secwatch.observer — SEC 8-K summary
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Issuer:     LM FUNDING AMERICA, INC. (LMFA)
CIK:        0001640384
Form:       8-K
Filed at:   2022-11-18T23:59:59+00:00
Accession:  0000950170-22-025412
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LM Funding Q3 2022: Revenue dips to $188K, miner count up to 1,200, expects 2,700 by year-end
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- Revenue $188K vs $224K YoY; shift to Bitcoin mining and timing of payoffs.
- Cash $10.2M, working capital $15.5M, equity $62.2M ($4.75/share) as of Sep 30.
- 1,200 miners active as of Nov 15; capacity ~120 petahash; target 2,700 miners and 270 PH by year-end.
- Bought 400 S19J Pro and 200 S19XP miners; deployment expected by March 2023.
- SPAC LMAO merger with SeaStar Medical closed Oct 28, 2022 (post-period event).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640384/000095017022025412/0000950170-22-025412-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640384/000095017022025412/lmfa-20221118.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-025412

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer