LM Funding America Inc (LMFA) News

Lmfa shareholder return as of 6/11/25

Return

1 day
-3.17%

5day
-8.04%

1 month
-3.68%

6 months
-36.9%

1 year
-63.76%

5 year
-94.08%

ALL TIME
-99.93%

Meaning if you invested $1,000,000 into LMFA 10 years ago, management has turned that $1M into $700.

They talk about creating shareholder value every month in their PR update.

-99.93% return for shareholders last 10 years.

I love how they mention shareholders like they are important to the company in the PR.

This company has never created shareholder value, ever.

-99.9% all time

-95% last 4 years.

Accumulated deficit is how many 100s of millions?

Looks like they sold BTC June 1st...or spent the cash liquidating those 300 s21s to stay afloat in May.

Split adjusted - this stock was trading at $40-$45 a share when bitcoin was about $40,000 a coin.

Btc has since gone up 270%

This stock is -95%

Management takes the $ and pockets it.

Living large in mansions.

Lmfa has lost 100-200M probably since inception.

The PR coming will look something like this:

BTC mined 8
BTC sold 20

Net BTC holdings 136
Total $ in BTC - $14.4M

Will OMIT that $5M in debt is tied to that 14.4M

Will OMIT the 1M cash on hand at the end of Q1 is gone, the net -12 BTC at the end of April for operations is gone, and the $1M cash they have from May liquidations will get them through June until they have to sell another 20 BTC this month to fund operations.

Without dilution and warrant exercise for millions of more shares - LMFA will be down to about 124BTC by 6.30 in which 5,000,000 worth is tied to debt.

A 1:1 ratio btc held to market cap (net collaterized btc for debt) would be about 8M and will continue to drop until dilution occurs.

I wouldn't be surprised to see another RS by year end after millions of shares.

I am unsure if it's 3M shares or 5M shares.

Shares will go from 5M+ to 8-10M. Meaning shares will eventually settle back under a dollar like they have many, many times under this management over the years. Another RS will occur to avoid delisting, and the show goes on.

How much has this ticker lost accumulated? 100s of millions?

It will never change.

💩

They had 148 April 30th, and they had to sell over 18 and only generated 6.6

In March they also sold 14 - because they are out of money.

$5,000,000 of btc is pledged for a loan, so technically, 50 btc are not there's but an investors.

I would suspect they sold another 18-20 during May and produced maybe 8. So let's say a net -10 in May. Meaning they have 138 btc - 50 held as collateral and loaned against, so 88 total.

Gives them a 1:1 ratio for market cap and bitcoin held. They keep saying they have X amount of bitcoin, but always leave out they borrowed millions against those holdings and its being used as collateral.

Bottom line, this company is broke and liquidati g bitcoin at a rapid pace to pay their fat salaries and operating expenses.

With millions in warrants executable at $3, and a planned expansion of 2MW at the operating site to be completed by 9.30 - there will be massive dilution in the $3-$4 range.

Couple million will go to the expansion. The remaining $7M will go to operations and paying their salaries.

This stock tops out under $4 this year. And will be back at the $1 range after the warrant exercise and cash grab is completed.

Not looking good.

When they report May liquidations and mining results next week or so this will drop 30%.

Always does. Because it always disappoints!

💩

They have ~150 bitcoins which at a $100,000 bitcoin price is $15,000,000. Yet the market cap of the company is only 8-10 million. Undervalued company which has an operating business in mining bitcoin too. Stock should be $4-5 IMO

Carrying cost per btc on the annual report is 65k. If they minted 24 in q1 the cost to acquire them was 1.56M. Payroll, selling and general administrative costs, and professional fees were over 7M last year. Or roughly 600k per month on average.

1.56M in btc acquisition costs + 1.8M in payroll, fees, general etc is 3.36M cash burn q1. Basically their entire stock pile as of December 31.

They liquidated 14btc in March because cash is nearing zero to add 1.2M in cash to fund mining and salaries.

