LM Funding America Inc (LMFA) News

The 10x sound Grand to Me, likey the SS
Wont take much to Lift pps , to bad i got caught in rs.

1 MW Container holds approximately 300 next generation BTC miners – $150,000 usd. Equipped with approximately 300 S19 Pro miners – $2,850,000 (assuming $9500/miner, these prices change often) Monthly managed OPEX cost – $34,560 per MW container.

15 MW plant with 4500 miners start up cost is $42.5M. Plus 8.5M in BTC on hand.

Functional 15 MW plant operating 4500 S19 miners plus bitcoin on hand, fair value about $50M.

Market cap $7M

10X inevitable.

One thing is certain...

Wallstreet gives 0 respect/credit to the management here!

New stats

2.6M raise
5M loan
2M in btc sales

Approximately 10M cash raised last couple of weeks. 130 btc worth 8M. Nearly 6000 miners (s19s)

Recent build outs of plants is 275-300k usd a Megawatt. Last btc miner purchase of s21s was 300 north of 1M usd.

Even with 10M liquid and 8M bitcoin, with the losses just from operations and paying executives/staff...this only buys time.

Need 10s of millions minimum to even make a dent in the space. If not 100s of millions.

I do expect a jump in the stock. Lots of new warrants now at 2.93 a share. The company will want/need the cash and the investor will want to cash some out.

Wouldn't be surprised to see double digits by year end.

Revenue estimate: 24 btc mined at 65k average - 1.56M. Avg btc was 53k first quarter and 65k second quarter. Between 130 (end of July) - 160 most of the quarter btc holdings. Not sure how that is calculated. Say 150 btc times 12k gain. 1.8M gain to offset operating costs

1.8M gain + 1.56M mined + Misc interest income on loans. Roughly 3.5M to offset expenses.

Payroll last period 1.2M
Depreciation 2.4M
Mining costs (was half of revenue) so 800k this period
Operating costs, sales, misc another 1.5M
Impairment charge 1M

Totals costs est 7M
Revenue and offset gain: 3.5M
Loss for quarter: 3.5M

Got a loan for 5M
Sold 35 btc for 60K to raise 2.3M
130 btc Holdings remaining 7.8M

Need major capital raise for operations and expansion. Btc mining got expensive in a hurry with the halving dropping rewards. Company was forced to sell nearly 25% of all holdings in a single quarter to maintain operations.

Building a 75mw plant is roughly 300k a MW

Build out will be 22M to maximize the capacity, without miners to occupy it.

May look rich in equity on the balance sheet and btc holdings, but this company needs cash in a hurry. Days are numbered..

Sell some bitcoin, stop lending out money, and start buying back the stock.

LMFA executives receive 50% and 55% bonuses compared to annual salaries while the stock is down 83% in 3 years and 90% in 5 years is another reason investors don't buy the stock.

They pay themselves on the backs of investors who are not reward...

Will it change? Or stay the same?

Interesting quarter.

Based on an average btc price of 67,500 for the period, even though btc mining was reduced due to the halving and moving mining perations...still reached 3M in revenue for the quarter. Revaluing btc holdings as additional income, btc had an average price of roughly +14,000 higher than last quarter. Times 160. Another 2.2M

Q3 should come in around 5.2-5.5M
Operating costs last quarter were about 4.3M
Estimated earnings for the quarter 1M
Added to last quarters 1.9M for the first 6 months of the year they have a GAAP profit of roughly 3M in 6 months. Market cap is less than 10M. Which is less than the amount of btc held in treasury.

Valuation does not take I to account the partnership of the new 15MW plant. The 5000+ miners that, according to online reports, thebs19s they have still operate at a profit when btc is above 54,000/coin.

The stock price is really limiting growth for thus company. Management is looking for a loan to acquire additional miners because at current levels, raising 5M would dilute ownership 50%.

When they raised 35-40M in 2021 they had nothing going on. Zero bitcoin. Zero miners. Some interest in Borqs (that went defunct). And a SPAC in the works but not yet allocated to. Company to bring public. However, valuation was nearly 100M at one point. 10x current levels.

They keep pointing out their company is worth $15-$16 a share book value. Announcing a share buy back and allocating a couple million to buying back shares would go a long way with this micro cap.

Microstrategy borrows 100s of millions to buy btc, why can't LMFA borrow or use some treasury to buy back it's own stock?

At least they could shoot for an offering down the road to expand. They just don't have any interest in the company from investors.

So they continue to chug along...printing money...paying themselves...with the miners investors funded 3 years ago...who are down 95%

Can they turn it around? Can they be trusted?

Time will tell.

Cheers.

Expecting news on the 15MW plant and the shift of 3000 miners to the site. BTC production was probably at a minimum transitioning the miners to the new site. Estimating maybe only 10 were mined last month as they made the transition.

I suspect the plant and mining operations update will be combined in the same PR within the next few trading sessions.

The ICU position for the company is also looking very good. Their recent offering funds their commercialization rollout of recently approved products.

Both RS have been completed. Seems like the bottoms were established earlier this year.

See how they perform in the upcoming weeks/months ahead..

Cheers.

This is interesting after reading about it.

1.5M loan given to a company in live stock and furs at a good APR

2.5M loan given to a company to build out a btc hosting center.

4.5M in revenue last Q at 53k a btc. After halving Q2 maybe 58 btc minted. Still around 4M at 68k a coin average. Two new loans say 12% on 4M. Another 40k a month in interest income. Starting June....3000 miners operating at cost at 15mw plant, loan secured with company assets...

Balance sheet appears to have 2M in liabilities. Nearly 40M in assets. Consisting of btc (11M) btc miners (20M after depreciation), AR in notes to the above mentioned companies, and Misc.

