---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-004240"
form_type: "8-K/A"
ticker: "LMFA"
cik: "0001640384"
company_name: "LM FUNDING AMERICA, INC."
filed_at: "2025-01-10T23:59:59+00:00"
generated_at: "2026-05-28T05:07:17.048535+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Acquired assets of 15MW mining site in Oklahoma for $7.3M; paid $1.1M cash, $3.7M credit against loans, $2.5M escrowed.
- Company now controls site with up to 60MW potential; expects to use full 15MW at $0.04/kWh.
- Gross proceeds of $5.1M from exercise of 1,736,370 existing warrants at $2.98/share; new warrants for 3,472,740 shares at $2.95/share.
- Acquisition funded by prior loans of $3.8M converted to credit; warrant proceeds for more efficient miners and site expansion.
- Q1 2025 combined mining capacity expected to reach 562 petahash at Oklahoma site plus Core Scientific hosted site.

## SEC filing metadata
- accession: 0000950170-25-004240
- form_type: 8-K/A
- ticker: LMFA
- cik: 0001640384
- company_name: LM FUNDING AMERICA, INC.
- filed_at: 2025-01-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1640384/000095017025004240/0000950170-25-004240-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1640384/000095017025004240/lmfa-20241206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-004240
- JSON: https://secwatch.observer/filing/0000950170-25-004240.json
- Plain text: https://secwatch.observer/filing/0000950170-25-004240.txt

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