LM Funding reports Q1 EPS ($1.05) vs 80c last year

Reports Q1 revenue $2.371M vs $4.748M last year. “Our first quarter results demonstrate our progress to build a more resilient and efficient Bitcoin mining operation, with our LuxOS firmware upgrade and power sales initiative driving direct improvements to our bottom line,” commented Bruce Rodgers, Chairman and CEO of LM Funding (LMFA). “We’re also moving forward with our planned 2 MW expansion at our Oklahoma site, leveraging immersion cooling technology to enhance efficiency and extend the lifespan of our mining equipment. Beyond that, we’re actively pursuing overlooked power sites in the 5 to 20 MW range, while continuing to scale our ability to sell power back to the grid – a program that gained strong momentum, with April’s power sales nearly equaling our first quarter total.”