LM Funding America, Inc.’s Bitcoin Holdings Valued at $15.0 Million in Monthly Update
LM Funding America (NASDAQ: LMFA) has released its Bitcoin mining update for December 2024. The company held 150.2 Bitcoin valued at approximately $15.0 million as of December 31, 2024, based on an estimated BTC price of $100,000. During Q4 2024, LMFA expects to recognize a Gain on Fair Value of Mined Bitcoin of approximately $4.0 million.
The company's operational metrics show they mined 7.0 Bitcoin in December 2024, sold 4.0 Bitcoin, and purchased 5.0 Bitcoin. LMFA maintained 3,700 miners deployed and 2,180 miners in storage, with an approximate potential hash rate of 639 PH/s at month-end. Compared to December 2023, when they mined 37.3 Bitcoin with 5,950 miners, the current operation reflects adjusted mining capacity.
LM Funding America (NASDAQ: LMFA) ha rilasciato il suo aggiornamento sulla miniera di Bitcoin per dicembre 2024. L'azienda deteneva 150,2 Bitcoin valutati circa 15,0 milioni di dollari al 31 dicembre 2024, basati su un prezzo stimato del BTC di 100.000 dollari. Durante il quarto trimestre del 2024, LMFA prevede di riconoscere un Guadagno sul Valore Equo dei Bitcoin Estratti di circa 4,0 milioni di dollari.
I parametri operativi dell'azienda mostrano che hanno estratto 7,0 Bitcoin a dicembre 2024, venduto 4,0 Bitcoin e acquistato 5,0 Bitcoin. LMFA ha mantenuto 3.700 miner in funzione e 2.180 miner in magazzino, con una potenziale capacità di hash vicino a 639 PH/s alla fine del mese. Rispetto a dicembre 2023, quando hanno estratto 37,3 Bitcoin con 5.950 miner, l'attuale operazione riflette una capacità di mining adattata.
LM Funding America (NASDAQ: LMFA) ha publicado su actualización sobre la minería de Bitcoin para diciembre de 2024. La empresa poseía 150,2 Bitcoin valorados en aproximadamente 15,0 millones de dólares al 31 de diciembre de 2024, basados en un precio estimado de BTC de 100.000 dólares. Durante el cuarto trimestre de 2024, LMFA espera reconocer una Ganancia sobre Valor Justo de Bitcoin Minado de aproximadamente 4,0 millones de dólares.
Los métricas operativas de la empresa muestran que extrajeron 7,0 Bitcoin en diciembre de 2024, vendieron 4,0 Bitcoin y compraron 5,0 Bitcoin. LMFA mantuvo 3.700 mineros desplegados y 2.180 mineros en almacenamiento, con una tasa de hash potencial aproximada de 639 PH/s a fin de mes. En comparación con diciembre de 2023, cuando extrajeron 37,3 Bitcoin con 5.950 mineros, la operación actual refleja una capacidad de minería ajustada.
LM Funding America (NASDAQ: LMFA)는 2024년 12월 비트코인 채굴 업데이트를 발표했습니다. 이 회사는 2024년 12월 31일 기준으로 약 1,500만 달러에 해당하는 150.2 비트코인을 보유하고 있으며, 이는 BTC 추정 가격 100,000달러 기준입니다. 2024년 4분기 동안 LMFA는 광산 비트코인의 공정 가치 증가 약 400만 달러를 인식할 것으로 기대합니다.
회사의 운영 지표에 따르면, 2024년 12월에 7.0 비트코인을 채굴했고 4.0 비트코인을 판매했으며, 5.0 비트코인을 구매했습니다. LMFA는 3,700개의 채굴기를 가동 중이며 2,180개의 채굴기를 저장하고 있으며, 월말에는 약 639 PH/s의 잠재적인 해시율을 기록하고 있습니다. 2023년 12월, 5,950개의 채굴기로 37.3 비트코인을 채굴한 것과 비교할 때, 현재 운영은 조정된 채굴 용량을 반영하고 있습니다.
LM Funding America (NASDAQ: LMFA) a publié sa mise à jour sur le minage de Bitcoin pour décembre 2024. L'entreprise détenait 150,2 Bitcoin d'une valeur d'environ 15,0 millions de dollars au 31 décembre 2024, sur la base d'un prix estimé du BTC de 100 000 dollars. Au cours du quatrième trimestre 2024, LMFA s'attend à reconnaître un Bénéfice sur la Juste Valeur des Bitcoin Minés d'environ 4,0 millions de dollars.
Les indicateurs opérationnels de l'entreprise montrent qu'elle a extrait 7,0 Bitcoin en décembre 2024, vendu 4,0 Bitcoin et acheté 5,0 Bitcoin. LMFA a maintenu 3 700 mineurs déployés et 2 180 mineurs en stockage, avec un taux de hachage potentiel d'environ 639 PH/s à la fin du mois. Comparé à décembre 2023, lorsqu'ils ont extrait 37,3 Bitcoin avec 5 950 mineurs, l'opération actuelle reflète une capacité de minage ajustée.