3.4M in cash december 31, less 3.36M in operating costs (easily) for btc mining and payroll etc is 0. Add in the btc selling of 14 in March gives you 1.2M as of April 1st.

Cash burn at mining about 2.25 btc a week times 65k is 145,000 or so, or 600k a month. Salaries etc are 600k a month. At this rate it is impossible to HODL because if they kept the btc they mined they would have $0 by the end of April. They would of had $0 at the end of March if they didn't sell 14 btc imo.
Not to mention payments on loans and every dollar of costs outside of these main items.

This company is in a very tough spot at these btc prices. A capital raise or loan of some some is imminent to avoid forced liquidation of btc holdings.

And since the btc drop, 62.5 btc is pledged on the loan they took out. After selling 14 in March, and pledging 5M worth (62.5 at current prices). They really only have about 90 to convert into cash at the moment.

In summary - they produce about half the btc they need to break even at current levels.

With such a small market cap they can't do a typical offering. So something is going to give really soon....

Looking bad..

24 btc mined in Q1. Barely covering salaries for the quarter (reported 1.9M in quarter 4).

LMFA sold 14.2 btc in March. Meaning they are running out of cash and selling as soon as they are minted recently.

Dilution coming or more btc liquidations

Split adjusted from their offering in 2021 for $6/share is 17 cents/share. -97.3%

6-1 reverse split recently to attact "institutional buyers"

Did another offering for $3 a share recently. -67% in weeks.

Share price is barely clinging onto $1/share this morning. While management has gotten massive raises and bonuses along the way. Making more in 2024 than the entire market value of the company in salaries when including professional fees.

3.9M in cash. 15M in bitcoin.

900 grand in q4 to pay 9 people.

0 dollars to buy back stock at 1.25 a share with a presented book value over over 7 dollars.

This has to go to $60/share for investors to recoup the -96% in losses for the 35M in mining machines that they've used to pay themselves 5M a year (plus bonuses) to operate ever since.

LMFA return on investment

1 day return: -8%
5 day return: -14%
30 day return: -32%
6 month return: -48%
1 year return: -63%
5 year return: -95%
All time return: -99.95%

Since September:

BTC + 65%
LMFA -50%

Split adjusted, the offering in 2021 is down 97%

Investors from 2021 are down 97%

The 8 people running this company make nearly as much annually as the entire market value of the company itself.

Staff and payroll costs for 7-8 people for 9 months ending 9/30/24 was 3.7M

That's 41,111 - 58,700/month per employee.

That's roughly 5M a year for 7-8 employees operating a company with a market cap value of 7.5M. That doesn't include lofty bonuses paid in December.

If you average up and say they will mine 10 btc a month with the addition of the 15MW plant and enhanced software, at 90,000 a coin that's 10.8M/year.

Not including bonuses, payroll alone for 7-8 people is 5M a year. New top line revenue projections are 9M a year at current market prices. Payroll not including lofty bonuses is 46% of every dollar mined. Add in 1.6M through 9 months for "professional services" wages and 1099 costs, without adding a single dollar to professional fees for the last quarter, is 6.6M a year.

61.1% of projected TOP LINE revenue is for wages of 7-8 people and professional fees.

Last checked, and this could be wrong, but energy to mine a BTC was roughly 40,000 on a s19.

10 btc per month times 12 months is 120 btc. Times 40k energy costs = 4.8M

4.8M + 5M in wages + 1.6M in professional fees = 11.4M. Top line projections on the generous side 2025 are 10.8M.

Add in all other operating costs, another 7M in Depreciation expense on the miners, 2025 is looking like another massive loss for shareholders.

But the 7-8 people running it will still get their 5M a year.

This is why no one buys their stock. They are fleecing the company for every dollar internally with no indication of creating value or profits for shareholders both near and long term. With no plan or mention on how they would do it except more acquisitions. Which would require more capital. More dilution. More reverse splits, and more losses on top of the nearly 100M this group has burned through over the years to get to this point.

