earnings
confidence high
sentiment positive
materiality 0.70
LM Funding Q2 net income $0.1M, mining margin 41%; signs $3.9M Mississippi site acquisition
LM FUNDING AMERICA, INC.
2025-Q2 EPS reported
-$1.03
revenue$4,299,661
- Q2 revenue $1.9M, down 18.7% sequentially and 36% YoY; mined 18.4 BTC down 24.3% sequentially.
- GAAP net income $0.1M vs Q1 net loss $5.4M; Core EBITDA $2.6M driven by $3.8M gain on Bitcoin.
- Direct mining margin improved to 41.0% (Q1: 38.5%) on power sales and operational efficiencies.
- Held 150.4 BTC on July 31 valued at ~$18M (Aug 11 price); cash $0.4M as of June 30.
- Signed definitive agreement to acquire 11 MW Mississippi site from Greenidge for $3.9M cash; closing targeted by Sep 16, 2025.
item 2.02item 9.01