LM Funding America (NASDAQ: LMFA) hat sein Bitcoin-Mining-Update für Dezember 2024 veröffentlicht. Das Unternehmen hielt 150,2 Bitcoin, die zum 31. Dezember 2024 einen ungefähren Wert von 15,0 Millionen Dollar hatten, basierend auf einem geschätzten BTC-Preis von 100.000 Dollar. Im vierten Quartal 2024 erwartet LMFA einen Gewinn aus dem Fair Value von geschürften Bitcoin von etwa 4,0 Millionen Dollar.
Die operativen Kennzahlen des Unternehmens zeigen, dass sie im Dezember 2024 7,0 Bitcoin geschürft, 4,0 Bitcoin verkauft und 5,0 Bitcoin gekauft haben. LMFA betrieb 3.700 Miner und hatte 2.180 Miner im Lager, mit einer geschätzten potenziellen Hash-Rate von 639 PH/s zum Monatsende. Im Vergleich zu Dezember 2023, als 37,3 Bitcoin mit 5.950 Minern geschürft wurden, spiegelt die aktuelle Operation eine angepasste Mining-Kapazität wider.
- Bitcoin holdings increased to 150.2 BTC, valued at $15.0 million
- Expected Q4 2024 gain of $4.0 million on Fair Value of Mined Bitcoin
- Strategic Bitcoin retention with reduced selling (4.0 BTC) compared to previous months
- Monthly Bitcoin mining production decreased to 7.0 BTC in December 2024 from 37.3 BTC in December 2023
- Reduced mining capacity with 3,700 miners deployed vs 5,950 in December 2023
Insights
The latest operational update from LMFA reveals a strategic shift in their Bitcoin mining operations. The company's Bitcoin holdings have grown to 150.2 BTC, valued at approximately
The projected
For retail investors: Think of this as a company shifting from a "mining-and-sell" to a "mine-and-hold" strategy, similar to how gold miners might stockpile physical gold when expecting price increases. The reduced selling of mined Bitcoin (only 4.0 BTC sold in December) supports this thesis.
Looking at LMFA's market cap of
The company's strategic pivot toward asset retention is evident in their declining Bitcoin sales pattern: from 18.0 BTC in December 2023 to just 4.0 BTC in December 2024. This preservation strategy, combined with their additional 2,180 miners in storage, provides operational flexibility and potential for rapid scaling when market conditions are optimal.
In simple terms: The company owns more in Bitcoin than what the entire company is worth in the stock market. While this doesn't guarantee future performance, it presents an interesting value proposition, especially considering their ability to expand operations with stored mining equipment.
Gain on Fair Value of Mined Bitcoin of approximately
TAMPA, FL, Jan. 16, 2025 (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 preliminary, unaudited Bitcoin mining and operational update for the month ended December 31, 2024.
| Metrics * | One Month December 31, 2023 | One Month October 31, 2024 | One Month November 30, 2024 | One Month December 31, 2024 | ||
| Bitcoin Mined, net | 37.3 | 7.3 | 7.4 | 7.0 | ||
| Bitcoin Sold | (18.0) | (9.0) | (5.7) | (4.0) | ||
| Bitcoin Purchased | - | - | - | 5.0 | ||
| Service Fee (rounding) | - | - | - | - | ||
| Bitcoin Holdings at Month End | 95.2 | 140.5 | 142.2 | 150.2 | ||
| Approximate Miners Deployed at Month End | 5,950 | 3,700 | 3,700 | 3,700 | ||
| Approximate Miners In-Storage at Month End | 2,180 | 2,180 | 2,180 | |||
| Approximate Potential Hash Rate at Month End (PH/s) | 615 | 639 | 639 | 639 |
*Unaudited
Bruce Rodgers, Chairman and CEO of LM Funding remarked, “We are pleased with the continued progress and performance of our Bitcoin mining operations. As of December 31, 2024, we held 150.2 Bitcoin. In Q4 2024, we anticipate recognizing a Gain on Fair Value of Mined Bitcoin of approximately
The Company estimates that the value of its 150.2 Bitcoin holdings on December 31, 2024, was approximately
LM Funding's commitment to enhancing operational efficiency while strategically managing its Bitcoin assets allows it to focus on both mining productivity and asset retention. This strategy allows the Company to position itself for sustained growth and resilience in the competitive cryptocurrency market.
About LM Funding America
LM Funding America, Inc. (Nasdaq: LMFA), operates as a cryptocurrency mining and specialty finance company. It operates through two segments, Specialty Finance and Mining Operations. The company was founded in 2008 and is based in Tampa, Florida. For more information, please visit https://www.lmfunding.com.
Forward-Looking Statements
This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guaranties of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company's most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, uncertainty created by the risks of operating in the cryptocurrency mining business, uncertainty in the cryptocurrency mining business in general, problems with hosting vendors in the mining business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, the ability to finance and grow our cryptocurrency mining operations, our ability to acquire new accounts in our specialty finance business at appropriate prices, the potential need for additional capital in the future, changes in governmental regulations that affect our ability to collected sufficient amounts on defaulted consumer receivables, changes in the credit or capital markets, changes in interest rates, and negative press regarding the debt collection industry. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.
Contact:
Crescendo Communications, LLC
Tel: (212) 671-1021
Email: LMFA@crescendo-ir.com
FAQ
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