secwatch.observer — SEC 8-K summary
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Issuer:     LM FUNDING AMERICA, INC. (LMFA)
CIK:        0001640384
Form:       8-K
Filed at:   2026-09-30T12:30:20+00:00
Accession:  0001193125-26-408391
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640384/000119312526408391/0001193125-26-408391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640384/000119312526408391/lmfa-20260924.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-408391

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