---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-134614"
form_type: "8-K"
ticker: "LMFA"
cik: "0001640384"
company_name: "LM FUNDING AMERICA, INC."
filed_at: "2024-12-09T23:59:59+00:00"
generated_at: "2026-05-29T05:40:25.311120+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LM Funding closes $7.3M acquisition of 15MW Oklahoma mining site and raises $5.1M via warrant exercise

## Summary
- Acquired 15MW mining site in Oklahoma for $7.3M: $1.1M cash + $3.7M loan credit + $2.5M escrow for seller obligations.
- Site has 60MW potential with $0.04/kwh power; option to purchase underlying land after Dec 2026.
- Warrant exercise with institutional investor: 1.74M shares at $2.98, gross proceeds $5.1M; received new 5-year warrants at $2.95.
- New warrants for 3.47M shares; funds to buy more efficient miners and acquire additional sites.
- Company expects 562 petahash capacity at Oklahoma site in Q1 2025, addition to Core Scientific hosting.

## SEC filing metadata
- accession: 0000950170-24-134614
- form_type: 8-K
- ticker: LMFA
- cik: 0001640384
- company_name: LM FUNDING AMERICA, INC.
- filed_at: 2024-12-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 1.01, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1640384/000095017024134614/0000950170-24-134614-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1640384/000095017024134614/lmfa-20241209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-134614
- JSON: https://secwatch.observer/filing/0000950170-24-134614.json
- Plain text: https://secwatch.observer/filing/0000950170-24-134614.txt

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