secwatch.observer — SEC 8-K summary
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Issuer:     LM FUNDING AMERICA, INC. (LMFA)
CIK:        0001640384
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0000950170-23-021975
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640384/000095017023021975/0000950170-23-021975-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640384/000095017023021975/lmfa-20230515.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-021975

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