---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-038884"
form_type: "8-K"
ticker: "LMFA"
cik: "0001640384"
company_name: "LM FUNDING AMERICA, INC."
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:42:00.875431+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# LM Funding America reports 648% revenue growth to $13.0M; mined 423.4 Bitcoin in 2023

## Summary
- Full-year 2023 revenue $13.0M vs $1.7M in 2022, driven by $12.3M digital mining revenue.
- Mined 423.4 Bitcoin in 2023; held 153.6 BTC on Feb 29, 2024 valued at ~$10.8M at $70,000/BTC.
- Q4 2023 net loss $1.6M (improved from $19.7M loss in Q4 2022); positive Core EBITDA $0.3M.
- Working capital $7.4M; stockholders' equity $36.2M or $14.52 per share as of Dec 31, 2023.
- Company adopted 'Infrastructure Light' strategy; optimistic about Bitcoin halving expected Apr/May 2024.

## SEC filing metadata
- accession: 0000950170-24-038884
- form_type: 8-K
- ticker: LMFA
- cik: 0001640384
- company_name: LM FUNDING AMERICA, INC.
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1640384/000095017024038884/0000950170-24-038884-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1640384/000095017024038884/lmfa-20240401.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-038884
- JSON: https://secwatch.observer/filing/0000950170-24-038884.json
- Plain text: https://secwatch.observer/filing/0000950170-24-038884.txt

## Key facts
- Earnings Releases
  LM FUNDING AMERICA, INC. reported the fourth quarter ended December 31, 2023 results: revenue approximately $4.1 million, net income approximately $1.6 million.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: approximately $4.1 million
  - Net income: approximately $1.6 million
  - Result: reported results
  source text: Total revenue for the fourth quarter ended December 31, 2023, was approximately $4.1 million, an increase of $2.9 million, or approximately 262%, compared to $1.1 million for the fourth quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1640384/000095017024038884/0000950170-24-038884-index.htm
- Earnings Releases
  LM FUNDING AMERICA, INC. reported the year ended December 31, 2023 results: revenue approximately $13.0 million, net income approximately $15.9 million.
  - Period: the year ended December 31, 2023
  - Revenue: approximately $13.0 million
  - Net income: approximately $15.9 million
  - Result: reported results
  source text: Total revenue for the year ended December 31, 2023, was approximately $13.0 million, an increase of $11.3 million, or more than 648%, from $1.7 million in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1640384/000095017024038884/0000950170-24-038884-index.htm

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