3 losses, leverage against Bitcoin collateral, and an effective resale shelf for existing holders.

Key Terms

bitcoin, hodl, hashrate, immersion

4 terms

bitcoin technical

"a Bitcoin treasury and mining company, today announced its preliminary"

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.

hodl financial

"- Bitcoin HODL | 294.9 | 301.8 3"

"Hodl" is a term used by investors to describe holding onto their investments, especially during times of market ups and downs, instead of selling. It comes from a misspelling of "hold" that became popular online and encourages people to stay committed to their assets despite short-term fluctuations. For investors, "hodl" emphasizes patience and confidence in the long-term value of their holdings.

hashrate technical

"- Hashrate (EH/s 2 )"

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.

immersion technical

"Our 2 MW immersion expansion in Oklahoma is on schedule"

Complete mental or sensory involvement in an environment, product, or experience that makes a person feel fully present and focused, often through visual, audio, or interactive elements. For investors, immersion matters because products or services that deeply engage users can drive stronger adoption, higher retention and spending, and a clearer competitive edge—like a theme park ride that keeps visitors coming back versus a simple bench display.

AI-generated analysis. Not financial advice.

- Bitcoin treasury as of November 30, 2025 valued at $27.5 million or $2.25 per share¹

TAMPA, Fla., Dec. 04, 2025 (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 November 30, 2025.

Metric	October 2025	November 2025
- Bitcoin2
- Mined, net	7.5	6.9
- Sold	(17.0)	-
- Purchased	-	-
- Service Fee	(0.1)	-
- Bitcoin HODL	294.9	301.83
- Machines2
- Oklahoma	4,320	4,320
- Mississippi	2,376	2,376
- Storage	1,234	1,234
- Total Machines	7,930	7,930
- Hashrate (EH/s2)
- Oklahoma	0.48	0.48
- Mississippi	0.23	0.23
- Energized	0.71	0.71

“November was another month of steady operational progress across our mining business,” said Bruce M. Rodgers, Chairman and CEO of LM Funding. “Bitcoin production was slightly lower as we took advantage of a late-month spike in power prices and curtailed mining to sell energy back to the grid, generating approximately $76,000 in curtailment and energy sales. Our 2 MW immersion expansion in Oklahoma is on schedule for energization by the end of the month, which we expect will increase our total hashrate by nearly 10%. We continue to monitor market conditions closely and believe our disciplined approach to growth and capital allocation positions us well heading into year-end.”

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, compared to a stock share price of $0.99 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

______________________________

¹Bitcoin treasury calculated using 301.8 Bitcoin held as of 11/30/25 and Bitcoin price of approximately $91,100 as of 11/30/25. Bitcoin per share calculated using 12,209,413 shares outstanding as of 11/30/2025
²Unaudited
³ Includes 145 BTC held by Galaxy for loan facility

FAQ

How many bitcoins did LM Funding America (LMFA) hold as of November 30, 2025?

LM Funding reported 301.8 BTC held on November 30, 2025.

What is the value of LMFA's Bitcoin treasury per share on November 30, 2025?

The company estimated the treasury at $27.5 million, or about $2.25 per share based on BTC at ~$91,100.

What was LMFA's energized hashrate and machine count in November 2025?

LM Funding reported an energized hashrate of 0.71 EH/s with 7,930 machines online.

How will the Oklahoma 2 MW immersion expansion affect LMFA's hashrate?

The company expects the 2 MW immersion energization to increase total hashrate by nearly 10% once active.

Did LM Funding generate any revenue from curtailment in November 2025?

Yes; LM Funding reported approximately $76,000 from curtailment and energy sales in late November.

Why is LMFA's stock price lower than its Bitcoin-implied per-share value on November 30, 2025?

The release shows a market discount: stock price was $0.99 while Bitcoin-implied value was about $2.25; the company did not provide a reason for the gap.