Acquisition of Bitcoin Mining Site
LM Funding America signed a definitive purchase agreement to acquire an 11-megawatt Bitcoin mining site in Columbus, Mississippi for $3.9 million. This acquisition is expected to increase the company's U.S. power and Bitcoin mining capacity to 26 megawatts and accelerate the expansion timeline.
Improved Mining Margins
Mining margins improved to 41% in Q2 2025, up from 38.5% in Q1 2025, due to the transition to a lower-cost facility in Oklahoma and strategic energy sales.
Positive Net Income
Reported net income of approximately $60,000 in Q2 2025, compared to a net loss of $5.4 million in Q1 2025 and a $6.2 million loss in Q2 2024.
Significant Increase in Core EBITDA
Core EBITDA for Q2 2025 was $2.6 million, as opposed to a negative $2.8 million in Q1 2025 and a negative $2.3 million in Q2 2024.
Bitcoin Treasury Strategy
LM Funding America maintains a strong Bitcoin treasury strategy, ending the second quarter with 155.5 Bitcoin valued at $16.7 million, with strategic sales to support operations and expansion.