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LM Funding America Inc - LMFA STOCK NEWS

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

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.

News
LM Funding Invests in S21 Bitmain Mining Machines in Advance of 2024 Bitcoin Halving Event
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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none
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News
LM Funding Sells Symbiont's Blockchain Technology to Platonic Holdings Inc.
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%
Tags
none
-
News
LM Funding America, Inc. Achieves Over 1,720% Year-Over-Year Revenue Growth to $3.4 Million
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%
Tags
none
News
LM Funding America, Inc. Schedules Third Quarter 2023 Financial Results and Business Update Conference Call
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%
Tags
earnings
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News
LM Funding America, Inc. Provides Quarterly Operational and Bitcoin Mining Update for Three Months Ended September 30, 2023
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%
Tags
none
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News
LM Funding America Chairman and CEO Bruce Rodgers Interviewed on “The Big Biz Show”
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%
Tags
none
News
LM Funding America to Present at the H.C. Wainwright 25th Annual Global Investment Conference
Rhea-AI Summary
LM Funding America, Inc. to participate in H.C. Wainwright 25th Annual Global Investment Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.85%
Tags
conferences
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News
LM Funding America, Inc. Achieves Over 1,260% Year-Over-Year Revenue Growth to $3.2 Million and Generates Positive Core EBITDA for the Second Quarter of 2023
Rhea-AI Summary
LM Funding reports Q2 2023 financial results. Mined 106.6 Bitcoins with average value of $27,900 per Bitcoin. Completed acquisition of Symbiont.io assets. Working capital of $5.5M and stockholders' equity of $39.9M ($2.72 per share) as of June 30, 2023. Net loss of $4.5M but achieved Core EBITDA of $1.0M. Total revenue of $3.2M, a 1,260% increase YoY. Cash reserves of $1.8M and 79 Bitcoins valued at $2.0M. Conference call to be held today at 11:00 am ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.14%
Tags
none
-
News
LM Funding America, Inc. Schedules Second Quarter 2023 Financial Results and Business Update Conference Call
Rhea-AI Summary
LM Funding America, Inc. (LMFA) to Host Conference Call to Discuss Financial Results and Business Update
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.35%
Tags
earnings
News
LM Funding America, Inc. Provides Quarterly Bitcoin Mining Update for Three Months Ended June 30, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.96%
Tags
none
Stock LMFA logo
LM Funding America Inc

Nasdaq:LMFA

LMFA Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

LMFA Stock Data

7.03M
1.99M
15%
8.81%
7.78%
International Trade Financing
Finance and Insurance
Link
US
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!