---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-408391"
form_type: "8-K"
ticker: "LMFA"
cik: "0001640384"
company_name: "LM FUNDING AMERICA, INC."
filed_at: "2026-09-30T12:30:20+00:00"
generated_at: "2026-10-12T13:58:36.524225+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PowerCompute repays $22.45M Arch Bitcoin-backed loan; secured debt cut 94% to ~$1.25M

## Summary
- Arch sold ~267.3 of the 307 pledged Bitcoin at the Sept 24, 2026 reset to cover $21,892,132 principal, $118,582 accrued interest and a $440,122 fee; ~39.6 BTC (~$3.3M) returned.
- Total secured debt fell from ~$19.4M at June 30, 2026 to ~$1.25M (~94%); the remainder is a single secured promissory note maturing December 31, 2026, none Bitcoin-backed.
- PowerCompute held ~62 Bitcoin (~$5.2M at ~$84,500 per BTC) as of September 25, 2026; annual interest expense on remaining secured debt is ~$140 thousand.
- Columbus, MS deployment across 3.5 MW of owned, unenergized capacity plus Calumet, OK fleet upgrades should lift hash rate from ~763 PH/s (Aug 31) to ~964 PH/s, up ~21%.
- CEO Bruce M. Rodgers said the company will stop pursuing a leveraged Bitcoin treasury strategy and focus on its 26 MW of owned capacity (15 MW Calumet, 11 MW Columbus) at ~3.3 cents/kWh.

## SEC filing metadata
- accession: 0001193125-26-408391
- form_type: 8-K
- ticker: LMFA
- cik: 0001640384
- company_name: LM FUNDING AMERICA, INC.
- filed_at: 2026-09-30T12:30:20+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1640384/000119312526408391/0001193125-26-408391-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1640384/000119312526408391/lmfa-20260924.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-408391
- JSON: https://secwatch.observer/filing/0001193125-26-408391.json
- Plain text: https://secwatch.observer/filing/0001193125-26-408391.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.