Welcome to our dedicated page for Lm Fdg Amer SEC filings (Ticker: LMFA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to LM Funding America, Inc. (NASDAQ: LMFA) filings with the U.S. Securities and Exchange Commission, along with AI-powered tools that help explain the contents of each document. LM Funding is a Bitcoin treasury and mining company with a technology-enabled specialty finance business that funds nonprofit community associations primarily in Florida, and its SEC filings offer detailed insight into both segments.
Through annual reports on Form 10-K and quarterly reports on Form 10-Q, LM Funding discloses information such as digital mining revenues, specialty finance revenue, operating costs, mining margins, Bitcoin holdings, loan balances, and stockholders’ equity. These reports also describe the company’s two operating segments, Mining Operations and Specialty Finance, and discuss risks related to cryptocurrency mining, financing, and regulatory matters.
The company files frequent Form 8-K current reports to document material events. Recent 8-Ks have covered topics such as Bitcoin production and mining updates, third quarter financial results, amendments to loan agreements, additional loans secured by Bitcoin collateral, the acquisition of a Mississippi mining property and miners, the establishment of a Master Digital Currency Loan Agreement with Galaxy Digital, and the authorization of a share repurchase program. Other 8-Ks detail warrant exercise price adjustments, privately negotiated repurchases of shares and warrants, and executive stock option grants and bonuses.
Investors interested in capital structure and financing can use this page to review filings describing registered direct offerings, private placements, warrant terms and anti-dilution provisions, and loan facilities with lenders such as SE & AJ Liebel Limited Partnership and Galaxy Digital LLC. Governance-focused users can examine proxy materials and 8-Ks reporting stockholder meeting results, director elections, and auditor ratification.
Stock Titan’s interface surfaces these filings in real time as they are posted to the SEC’s EDGAR system and applies AI-generated summaries to highlight key points, such as changes in Bitcoin holdings, new debt obligations, share repurchase authorizations, and significant acquisitions. This allows readers to quickly understand the implications of lengthy documents, including 10-Ks, 10-Qs, and 8-Ks, and to locate specific information on LM Funding’s Bitcoin treasury strategy, specialty finance activities, and corporate transactions.
LM Funding America, Inc. extended its bitcoin-backed borrowing arrangement with Galaxy Digital LLC under an existing Master Digital Currency Loan Agreement. The company borrowed a new $11 million loan on April 6, 2026, using the proceeds to repay a prior loan under the same facility.
The new April 2026 loan is secured by Bitcoin owned by the company and will become due on June 26, 2026. This transaction maintains LM Funding’s leveraged exposure to digital assets while pushing out the loan’s maturity date.
LM Funding America now centers its business on Bitcoin, running a treasury of 211.4 Bitcoins as of December 31, 2025 and operating dedicated mining facilities alongside its legacy specialty finance business serving Florida community associations.
In 2025 the company raised roughly $21.3 million of net proceeds in August capital raises and about $5.9 million in December, using substantially all of these funds to buy 211 Bitcoins. It added a 15 MW mining site in Oklahoma and an 11 MW site in Mississippi, reaching about 0.75 EH/s of total hashing capacity and owning roughly 7,200 miners. To fund an $8 million stock and warrant repurchase, LM Funding borrowed $11 million under a Galaxy Digital loan secured by 145 Bitcoins and expanded a separate secured facility by up to $2 million. The company reports intense exposure to Bitcoin price volatility, concentration of treasury assets in Bitcoin, reliance on third-party custodians and mining pools, and a Nasdaq minimum bid-price deficiency notice that must be cured by July 6, 2026.
LM Funding America, Inc. filed a prospectus supplement for an at-the-market offering of up to $75,000,000 of common stock to be sold from time to time through Maxim Group LLC as sales agent. The Sales Agreement permits sales on The Nasdaq Capital Market or other methods defined as an “at the market offering,” and the Sales Agent will receive a commission equal to 3% of the gross sales price per share.
The prospectus supplement states the company had 16,157,892 shares outstanding as of March 24, 2026, and that net proceeds, if any, are intended to be used to expand its Bitcoin treasury strategy and for general corporate purposes. The filing discloses recent operating facts: as of February 28, 2026, the company controlled 209.7 Bitcoins, 145 Bitcoins of which were pledged under an $11,000,000 loan; the company received a Nasdaq non-compliance notice for minimum bid price requirements and has until July 6, 2026 to regain compliance. The March 27, 2026 supplement references prior Galaxy loan maturity extensions and last reported sale price of the common stock of $0.318 on March 24, 2026.
