secwatch.observer — SEC 8-K summary
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Issuer:     LM FUNDING AMERICA, INC. (LMFA)
CIK:        0001640384
Form:       8-K
Filed at:   2024-11-18T23:59:59+00:00
Accession:  0000950170-24-128079
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LM Funding agrees to acquire 15MW Oklahoma mining site for $7.3M; expects Dec 2024 close
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- Purchase price $7.3M: $1.1M cash, $3.7M credit against prior loans, $2.5M escrow for third-party miner exit.
- Company lent additional $0.7M to seller at signing; aggregate loans total $3.7M.
- Acquisition includes air-cooled GIGA containers, transformers, infrastructure; site currently hosts 10MW of LMFA miners.
- Post-close, LMFA plans to deploy ~800 S21/XP and 640 S19J Pro miners; third-party vacated by Jan 2025.
- CEO Rodgers says acquisition is 'pivotal first step' toward vertical integration in Bitcoin mining.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640384/000095017024128079/0000950170-24-128079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640384/000095017024128079/lmfa-20241114.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-128079

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