secwatch.observer — SEC 8-K summary
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Issuer:     LM FUNDING AMERICA, INC. (LMFA)
CIK:        0001640384
Form:       8-K/A
Filed at:   2025-01-10T23:59:59+00:00
Accession:  0000950170-25-004240
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640384/000095017025004240/0000950170-25-004240-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640384/000095017025004240/lmfa-20241206.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-004240

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