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LM Funding America, Inc. - $LMFA STOCK NEWS

Welcome to our dedicated page for LM Funding America news (Ticker: $LMFA), a resource for investors and traders seeking the latest updates and insights on LM Funding America stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect LM Funding America's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of LM Funding America's position in the market.

Rhea-AI Summary
LM Funding America, Inc. announces a 1-for-6 reverse stock split to comply with Nasdaq listing requirements. The company reports strong business fundamentals with 1700% year-over-year revenue growth in Q3 2023. Shareholders' equity was $35.9 million as of September 30, 2023. The reverse split aims to attract more investors and tighten the public float.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.37%
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Rhea-AI Summary
LM Funding America, Inc. (NASDAQ: LMFA) reports an increase in Bitcoin holdings to approximately 126.8 BTC, valued at around $5.4 million as of January 31, 2024. The company mined 31.7 Bitcoin in January, choosing to hold them for future appreciation. With a focus on acquiring assets linked to Bitcoin's price, LM Funding invested in advanced mining equipment to capitalize on potential price increases post-halving events.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.9%
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none
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Rhea-AI Summary
LM Funding America, Inc. (NASDAQ: LMFA) announced their participation at The Microcap Conference from January 30 to February 1, 2024. Bruce M. Rodgers, Chairman and CEO, will present on January 31st and February 1st. The company will also engage in one-on-one meetings with investors. To register, visit the provided link.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.4%
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conferences
Rhea-AI Summary
LM Funding America, Inc. (LMFA) reports an increase in Bitcoin holdings to 95.1 BTC valued at $4.0 million at year-end. The company provided a preliminary, unaudited Bitcoin mining update for the three and twelve months ended December 31, 2023, showing steady progress in Bitcoin mining operations and strategic reinvestment of proceeds from Bitcoin sales.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.72%
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none
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Rhea-AI Summary
LM Funding America, Inc. (LMFA) has announced the purchase of 300 Bitmain S21 Antminer machines for $1.1 million, expected to be delivered in the second quarter of 2024. This investment will increase the company's mining capacity to 674 PH, with the CEO expressing confidence in the revenue-producing potential of the new equipment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.78%
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Rhea-AI Summary
LM Funding America, Inc. (NASDAQ: LMFA) has strengthened its balance sheet by selling Symbiont's blockchain technology for $2 million to Platonic Holdings Inc. This sale will provide additional resources to purchase new mining machines in preparation for the expected Bitcoin halving event in Q2 2024. The sale price includes $200,000 held in escrow until December 26, 2024. LM Funding acquired Symbiont.IO's assets as debtor in possession in its Chapter 11 bankruptcy case, recorded on the Company’s books for $2 million. The deal closed on December 27, 2023, and the Chairman and CEO, Bruce M. Rodgers, expressed optimism about the transaction's impact on the Company's growth and balance sheet strength.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.56%
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none
Rhea-AI Summary
LM Funding America, Inc. (NASDAQ: LMFA) Mined 117.1 Bitcoins in Q3 2023, Generating Approximately $3.3 Million in Revenue. The company focuses on Bitcoin mining machines that track the value of Bitcoin, reporting a working capital of $4.5 million and stockholders’ equity of $35.9 million. The average BTC price for the quarter recognized as revenue was approximately $28,000, with a sequential quarterly revenue increase of 7.0% from the three months ended June 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.31%
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Rhea-AI Summary
LM Funding America, Inc. (NASDAQ: LMFA) to Host Conference Call to Discuss Q3 2023 Financial Results and Business Update
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.5%
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Rhea-AI Summary
LM Funding America, Inc. reports increases in Bitcoin mined, Bitcoin sold, and new mining machines.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.21%
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none
Rhea-AI Summary
LM Funding America, Inc. CEO discusses benefits of Bitcoin and blockchain technology in interview, as well as acquisition of Symbiont assets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
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LM Funding America, Inc.

Nasdaq:LMFA

LMFA Rankings

LMFA Stock Data

8.15M
1.99M
15%
8.81%
7.78%
International Trade Financing
Finance and Insurance
Link
United States of America
TAMPA

About LMFA

formed in january 2008, lm funding is a financial services company that provides principal secured funding to condominium associations facing the ramifications of delinquent association dues. we are real estate and legal professionals with over 50 years and more than $1 billion of investment and transactional experience. we believe that condo associations and their owners shouldn’t have to take on the financial responsibility of delinquency and the hassle of collection. that’s why we “buy problems.” before lm funding, condo association owners would have to hire attorneys to collect bad debt. we’re changing that, with a unique business idea that turns debt into instant cash—freeing condo associations from the burden of collection and allowing them to continue to maintain their operations. lm funding’s accumulated delinquent assessment balance is now in excess of $90 million. that is a lot of problems that we’ve bought, and we want more!