---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-021975"
form_type: "8-K"
ticker: "LMFA"
cik: "0001640384"
company_name: "LM FUNDING AMERICA, INC."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:14:48.211291+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-021975
- form_type: 8-K
- ticker: LMFA
- cik: 0001640384
- company_name: LM FUNDING AMERICA, INC.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1640384/000095017023021975/0000950170-23-021975-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1640384/000095017023021975/lmfa-20230515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-021975
- JSON: https://secwatch.observer/filing/0000950170-23-021975.json
- Plain text: https://secwatch.observer/filing/0000950170-23-021975.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1640384/000095017023021975/0000950170-23-021975-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.