secwatch.observer — SEC 8-K summary
======================================

Issuer:     LM FUNDING AMERICA, INC. (LMFA)
CIK:        0001640384
Form:       8-K
Filed at:   2025-08-14T23:59:59+00:00
Accession:  0000950170-25-108425
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LM Funding Q2 net income $0.1M, mining margin 41%; signs $3.9M Mississippi site acquisition
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640384/000095017025108425/0000950170-25-108425-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640384/000095017025108425/lmfa-20250814.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-108425

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