Cash PositionLMFA reported a cash balance of $1.0M at March 31, 2025, from $3.4M at December 31, 2024, reflecting fleet migration expenses and operating cash burn.
Price TargetThe 12-month price target is lowered to $4.50 from $6.00, due to LMFA's smaller scale and limited cash position.
Revenue DeclineRevenue declined 51% from $4.1M y/y due to the bitcoin halving in April 2024, which reduced the effective mining output.