LM Funding Q1 revenue surges 1,100% to $2.3M; mined 91.7 Bitcoin

LM FUNDING AMERICA, INC.

2023-Q1 EPS reported -$0.41 revenue$2,313,518

Total revenue $2.3M vs $0.2M Q1 2022; digital mining revenue $2.1M from Bitcoin mining.
Mined 91.7 Bitcoin in Q1 at avg $22,800; held ~84 Bitcoin worth $1.8M as of March 31.
Net loss $5.4M included $5.8M non-cash unrealized loss; Core EBITDA loss improved to -$0.3M.
Operational: ~3,700 miners at quarter end; now ~5,000 with 520 PH/s; added 1,080 more via GIGA Energy.
Working capital $4.6M; stockholders' equity $44.0M ($3.36 per share) as of March 31.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

LM FUNDING AMERICA, INC. reported the quarter ended March 31, 2023 results: revenue Total revenue ... was approximately $2.3 million, net income Net loss ... was approximately $5.4 million.

Period: the quarter ended March 31, 2023
Revenue: Total revenue ... was approximately $2.3 million
Net income: Net loss ... was approximately $5.4 million
Result: reported results

Exact text from the filing

we believe will generate significant value for our shareholders in the long term.” Financial Highlights • Total revenue for the quarter ended March 31, 2023, was approximately $2.3 million, an increase of $2.1 million, or more than 1,100%, from $0.2 million for the 2022 first quarter. The increase was primarily due to digital mining revenue of $2.1 million in

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Source: SEC EDGAR

accession 0000950170-23-021975

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