Through their SPAC they took ICU public...and looks like they own nearly 6 million warrants still and about 3% of the company in common shares. ICU has moved from $2s to nearly $8 this week. Warrants moving much much higher as well...

Furthermore, it appears the CFO and CEO purchased options at $30 a share here. They spent maybe 100k usd each on those rights.

Lastly, the RS and recent run in stock price has it at or above $5. Making it available for more funds and traders...

They plan on closing on a 15mw plant by month end. Sights on a 60mw plant. Each mw is about 275,000 usd to bring online. So maybe 12M usd is needed for 60mw. Maybe new s21 miners to occupy it. Their offering in 2021/2022 was around 35M. They eventually got delivered and running about 6k miners. 3k of those are going to the 15mw plant in July. What would go in the 60mw? Hosting? Own miners? Unclear.

Own miners they would need another 20M for purchasing them and working capital. With the new plant, 30-40M capital raise minimum to expand btc operations. With a 12M market cap? Doesn't sound possible. Unless shares rise to the 30 range for a 70M cap. Then it's more than reasonable.

Seems to be alot of meat on this bone. Unfortunately the street isn't convinced on the management, excessive operating costs primarily salaries and SGA, may have a sour taste in its mouth from the last raise, the -90% return, and enriching themselves on the execution of the plan vs rewarding shareholders that provided the funding.

Maybe they'll look to increase shareholder value this time. They have been living very well since the miners went online...but will they take it to the next level? History has said they do not...but it may be time.

I suspect a capital raise this year after a stock run up.

Management has to show some returns to investors to be rewarded with another hefty raise. Maybe they redeem themselves this year..

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

GO CUBBIES @ rEDDs $$LMFA

Like to see the 20’s fell asleep holding pre split. Back in the Green

Big news out today for sure! Heading north of $20 with the completion of the expansion!

Easy buy and hold! I even grabbed more today too. Very happy with my large position here!

Yes Yes keep thee Press Rollin

Up up and away!!! Simply printing money here!

Definitely some upside for this one!

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

Good luck with that short! Another +14.07% today. And still massively undervalued by many market standards.

It's energy intensive and no need. Technology has evolved. Samething can be done without mining.

But mining is going bye bye… the blockchain has evolved.

You mean its been criminalized. Part of what makes the Bitcoin blockchain so safe is the mining process. And across the world, governments are getting on board, because of the mining process. That wont be going away. Not in our lifetime. And after all 21M coins are mined(predicted to be in 2140), there will still be fees gathered by the former miners.
But nice try. Please wait to cover that short. Let them burn higher!

But mining is going bye bye. This will be a great short one day. All miners will be! Bitcoin is equivalent to the 8 track. A relic. Blockchain has evolved. No need for mining any-longer.

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

So true. Look at the numbers they are putting up with 2.4m float. Its actually funny that people are selling stock at $3.25 when its worth minimum of $5.00 book value just on the Bitcoin alone.

They are just prinitng money. Easy buy and hold. At least for me. Been loading and loading! Might be time to get that megaphone out about this one!

$LMFA little Bitcoin mining giant in the making!

Take a look at their books, they have only been mining a year and a half basically and they are sitting on 165 Bitcoin..

10Q looks good ,

Big moves afterhours! Go Baby Go!

Strapped in and ready!

Added this am

LMFA: effective March 12,2024 a one for 6 reverse split:

https://hedgefollow.com/upcoming-stock-splits.php

Who doesnt love when a stock they are obsessed with, gets cheaper?

Bitcoin crosses $57,000

What a great time to be significantly ramping up mining. Go LMFA!

Seriously undervalued here. Smelling north of $3 come fall!

Some serious upside potential here. Been loading quietly.

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

So i end up buyn some anyway….For the Ride …rs or not

Bruce M. Rodgers, Chairman and CEO of LM Funding, stated, "We continue to make steady progress in our Bitcoin mining operations. In the fourth quarter alone, we mined 108.0 Bitcoin. Over the same time period, the Company sold 103.0 Bitcoin, generating approximately $3.4 million in proceeds. We continue to strategically reinvest the proceeds of our Bitcoin sales back into the business as we position the Company for the upcoming Bitcoin halving event anticipated to occur during the first half of 2024."

The Company estimates the value of its 95.1 Bitcoin holdings were approximately $4.0 million as of December 31, 2023.

Ah duh i misread , ok so not my cup a tea glta hope for best to holders

Did they pass it ,

LMFA new 52 week low

RS VOTE 11/9 To approve an amendment (in the event it is deemed by the Company’s
Board of Directors to be advisable) to the Company’s Certificate of
Incorporation, as amended, in the form attached to the proxy
statement as Appendix A, to effect a reverse stock split of our
issued and outstanding shares of common stock at an exchange ratio
ranging from one-for-two (1:2) to one-for-ten (1:10), with the
exact ratio to be determined by our Board of Directors;
and

To those watching this stock, are any of you shareholders of record as of September 15, 2023? Have you voted yet? I highly HIGHLY recommend voting against Bruce Rodgers and Carolinn Gould being appointed to the board of directors. I also highly recommend voting against the reverse stock split. If you have not voted, you can vote at proxyvote.com. If you already voted, you can still vote at proxyvote.com and change your vote. Your broker should have given you a control number when they originally sent the message about the most recent proxy statement. You will need that control number to vote.

Don’t blink

LMFA new 52 week low

Good morning!
Bought some $LMFA

two more that may move-- FTFT 1.00 -- LMFA-.48---- .LGHL 1.10

WOOHOOOOOO LMFA$BITCOIN Going to the SAFEMOON

get ready! IMO run tomorrow

WTF

LMFA💫 $.45 I’m back in 🤣😂🤣