secwatch.observer — SEC 8-K summary
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Issuer:     LM FUNDING AMERICA, INC. (LMFA)
CIK:        0001640384
Form:       8-K
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0000950170-25-071990
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LMFA Q1 2025 revenue $2.4M, net loss $5.4M; mined 24.3 BTC, mining margin 38.5%
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- Revenue $2.4M, up 19.4% sequentially, down 48.9% YoY; Bitcoin mining revenue $2.3M, up 25.3% sequentially.
- Net loss $5.4M and Core EBITDA loss $2.8M, driven by $1.8M non-cash Bitcoin fair-value write-down.
- Mined 24.3 Bitcoin at avg ~$93,500; held 160.2 BTC (Mar 31) and 148.7 BTC (~$15.5M) as of Apr 30.
- Mining margin improved to 38.5% from 31.2% Q4, aided by $150k curtailment/energy sales; April added ~$115k.
- Operating expenses cut 7.7% YoY to $2.0M; Oklahoma 2 MW immersion-cooling expansion targeted for Q3 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640384/000095017025071990/0000950170-25-071990-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640384/000095017025071990/lmfa-20250515.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-071990

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