LM Funding America, Inc. Reports Financial Results and Provides Business Update for the Third Quarter of 2024
LM Funding America, Inc. (LMFA)
US:NASDAQ Investor Relations:
ir.lmfunding.com/investor-overview
Company Research
Source: GlobeNewswire
TAMPA, Fla., Nov. 13, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, today provided a business update and reported financial results for the three and nine months ended September 30, 2024. Financial highlights Held 142.3 Bitcoin on September 30, 2024, Valued at Approximately $12.4 Million Based on Recent Bitcoin Price of $87,000Digital mining cost of revenues (exclusive of depreciation and amortization) as a percentage of digital mining revenues showed substantial improvement versus the prior year quarter. CEO commentary Bruce Rodgers, Chairman and CEO of LM Funding, remarked, "Following the April halving event, we initiated a vertical integration strategy, focusing on locations with low-cost power and strong expansion potential. We are committed to identifying cost-effective sites that will enable the Company to drive growth and increase shareholder value.
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LMFA
Sec Filings
- 11/13/24 - Form 8-K
- 11/13/24 - Form EFFECT
- 11/12/24 - Form 8-K
- LMFA's page on the SEC website