LMFA Q3 net loss $6.4M; Bitcoin mining revenue falls to $1.1M from $3.3M YoY

LM FUNDING AMERICA, INC.

2024-Q3 EPS reported -$4.35 revenue$9,014,424

Total revenue $1.3M, down from $3.4M YoY; Bitcoin mining $1.1M (18.5 BTC mined) vs $3.3M.
Net loss attributable to shareholders $6.4M, including $1.7M deemed dividends from warrant repricing.
Held 142.3 Bitcoin as of Sep 30, valued ~$12.4M at $87,000 BTC price on Nov 11.
Gross mining margin improved to 35% from 18% YoY via vertical integration with low-cost power ($0.3-0.5 cents/MW).
Ryan Duran appointed president of US Digital Mining and Hosting subsidiary.

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