secwatch.observer — SEC 8-K summary
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Issuer:     LM FUNDING AMERICA, INC. (LMFA)
CIK:        0001640384
Form:       8-K
Filed at:   2026-08-14T10:57:43+00:00
Accession:  0001193125-26-350325
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PowerCompute Q2 2026: Revenue $2.1M (+9.8% YoY), Net Loss $4.6M, Refinances $18M Debt at 2% APR
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- Q2 revenue $2.1M, up 9.8% YoY; mined 27.9 BTC at avg $72k vs 26.1 BTC in Q1.
- Net loss $4.6M and Core EBITDA loss $2.8M vs Q2 2025 net income $0.1M and EBITDA income $2.6M.
- Refinanced $18M debt with Arch Lending at ~2% APR (30-day revolving, BTC collateral) vs 12% prior.
- Entered HPC/AI with Vast.ai proof-of-concept; rebranded to PowerCompute, ticker PWCM from July 22, 2026.
- Holdings: 318.6 BTC (~$18.6M at 6/30; ~$20.7M at 8/9/26); cash $0.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640384/000119312526350325/0001193125-26-350325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640384/000119312526350325/lmfa-20260814.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-350325

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