Not looking good. They are barely holding onto NasdaqCM requirements now as it is to stay listed as well while the stock sits at all time decade lows.

While the 8 employees living lavishly.

They keep reporting we have 15M in btc. But fail to mention 5M is collateral for debt and basically signed over all rights and "first in line" and to the assets to 1 private investor for the entire company if it fails.

Entire company is an insider job. Should not be public. Markets are just used to fleece the public.

Down 99.97% all time, and still listed.

Why sell 365 bitcoin miners for 79k when they are on the books for 1.3M?

In order to accommodate an expected incoming shipment of S21 mining machines in April 2024, management identified 365 mining machines at a Core hosting facility that would require relocation. As part of its impairment testing management considered the possible cashflows and probabilities associated with the relocation and continued use of 365 mining machines at a separate hosting facility location and the potential sale of such assets to a third-party. Based on the assessment performed, management concluded a sale was probable and an impairment of $1.2 million on the mining machines was recorded during the first quarter, which was calculated as the net carrying value of the 365 mining machines of $1.3 million less the expected sales price of $79 thousand. A loss was recorded on the Consolidated Statements of Operations as "Impairment loss on mining equipment" for the three and nine months ended September 30, 2024 of nil and $1.2 million, respectively.

On April 16, 2024, the 365 mining machines were sold to a third-party for $79 thousand. There was no additional loss recognized upon the asset sale

The Nasdaq Capital Market (Nasdaq-CM) is one of three listing tiers on the Nasdaq exchange, specifically for companies that need to raise capital.
Companies listed here may be small companies with a need to grow capital or shell corporations designed to raise capital in public markets for the purpose of acquiring other business entities.
Companies that don't qualify for the Nasdaq National Market trade on Nasdaq-CM.
Nasdaq Capital Market companies are required to meet a net income standard of at least $750,000, a minimum public float of 1,000,000 shares, at least 300 shareholders, and a share bid price of at least $4 (with certain exceptions).

All the standards share some requirements such as one million publicly held shares, 300 shareholders, and three market makers (MMs). However, these also differ in important ways. The equity standard requires stockholders' equity of $5 million, where the other two require only $4 million, and it also requires an operating history of two years, while the other two do not require an operating history.

The market value of listed securities requires a market value of listed securities of $50 million and a market value of publicly held shares of $15 million. The net income standard is the only one requiring a net income, $750,000 in the latest fiscal year or in two of the last three years, but has the lowest requirement for market value of publicly held shares at $5 million.

Need another RS. Already

-99.93% all time. Time for a new ceo.

The cfo has stopped selling shares biweekly..

Funny Maxim is hosting LMFA in some type of investment opportunity tomorrow.

When in October 2021 they sold shares of lmfa for 4.75 a share. Split adjusted, less than 4 years later, those shares are now worth 30 cents.

The shares Maxim sold lost 94 cents on the dollar, down 94% during the biggest bull run for stocks in the history of mankind

In October 2021 BTC was 44k. If they took that 30M and invested it in BTC, they would of had 681 BTC and the value today would be 68.1M

Instead, they have 158 valued at 16M, mainly all collateral with debt, and a 9M enterprise market cap.

Ouch.

LMFA.............................https://stockcharts.com/h-sc/ui?s=LMFA&p=W&b=5&g=0&id=p86431144783

All i can see is a small farm in rural area

I posted the address of the new plant on the board. When u google it it's basically a mini power plant facility. With many lines moving through the property to power everything.


Not sure if there is a way to share Google earth bird view or street view of the facility. But it's big.

Alot going on at that property. This miner going big time in a hurry now.

Address of 15MW plant

18875 Highway 270 West, Calumet, OK 73014

You can see the structures, power lines, etc. Looks like a mini power plant complex.

The new site was purchased by:

US DIGITAL MINING AND HOSTING OKLAHOMA LLC

Not sure how much ownership LMFA has or what the structure is.

New all time low today? Wow.

