Welcome to our dedicated page for Lm Fdg Amer news (Ticker: LMFA), a resource for investors and traders seeking the latest updates and insights on Lm Fdg Amer stock.
LM Funding America Inc (LMFA) maintains this dedicated news hub to provide stakeholders with comprehensive updates across its specialty finance and cryptocurrency mining operations. Our curated collection features official press releases, financial disclosures, and strategic announcements from the company.
Key resources include: Quarterly earnings reports detailing performance across both business segments, operational updates on Bitcoin mining capacity expansions, and partnership announcements with community associations. Investors will find timely information about capital allocation strategies and regulatory developments affecting both industries.
This centralized repository enables efficient tracking of LMFA's progress in converting delinquent assessments into working capital through innovative funding solutions, while simultaneously monitoring advancements in its energy-efficient mining infrastructure. Content is organized chronologically showcase the company's dual-sector growth without promotional commentary.
For ongoing monitoring, we recommend this page for bookmarking or RSS subscription. Check regularly for updates on new association partnerships, mining facility optimizations, and financial performance metrics that demonstrate LMFA's unique market position.
LM Funding America, Inc. (Nasdaq: LMFA) has announced that CEO Bruce M. Rodgers will present at the Digital Assets: Exploring The Metaverse & Crypto Assets Conference on June 23, 2022, at 10:00 a.m. EDT. The conference, hosted by M-Vest and Maxim Group LLC, will address topics including the impacts of rising rates on Bitcoin and NFTs, emerging regulations, and market opportunities. The event will feature virtual panels with industry leaders and is accessible through M-Vest membership. For details, visit their official page.
LM Funding America, Inc. (NASDAQ: LMFA) reported financial results for Q1 2022, revealing a net loss of $5.7 million, contrasting with a net income of $4.4 million in Q1 2021. Revenues rose to $191,000 from $177,000 year-over-year. As of March 31, 2022, cash holdings totaled $24.5 million, with significant investments in cryptocurrency mining. The company expects to receive monthly shipments of 841 mining machines from Bitmain starting June 2022, anticipating its first Bitcoin generation by Q3 2022.
LM Funding America, Inc. (NASDAQ: LMFA) announced its full-year financial results for 2021, highlighting significant steps toward Bitcoin mining and improved capitalization. The company generated $31.5 million from an equity offering to fund its digital asset expansion, including 5,046 ASIC mining machines ordered from Bitmain. Operating revenues decreased to $0.9 million from $1.26 million in 2020, while operating loss rose to $8.4 million. However, net income from continuing operations improved to $5.0 million, up from a loss of $4.1 million in the prior year.
LM Funding America, Inc. (NASDAQ:LMFA) has announced that its Chairman and CEO, Bruce Rodgers, will present at the Blockchain Conference: Trends in the World of NFTs and Crypto, organized by Maxim Group LLC on January 27, 2022, at 10:30 a.m. EST.
His presentation will be part of the 'Crypto Mining' panel, discussing the effects of supply chain shortages and China's cryptocurrency ban on mining. The conference will also cover NFT market opportunities. To attend, individuals can sign up as M-Vest members.
LM Funding America announced the adjournment of its Annual Meeting of Stockholders, originally scheduled for December 10, 2021, due to a lack of quorum. Only 37.5% of the shares were represented, necessitating the meeting to be rescheduled for December 23, 2021. The Company is actively soliciting votes from stockholders to ensure a quorum for the proposals in the Proxy Statement. Stockholders of record must vote by December 22, 2021. If quorum is not reached again, further adjournments may incur additional costs.
LM Funding America (NASDAQ: LMFA) announced the closing of its public offering, raising approximately $30 million through the sale of 6,315,780 shares of common stock and accompanying warrants priced at $4.75 each. The company plans to utilize these funds primarily to purchase cryptocurrency mining equipment and support its operations in this new venture, alongside general corporate purposes. Additionally, an option for underwriters to buy up to 947,367 more shares and warrants was exercised. The company's registration statement for this offering was previously filed with the SEC.
LM Funding America (NASDAQ: LMFA) has announced a public offering of 6,315,780 shares and warrants, priced at $4.75 per unit, with expected gross proceeds of approximately $30 million. The warrants will be immediately exercisable at $5.00 per share, expiring in five years. The company plans to use proceeds to purchase cryptocurrency mining equipment and fund operations related to its new subsidiary, US Digital Mining and Hosting Co., LLC. The offering is subject to customary closing conditions and is anticipated to close around October 19, 2021.
LM Funding America (LMFA) has expanded its cryptocurrency mining operations by purchasing 4,000 Bitmain S19J Pro Antminer Machines for $25.3 million, in addition to the previously purchased 1,000 machines. This brings the total to 5,000 machines, which are expected to generate approximately 1,200 Bitcoins per year, starting in Q2 2022. The company anticipates achieving a mining capacity of 504 petahash and has contracted with Bit5ive for hosting services. The CEO highlights this as a strategic move to acquire Bitcoin assets efficiently while generating operating income.
LM Funding America (NASDAQ:LMFA) has announced a significant expansion into the cryptocurrency sector by purchasing 1,000 S19J Pro Antminers from Bitmain for $6.3 million. This strategic move aims to diversify its operations and take advantage of the U.S. Bitcoin mining landscape following China's exit from the market. The miners, with a hash rate of 100 TH/s, are expected to be delivered in mid-2022, allowing the company to potentially start mining operations by then. This initiative is projected to enhance margins and provide operating income amidst Bitcoin price fluctuations.
LM Funding America, Inc. (NASDAQ:LMFA) reported strong financial results for the first half of 2021, achieving a net income of $15.5 million, equating to $2.96 per diluted share. The company’s cash reserves rose to $22.2 million, up from $11.6 million at the end of 2020. With working capital of $29.7 million, LMFA aims to leverage its strengthened balance sheet for future transactions. The firm is also diversifying into digital assets, planning to acquire $2 million worth of Bitcoin and Ether, while having successfully closed a $103.5 million IPO for its SPAC, LMAO.
