LM Funding AmericaLMFA
LMFA
About: LM Funding America Inc is a financial services company. The company provides funding to nonprofit community associations located in the state of Florida and to nonprofit community associations in the states of Washington and Colorado. Its products include Original Product and New Neighbor Guaranty. Its original product offering consists of providing funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments. It currently has two lines of business recently commenced cryptocurrency mining business and historical specialty finance business. The Company has two operating segments: Specialty Finance and Mining Operations, which generate the majority of its revenue.
Employees: 8
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
109% more capital invested
Capital invested by funds: $476K [Q2] → $995K (+$518K) [Q3]
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
13% more funds holding
Funds holding: 8 [Q2] → 9 (+1) [Q3]
8.58% more ownership
Funds ownership: 4.73% [Q2] → 13.3% (+8.58%) [Q3]
0% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 2
Research analyst outlook
We haven’t received any recent analyst ratings for LMFA.
Financial journalist opinion
Based on 3 articles about LMFA published over the past 30 days
Neutral
GlobeNewsWire
1 week ago
LM Funding America, Inc. Closes Purchase of 15MW Mining Site
TAMPA, Fla., Dec. 09, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, today announced the acquisition of the business assets of a 15 MW mining site in Oklahoma from Tech Infrastructure JV I LLC (“JV”), a joint venture majority-owned by Arthur Inc., for $7.3 million.
Neutral
GlobeNewsWire
1 week ago
LM Funding America Enters Into Warrant Exercise Transaction for Gross Proceeds of $5.1 Million
TAMPA, Fla., Dec. 09, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, announced today that it has entered into a warrant exercise agreement with a single institutional investor that is an existing holder of its common stock warrants wherein the investor agreed to exercise 1,736,370 outstanding common stock warrants (the “Existing Warrants”) to purchase an aggregate of 1,736,370 shares of common stock for cash at the exercise price of $2.98 per share. The Existing Warrants were previously issued in a private placement which closed in August 2024. In consideration for the immediate exercise of the Existing Warrants, the exercising holder received new unregistered common stock warrants (the “New Warrants”) to purchase an aggregate of 3,472,740 shares of common stock. The New Warrants will have an exercise price of $2.95 per share and will be immediately exercisable for a period of five years from the issuance date.
Neutral
GlobeNewsWire
4 weeks ago
LM Funding America, Inc.'s Bitcoin Holdings Valued at $13.3 million in Monthly Update
TAMPA, Fla., Nov. 21, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, today provided a preliminary, unaudited Bitcoin mining and operational update for the month ended October 31, 2024.
Neutral
Seeking Alpha
1 month ago
LM Funding America, Inc. (LMFA) Q3 2024 Earnings Call Transcript
LM Funding America, Inc. (NASDAQ:LMFA ) Q3 2024 Earnings Conference Call November 13, 2024 11:00 AM ET Company Participants Ted Ayvas - IR Ryan Duran - President, U.S. Digital Mining Richard Russell - CFO Conference Call Participants Kevin Dede - H.C. Wainright Matthew Galinko - Maxim Group Operator Greetings, and welcome to the LM Funding America Inc. Third Quarter 2024 Business Update Conference Call.
Neutral
Accesswire
1 month ago
LM Funding America Inc. to Present at November 21st Virtual Investor Summit Microcap Event
TAMPA, FL / ACCESSWIRE / November 15, 2024 / LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company announced that it will be participating in November 21st Virtual Investor Summit Microcap Event. The Company will be available for 1-on-1 meetings throughout the day in addition to their presentation.
Neutral
GlobeNewsWire
1 month ago
LM Funding America, Inc. Enters into Agreement to Make Pivotal Acquisition
TAMPA, Fla., Nov. 14, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, is pleased to announce the signing of an asset purchase agreement to acquire the business assets of a 15 MW mining site in Oklahoma from Tech Infrastructure JV I LLC (“JV”), a joint venture majority-owned by Arthur Inc., for $7.3 million. The Company currently operates 10 MW of machines actively mining Bitcoin (BTC) at this site.
Negative
Zacks Investment Research
1 month ago
LM Funding America, Inc. (LMFA) Reports Q3 Loss, Lags Revenue Estimates
LM Funding America, Inc. (LMFA) came out with a quarterly loss of $1.54 per share versus the Zacks Consensus Estimate of a loss of $1.25. This compares to loss of $1.98 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
CORRECTION -- LM Funding America, Inc. Reports Financial Results and Provides Business Update for the Third Quarter of 2024
TAMPA, Fla., Nov. 13, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by LM Funding America, Inc. (NASDAQ: LMFA), please note that the Balance Sheet table has been updated.
Neutral
GlobeNewsWire
1 month ago
LM Funding America, Inc. Reports Financial Results and Provides Business Update for the Third Quarter of 2024
TAMPA, Fla., Nov. 13, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, today provided a business update and reported financial results for the three and nine months ended September 30, 2024.
Neutral
GlobeNewsWire
1 month ago
LM Funding America, Inc. Schedules Third Quarter 2024 Financial Results and Business Update Conference Call
Tampa, FL, Nov. 08, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today announced that it will host a conference call on Wednesday, November 13, 2024, at 11:00 a.m. Eastern Time to discuss financial results for the quarter ended September 30, 2024, and provide a business update.
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