LM Funding America, Inc. reported its financial results for the third quarter and nine months ended September 30, 2025, revealing a total revenue of $2.18 million for the quarter, a significant increase from $1.26 million in the same period last year. For the nine-month period, revenues decreased to $6.48 million from $9.01 million in 2024. The company's digital mining revenues rose to $2.01 million in Q3 2025, up from $1.13 million in Q3 2024, while specialty finance revenue also saw a rise, reaching $141,634 compared to $97,558 in the prior year. However, the overall decline in nine-month revenues was attributed to a decrease in Bitcoin mined and lower average Bitcoin prices.
The company's operating loss for the third quarter was $3.52 million, slightly improved from a loss of $4.00 million in Q3 2024. For the nine-month period, the operating loss widened to $8.19 million from $7.31 million in the previous year. The increase in operating expenses, which totaled $5.70 million for the quarter, was primarily driven by higher staff costs and digital mining costs, which rose to $1.18 million from $0.73 million year-over-year. The company also reported a net loss of $3.73 million for Q3 2025, compared to a net loss of $4.39 million in Q3 2024.
In terms of strategic developments, LM Funding completed the acquisition of a Mississippi property and associated business assets for approximately $3.9 million on September 16, 2025. This acquisition included the purchase of 2,330 Bitcoin miners for about $362,000. The company now operates approximately 7,900 mining machines across its facilities, with a total hashing capacity of approximately 840 petahash per second. The acquisition is expected to enhance the company's mining operations and contribute to future revenue growth.
Operationally, LM Funding's Bitcoin holdings increased significantly, with 304.5 Bitcoins valued at approximately $34.73 million as of September 30, 2025, compared to 150.2 Bitcoins valued at $14.02 million at the end of 2024. The company has also raised $21.3 million in net proceeds from capital raises in August 2025, which were primarily used to purchase additional Bitcoin. The company’s cash position decreased to $291,571 from $3.38 million at the end of 2024, reflecting its investment activities and operational cash flows.
Looking ahead, LM Funding America plans to continue its strategy of acquiring and holding Bitcoin while leveraging cash flows from operations. The company remains focused on expanding its mining operations and optimizing its financial performance amid the volatile cryptocurrency market. The management has indicated that they will monitor market conditions closely to make informed decisions regarding future Bitcoin purchases and operational strategies.
About LM FUNDING AMERICA, INC.
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