Lm Fdg Amer Inc Stock Price, News & Analysis

LM Funding America, Inc. (NASDAQ:LMFA) announced its participation in the Ladenburg Thalmann Virtual Technology Expo on December 7, 2022, at 2:30 PM ET. Bruce Rodgers and Richard Russell will present on the company's cryptocurrency mining operations and specialty finance services. The Expo will feature presentations from about 50 technology and media companies, offering a platform for institutional investors. Attendees can register for the event and request one-on-one meetings with presenting companies through the dedicated event website.

LM Funding America, Inc. (NASDAQ:LMFA) announced updated details from their Q3 2022 financial results and business operations. They reported a working capital of $15.5 million and stockholders’ equity of $62.2 million ($4.75 per share) as of September 30, 2022. The company projects a growth in Bitcoin miners from 1,200 to approximately 2,700 by year-end. Revenue for Q3 2022 was approximately $188,000, down from $224,000 in the same quarter last year, attributed to their focus on Bitcoin mining and timing issues.

LM Funding America, Inc. (NASDAQ:LMFA) reported financial results for the quarter ending September 30, 2022, highlighting a shift to Bitcoin mining. The company has 1,200 miners operational, with plans to expand to approximately 2,700 by year-end. As of September 30, 2022, LMFA reported cash reserves of $10.2 million, working capital of $15.5 million, and total stockholders' equity of $62.2 million, translating to $4.75 per share. Revenues for the quarter were around $188,000, a decrease from $224,000 year-over-year, largely due to the timing of mining operations.

LM Funding America, Inc. (NASDAQ:LMFA) announced participation in the Dawson James Securities 7th Annual Small Cap Growth Conference on October 12, 2022, at 5:00 PM ET. Chairman and CEO Bruce Rodgers, along with CFO Richard Russell, will present at the event held at the Wyndham Grand Hotel in Jupiter, Florida. Investors can access the presentation via a live webcast and subsequent archived recordings through the company's website. LM Funding, a cryptocurrency mining and specialty finance business, serves community associations in several states.

LM Funding America (NASDAQ:LMFA) announced the energization of 848 S19J Pro Antminer Mining Machines at Core Scientific's facility in Kentucky. Chairman Bruce M. Rodgers expressed confidence in generating Bitcoin revenue to cover operating costs and reinvesting in further mining operations. The company aims to have all 5,400 machines operational by December 31, 2022, generating approximately 544 petahash annually. Additionally, LMFA has ordered 200 Bitmain S19 XP mining machines, expected to arrive between December 2022 and January 2023.

LM Funding America has entered into a hosting agreement with Core Scientific for 1,200 bitcoin mining machines, complementing its existing contract with Compute North for 4,200 miners. This move, part of LMFA's strategy to diversify hosting partnerships, also includes the purchase of 400 additional S19J Pro Antminers from Bitmain for approximately $1.26 million, raising its total miner fleet to over 5,400 machines. The company's projected total hashrate aims to reach 544 Petahash, reinforcing its commitment to Bitcoin's long-term growth amidst favorable pricing conditions.

LM Funding America (NASDAQ:LMFA) will have its Chairman, President, and CEO, Bruce Rodgers, present at the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022. Rodgers' presentation is scheduled for September 14 at 11:00 AM ET, accessible to registered attendees via the conference portal. The company focuses on specialty finance for nonprofit community associations and is expanding into cryptocurrency mining through its subsidiary, US Digital Mining and Hosting Co., LLC. A webcast will be available for replay on the company's Investor Relations website.

LM Funding America (LMFA) reported a working capital of $21.2 million and stockholders’ equity of $65.2 million as of June 30, 2022. The company has placed 2,690 Bitcoin miners and aims for over 5,000 miners operational by Q4 2022, resulting in a capacity of 504 petahash. Net income for Q2 2022 was $2.8 million, down from $11.1 million year-over-year, primarily due to a strategic shift to Bitcoin mining. The company recorded an unrealized gain on securities of $12.2 million related to its SPAC interest. A conference call to discuss these results is scheduled for today.

LM Funding America (NASDAQ:LMFA) announced a conference call scheduled for August 17, 2022, at 11:00 a.m. ET to discuss its Q2 2022 financial results ending June 30, 2022, and provide a business update. The company, which focuses on funding nonprofit community associations and is expanding into cryptocurrency mining, aims to highlight its strategic initiatives. Investors can access the call via telephone or through a live webcast, with replays available through August 31, 2022.