---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-125982"
form_type: "8-K"
ticker: "LMFA"
cik: "0001640384"
company_name: "LM FUNDING AMERICA, INC."
filed_at: "2024-11-13T23:59:59+00:00"
generated_at: "2026-05-30T00:57:13.327636+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-125982
- form_type: 8-K
- ticker: LMFA
- cik: 0001640384
- company_name: LM FUNDING AMERICA, INC.
- filed_at: 2024-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1640384/000095017024125982/0000950170-24-125982-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1640384/000095017024125982/lmfa-20241113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-125982
- JSON: https://secwatch.observer/filing/0000950170-24-125982.json
- Plain text: https://secwatch.observer/filing/0000950170-24-125982.txt

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