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)

Insights

Mining operations analyst

Steady month: modest mining output, a small rise in Bitcoin holdings, and a planned hashrate increase from a 2 MW energization.

The company reported bitcoin production of 6.9 BTC mined (net) in November 30, 2025, down from 7.5 BTC in October, and an increase in on‑chain holdings to 301.8 BTC from 294.9 BTC. The firm valued that holding at $27.5 million or $2.25 per share using a stated bitcoin price of $91,100 on November 30, 2025. The update cites $76,000 in curtailment and energy sales as a deliberate operational response to high late‑month power prices. The fleet remained at 7,930 machines and energized hashrate at 0.71 EH/s.

The company expects a 2 MW immersion expansion in Oklahoma to energize by the end of the month and to raise total hashrate by "nearly 10%". Key dependencies and risks are explicit: reported production dipped due to planned curtailment, and the valuation cited depends on the stated bitcoin spot price. Concrete items to watch over the near term include actual energization of the 2 MW expansion and month‑over‑month mined BTC and realized sales data in the next update (near term, weeks).

- 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.