other material
confidence high
sentiment neutral
materiality 0.65
LM Funding mined 6.6 Bitcoin in April, down from 8.7 in March; HODL 148.7 BTC valued at $14.1M
LM FUNDING AMERICA, INC.
- April net Bitcoin mined 6.6 (vs 8.7 in March, 7.6 in Feb); sold 18.0 Bitcoin during month.
- 148.7 BTC held as of April 30 valued at ~$14.1M ($2.75/share) vs stock price $1.49.
- Relocating 800 machines to Oklahoma site; ordered two 1 MW immersion containers for 2 MW expansion.
- Oklahoma site generated ~$120k in power sales offsetting mining costs; sold recently acquired S21+ miners to recover investment.
- Company plans to complete 2 MW expansion by end of Q3 2025.