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TAMPA, Fla. - LM Funding America, Inc. (NASDAQ:LMFA), a Bitcoin mining and specialty finance firm, provided an operational update on its activities for March 2025. The company, currently valued at $5.49 million in market capitalization, disclosed that as of March 31, 2025, it held 160.2 Bitcoin, valued at approximately $13.3 million, or $2.59 per share, based on the Bitcoin price of around $83,000. According to InvestingPro analysis, the stock appears undervalued despite trading near its 52-week low of $1.02.
The company's Bitcoin mining operations remained steady with 5,121 operational machines and a total hash rate of 0.63 EH/s. During the month, LM Funding mined 8.7 Bitcoin and sold 14.2, with no new purchases reported. The operational update also highlighted that the company has managed to sell excess energy back to the grid, generating about $130,000 in the first quarter of the year. InvestingPro data shows the company maintains a strong liquidity position with a current ratio of 8.63, though it reported a significant loss with earnings per share at -$5.02 over the last twelve months.
Bruce Rodgers, Chairman and CEO of LM Funding, commented on the efficiency of the company's vertically integrated business model, which allows for the sale of surplus power, enhancing the firm's diversified revenue streams and balance sheet strength.
Despite the operational successes, LM Funding's share price was reported at $1.24 as of March 31, 2025, which contrasts with the higher per-share value of its Bitcoin holdings.
The company, founded in 2008 and based in Tampa, Florida, also announced its participation in upcoming industry events, including a virtual seminar and a conference in Las Vegas.
This update is based on a press release statement and contains unaudited figures. LM Funding's activities in the cryptocurrency mining sector are subject to various risks and uncertainties, as detailed in the company's filings with the SEC. These include risks associated with the volatile cryptocurrency market, operational risks in mining, and regulatory changes affecting the industry. InvestingPro subscribers can access 15 additional key insights and a comprehensive analysis of LMFA's financial health, which currently shows a weak overall score of 1.43, helping investors better understand the company's risk profile.
In other recent news, LM Funding America Inc reported its fourth-quarter earnings for 2024, revealing a mixed financial performance. The company experienced a significant decline in revenue, which fell to $2 million, down from $4.1 million in the same quarter the previous year. Despite the revenue drop, LM Funding America saw a notable increase in net income, which rose by 220% year-over-year to reach $2 million. The company also mined 21.7 Bitcoins during the quarter, with their Bitcoin holdings valued at $14 million.
Additionally, LM Funding America acquired a 15-megawatt mining facility and placed orders for new mining machines, indicating continued investment in its mining infrastructure. The company increased its cash reserves by 40% to $3.4 million, further bolstering its financial position. Analyst firms such as H.C. Wainwright have been involved in discussions about the company's operational plans and strategic initiatives. LM Funding America is focused on enhancing operational efficiency and capitalizing on the evolving Bitcoin mining landscape, with plans to invest in next-generation mining hardware and energy efficiency initiatives.
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