At least lmfa executive pay is at all time highs.

January news expected:

1. December mining results
2. Confirmation the tenants occupying 5MW in the new 15MW plant have vacated (deadline is January 10th)
3. Energizing if an additional 2250 machines that have been in storage

February news expected:
1. January mining results
2. Q4 and YTD financial results
A) Includes a gain on 142 btc holdings
increasing value of $40-45,000 per coin,
roughly 6M USD in revenue
B) Plus 20 btc mined, 2.M USD
C) Roughly 8M in revenue for Q4 expected

Moving forward with current machines fully energized, expected roughly 40-50 BTC mined per quarter with reduced costs associated with mining.

"Operating" profitability will be reached in 2025.

Stock - 52W Low.

Executives pay doubled

Warrant holder tax harvesting...

Stock 52W low

Salaries/bonuses doubled.

Adding anything under $2.75! What a gift!

Name and Principal Position Year ($) ($) ($) ($) ($)(1) ($)
Bruce Rodgers
2023 $ 825,000 $ - $ 488,345 $ 356,503 $ 24,860 $ 1,694,708
Chairman, CEO and President
2022 $ 750,000 $ - $ - $ - $ 10,571 $ 760,571
Richard Russell
2023 $ 550,000 $ - $ 488,345 $ 356,503 $ 48,467 $ 1,443,315
Chief Financial Officer
2022 $ 500,000 $ - $ - $ - $ 32,559 $ 532,559
Ryan Duran 2023
$ 192,500 $ - $ 122,086 $ 89,126 $ 40,217 $ 443,929
Vice President of Operations
2022 $ 175,000 $ 75,000 $ - $ - $ 32,559 $ 282,559
(1) These amounts consist of health insurance premiums, dental & vision insurance premiums paid by the Company in excess of non-executive contribution and 401K Company match.

This stock is set up to make 1 person wealthy. The one that received 500k common, 1.7M warrants, and 3.4M warrants at $3

When the share structure was 2.2M to begin with.

Should just go private. If they invested the 35M in 2021 in btc it'd be worth over 150M.

Instead they have what they have and worth 90% less, 15.

Another weak management team with poor execution.

Dead money.

3.4M more. Ouch

5.1M in proceeds for 3.4M in shares.

Definately had bad timing and short changed themselves. Options were written when btc was 60 not 100.

That's why its not moving.

An investor got 3.4M share rights for 5.1M usd. What they plan to do with them will be up to them. I'm assuming Maxim will receive a set amount they want to sell or an amount of USD they want to recoup and potentially hold the rest as an investment.

Or sell them all and crash the share price. Divided out if they pay 5.1M to LMFA they own those 3.4M share rights at only about 1.495/share.

Could of done way better!

New shares structure roughly 6.8M shares.

Company has another 5.1M in cash. Plus the millions on the balance sheet, plus the 15M in bitcoin, the 15MW mining facility, and 6000 s19 and s21 miners.

When they are fully operational in January they should mine about 15 BTC a month. Or about 1.5M usd at current levels, 4.5M a quarter, 18M a year.

Mining costs are roughly half of the value. So 9M. Plus 5M in operations, salaries, etc.

2025 without any change in btc price should be about 4M before interest Depreciation and taxes etc.

About .80/share.

6.5m times 3 dollars a share = 19.5M market cap. Trading at 5x forward earnings (2025).

Dilution continues..

Its odd crypto all tripled and that's literally all this company does. Tech company's get rewarded for sourcing cheap energy, they have done that too with the new plant in Texas.

Re-evaluation is imminent. Will happen quickly when it does.

Management definately short changed themselves. Borrowed 5M and raised another 3 with common and warrant options at a depressed cheap price. Rigs are still offline with btc at 100k.

A capital raise like 2021 for nearly 40M should of been very simple. They need to focus on stock price and raising the market cap for access to capital vs sucking out all the cash to pay executives as #1 priority when a btc gets minted.

