LM Funding reports 6.6 bitcoin mined in April

“Transitioning to a vertically integrated model has proved valuable to our bottom line,” said Bruce Rodgers, Chairman and CEO of LM Funding (LMFA). “In April, we mined 6.6 Bitcoin due to curtailments and disruptions at our hosting site as we began relocating 800 machines to our wholly owned Oklahoma facility. Our Oklahoma site enabled us to generate approximately $120,000 in power sales during the month – an offset to our mining costs that improved our margins and overall efficiency. We also made several strategic decisions, including ordering two 1 MW immersion containers to start our 2 MW expansion at our Oklahoma site. After careful diligence, we believe immersion offers faster deployment timelines, better margins, and improved equipment longevity.” The Company estimates that the value of its 148.7 Bitcoin holdings on April 30, 2025, was approximately $14.1 million or $2.751 per share, based on a Bitcoin price of approximately $94,900 as of April 30, 2025, compared to a stock share price of $1.49 as of April 30, 2025.