PowerCompute unit secures $21.89M Bitcoin-backed loan from Arch Lending to refinance prior debt

LM FUNDING AMERICA, INC.

New Collar Loan: $21,892,131.88 principal, 6.5% APR, secured by 307 BTC; floor $71,112, ceiling $75,000, barrier $93,500.
Proceeds: ~$18.1M repaid Aug 3 Arch loan; $3.765M funded collar feature of that loan.
Loan auto-rolls every 30 days; rates/floors reset to market; 8-K says non-recourse, but agreement states full recourse.
Repayment: monthly interest-only payments of $118,582.38 beginning 09/24/26; balloon of $21,892,131.88 due 07/24/27.

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