They are still operating like a small timer and that is why they get no respect from the market.

I suspect dilution until that 1.7M in warrants are converted and sold as common. Until that ends it will remain around $3 share. Exercise price is 2.98

New filing

Notice of effectiveness filed S-3 for LMFA

A "Notice of Effectiveness S-3" refers to a notification from the Securities and Exchange Commission (SEC) that a company's Form S-3 registration statement, used for shelf offerings of securities, has become effective, meaning the company is now permitted to sell the registered securities to the public whenever they choose within the shelf registration period; essentially, it signifies that the SEC has reviewed and approved the company's offering details and the securities can be sold immediately upon filing a prospectus supplement with specific offering terms.

After the shareholder meeting volume has been elevated. The last round of funding was 550k shares or so plus 1.7M in warrants that can be exercised at 2.98

Since 1.7M was more than 19.99% of shares outstanding it needed approval. It got approval at that meeting.

Liquidity is being added with these warrants converting into shares. If they exercise all of them outstanding shares will be about 5M.

That is why the Share price has not been heading higher.

Nice Bitcoin miner low floater when they feel like it passes $3.61 resistance goes to $5 next 

Loading heavy here :) gonna be a good start to 2025 with this one 💪

The registrant had 3,397,042 shares of Common Stock, par value $0.001 per share, outstanding as of November 13, 2024.

Times $2.65/share = $9,002,161 market cap.

I suspect it's now over 4M outstanding. This is based on the approval of the warrant exercising and the additional volume of trading last week.

If all warrants exercise, total shares outstanding will be just over 5M shares.

The stock is being shorted and shares will be covered with the exercised warrants. It's why shorted shares have exploded this week. The new 10% owner (6B hedge fund) and Maxim are probably the guilty parties.

The MM is making $ on the way down. When finished they will make it on the way up.

If all warrants are converted, outstanding shares will move from 2.7M to about 4.5M shares.

LMFA will have received another 6M in cash.

It is safe to say they will have about 24M in cash and BTC to start 2025. Less roughly 4M to pay off the 15MW plant. 20M

4.5M shares times 2.50 a share is 11.25M market cap right now. So it's not as low as some appear.

They have been diluting all week. But cap is still around 50% BTC + Cash based on new developments.

IMO they short changed themselves not anticipating this giant move in BTC so early. Regardless, they are set up very nicely for 2025.

BTCT probably has no cash, last report they had less than 1M in bitcoin, and no 15MW plant. Not to mention a shady Chinese company.

You can read online that to build 1MW from scratch and provide 300 miners for that MW to power and mine...it costs roughly 2.5M USD

Times 15. 100% owned and paid for.

The reason it's falling is because a warrant holder is executing at 2.98

They are raising more $. Should have another 5,000,000 soon. They had a shareholder meeting Friday and the execution of up to 1.7M warrants was approved.

Lmfa will head into the weekend another 5M cash on hand. A PR of the closing of warrants and cash raised will follow I presume.

Estimating they will have north of 20M cash and bitcoin on hand.

1 MW Container holds approximately 300 next generation BTC miners. A MW buildout can run 250,000-750,00 depending on equipment and contractors.

Equipped with approximately 300 S19 Pro miners – $2,850,000 - $3,250,000 (assuming $9500/miner, these prices change often)

Monthly managed OPEX cost – $34,560 (300 miners x .05 cents x 3.2kw x 24 hours x 30 days/month)

LMFA has the miners. Now has the 15MW operations (just have to swap out the current partners miners with their own once they vacate) it's safe to assume 3M times 15 = 45M facility which includes the miners.

I repeat.

$45,000,000

All miners paid in full. 15MW facility paid in full in January. The balance due is a fraction of cash and BTC on hand.

This is beyond dirt cheap.

500X the intrinsic value of BTCT. All smoke and mirrors over there. .0001/share inevitable with that one.

Thats exactly how I see it. Been loading and loading. Looks like go time is finally here!

LMFA Long and Strong!