LM Funding America, Inc. entered into an at-the-market (ATM) offering agreement with Maxim Group LLC, allowing the company to issue and sell up to $75,000,000 of its common stock from time to time through Maxim as sales agent.
Shares will be issued under an existing Form S-3 shelf registration statement that was declared effective on November 21, 2024, with a related prospectus supplement filed on March 27, 2026. The company will pay Maxim a 3.0% cash fee on the gross sales price of any shares sold, reimburse certain expenses up to $50,000 without additional approval, and provide indemnification and contribution for specified liabilities.
There is no minimum sale amount, and LM Funding is not obligated to sell any shares. Either party may suspend or terminate sales under the agreement according to its terms.
LM Funding America reported fourth quarter and full-year 2025 results, highlighting growth in Bitcoin production but a large accounting loss. Q4 2025 revenue was $2.4 million, up 8.7% sequentially and 19.2% year-over-year, as mined volume rose to 22.0 Bitcoin from 17.6 in Q3 2025. Mining margin fell to 25% from 49% due mainly to a lower average Bitcoin price. The company recorded a Q4 net loss of $17.9 million and Core EBITDA loss of $9.3 million, versus net income of $1.0 million and Core EBITDA of $3.8 million in Q4 2024, driven by non-cash Bitcoin fair value losses, a $5.4 million impairment on mining equipment, depreciation and amortization, and higher operating expenses from integrating its Mississippi facility. As of December 31, 2025, cash was about $1.4 million and Bitcoin holdings totaled 356.4 Bitcoin, valued at roughly $31.2 million. For full-year 2025, revenue was approximately $8.8 million and total assets were about $51.3 million, while management emphasized expanded hashrate, two low-cost sites, and use of a Galaxy Digital loan facility to repurchase more than 3.3 million shares and 7.2 million warrants.
LM Funding America reported a February 2026 Bitcoin production and operations update. The company mined 8.7 Bitcoin in February, up from 7.8 in January, and held 354.7 Bitcoin valued at about $23.8 million, or $1.11 per diluted share as of February 28, 2026.
The company operated 7,513 mining machines with an energized hashrate of 0.78 EH/s across Oklahoma and Mississippi. Management highlighted February as its highest monthly Bitcoin production since launching mining operations, supported by fleet upgrades including about 300 Bitmain S21 XP miners.
LM Funding also renegotiated its $11 million Galaxy Digital loan, extending the maturity date to April 24, 2026, which management stated provides additional flexibility in settling the loan.
LM Funding America, Inc. entered into a series of short-term loans under its existing Master Digital Currency Loan Agreement with Galaxy Digital LLC. The company borrowed $11 million on January 28, 2026 to repay an earlier October 2025 loan, and then borrowed another $11 million on February 27, 2026 to repay the January 2026 loan. The latest $11 million loan, referred to as the February 2026 Loan, is secured by Bitcoin owned by the company and is due on April 24, 2026. All loans are made under the previously disclosed loan facility terms and create a continuing direct financial obligation backed by the company’s digital asset collateral.
LM Funding America, Inc. reported that Armistice Capital, LLC and Steven Boyd jointly beneficially own 1,498,814 shares, representing 9.99% of the company's common stock. The filing states Armistice Capital manages Armistice Capital Master Fund Ltd., which is the direct holder, and the Master Fund disclaims beneficial ownership by reason of its inability to vote or dispose under the Investment Management Agreement.
Funding America, Inc. received an amended Schedule 13G showing that a group of Anson-related investment entities collectively report beneficial ownership of 741,777 shares of common stock, or 4.9% of the company’s outstanding common stock as of their calculation date.
The stake includes common shares underlying warrants held by private funds advised by Anson Funds Management LP and Anson Advisors Inc. The warrants contain a beneficial ownership limitation, generally preventing exercise above 4.99% of the outstanding common stock, and the reported ownership reflects this cap.
The filers certify that the securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Funding America, Inc.
Funding America, Inc. furnished an update on its Bitcoin production and mining operations for the one-month period ended January 31, 2026. The company did this by issuing a press release on February 5, 2026, which is attached as Exhibit 99.1 to the current report.
The Bitcoin production details in the press release are treated as “furnished,” not “filed,” meaning they are not subject to certain Exchange Act liabilities and are not automatically incorporated into other Securities Act or Exchange Act filings. The company also includes its standard cautionary language about forward-looking statements and refers investors to risk factors in its Form 10-K for the year ended December 31, 2024 and other periodic reports.