SEC 8-K filings with transcript text
Oct 8, 2026
2 lmfa-ex99_1.htm
September 2026 Bitcoin Production and Operational Update
Mined 8.1 Bitcoin in September, up 37% year-over-year and up 2.7% from August 2026
Generated approximately $89,000 from energy sales in September and approximately $312,000 for the three months ended September 30, 2026
Completed previously announced repayment of $22.45 million Bitcoin-backed facility with 267.4 Bitcoin, releasing all pledged Bitcoin collateral
TAMPA, FL, October 8, 2026 - PowerCompute, Inc. (Nasdaq: PWCM) (“PowerCompute” or the “Company”), a Bitcoin mining and power-infrastructure company developing high-performance computing (“HPC”) and artificial intelligence (“AI”) infrastructure, today announced preliminary, unaudited Bitcoin mining and operating results for the month ended September 30, 2026.
As previously announced, in September 2026, PowerCompute applied 267.4 Bitcoin to repay approximately $22.45 million of principal and accrued interest under its Arch credit facility, repaying the facility in full and reducing total secured debt from $23.70 million to $1.25 million. As a result, Bitcoin held decreased to 63.7 BTC at September 30, 2026 from 323.02 BTC at August 31, 2026. All Bitcoin previously pledged as collateral under the Arch facility was released.
Metric
September 2025
August 2026
September 2026
- Bitcoin1
- Mined, net
5.9
7.9
8.1
- Sold
(12.5)
—
—
- Bitcoin applied to debt repayment
—
—
(267.4)
- Service fee
(0.01)
—
—
Bitcoin ending balance
304.5
323.022
63.7
September 2026 Highlights
• Bitcoin production: Mined approximately 8.1 BTC up 37% from 5.9 BTC in September 2025 and up 2.7% from 7.9 BTC in August 2026.
• Energy sales: Generated approximately $89,000 in September by selling energy during seasonal heat-related curtailment at its Oklahoma and Mississippi sites, bringing total energy sales to approximately $312,000 for the three months ended September 30, 2026.
• Bitcoin held: 63.7 BTC at September 30, 2026, valued at approximately $5.3 million based on a Bitcoin price of approximately $83,900 on that date, or approximately $2.11 per share of common stock outstanding.
“We used Bitcoin to retire debt rather than carry leverage,” said Bruce M. Rodgers, Chairman, Chief Executive Officer and President of PowerCompute. “Our business is built on owned, interconnected
1 Unaudited
2 Includes 307 BTC held for Arch loan facility
power. In the hottest months, we can earn more by selling that power back to the grid than by mining with it, and over the past three months that produced about $312,000. We intend to direct each megawatt to the use we believe offers the best risk-adjusted return, whether that is Bitcoin mining, energy sales or, as we develop it, HPC and AI computing.”
The Company had 2,535,061 shares of common stock outstanding as of September 30, 2026.
About PowerCompute
PowerCompute, Inc. (Nasdaq: PWCM), formerly LM Funding America, Inc., is an owner and operator of electrical infrastructure that converts electricity into Bitcoin and high-performance computing and artificial intelligence capacity. Founded in 2008 and headquartered in Tampa, Florida, the Company operates 26 megawatts of interconnected electrical infrastructure across Bitcoin data center facilities in Oklahoma and Mississippi.
The Company also operates a technology-enabled specialty finance business providing funding to nonprofit community associations primarily in Florida. For more information, please visit https://www.power-compute.com.
This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties.
Some of these risks and uncertainties are identified in the Company’s most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, the Company’s ability to maintain compliance with the continued listing requirements of The Nasdaq Stock Market, including the minimum bid price requirement; the availability, cost and timely delivery and installation of mining equipment and related infrastructure, including the effect of tariffs on imported equipment; the Company’s ability to increase active mining hash rate or realize anticipated improvements in fleet efficiency; the Company’s ability to energize remaining power capacity on anticipated timelines or at anticipated cost; the Company’s ability to repay or refinance its remaining indebtedness at or before maturity; changes in Bitcoin prices, Bitcoin network difficulty and total network hash rate; the availab
Sep 30, 2026
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PowerCompute Repays Arch Bitcoin-Backed Facility, Releases All Bitcoin Collateral and Achieves Approximately 94% Reduction in Total Debt
Mississippi Expansion and Oklahoma Fleet Upgrade Expected to Increase Active Mining Hash Rate 25% to Approximately 964 PH/s
TAMPA, FL, September 30, 2026 — PowerCompute, Inc. (Nasdaq: PWCM) (“PowerCompute” or the “Company”), today announced that its wholly owned subsidiary, US Digital Mining and Hosting Co., LLC, has fully repaid and terminated its Bitcoin-backed credit facility with ChainFi, Inc. d/b/a Arch Lending, satisfying approximately $22.45 million of obligations and releasing all remaining Bitcoin collateral. No Bitcoin remains pledged.
Transaction and Operating Highlights
• Bitcoin-backed credit facility fully repaid and terminated. No Bitcoin remains pledged.
• Total secured debt reduced from approximately $19.4 million at June 30, 2026 to approximately $1.25 million, a reduction of approximately 94%. Remaining secured borrowings consist of a single secured promissory note maturing December 31, 2026, none of which is secured by Bitcoin.
• Approximately 39.6 Bitcoin, valued at approximately $3.3 million, returned to the Company.
• Approximately 3.5 MW of owned, interconnected electrical capacity in Mississippi, not yet energized, targeted for incremental Bitcoin mining.
• Columbus expansion and continued Calumet fleet modernization expected to increase active mining hash rate from approximately 771 PH/s as of June 30, 2026 to a forecasted increase of approximately 964 PH/s, an increase of approximately 25%.
• 26 MW of owned, interconnected electrical capacity at a blended power cost, net of power sales, of approximately 3.3 cents per kilowatt-hour.
• On completion of the planned deployments, the Company’s 26 MW of owned capacity would support approximately 964 PH/s, or approximately 37 PH/s per megawatt.
Facility Repayment and Debt Reduction
The Arch credit facility was settled on September 24, 2026, its scheduled reset date. Under the credit facility’s settlement provisions, Arch sold approximately 267.3 of the 307 pledged Bitcoin to satisfy $21,892,132 of principal, $118,582 of accrued interest and a $440,122 fee, and returned the remaining approximately 39.6 Bitcoin to PowerCompute.
The credit facility was non-recourse and contained no margin-call or price-triggered liquidation provisions. It was settled on its scheduled reset date, not as a result of a margin call or forced liquidation.
With this repayment, PowerCompute has reduced total secured debt from approximately $19.4 million as of June 30, 2026, as reported in the Company’s June 30, 2026 Form 10-Q, to approximately $1.25 million — a reduction of approximately 94% in approximately three months. The Company’s remaining secured borrowings consist of a single secured promissory note maturing December 31, 2026. None of the Company’s remaining borrowings is secured by Bitcoin.
The Arch credit financing ultimately refinanced debt used to build PowerCompute’s mining operations. Approximately $14 million of the original debt funded the acquisition of the Company’s Oklahoma and
Mississippi mining sites, with additional proceeds used to purchase miners and mining equipment, repair and refurbish mining equipment, and for other corporate purposes.
Repayment of the Arch credit facility eliminates the interest expense and collar-related expense associated with the Arch credit facility, the prior Galaxy credit facility and the Liebel loans. PowerCompute intends to use Bitcoin as working capital to fund equipment purchases, operating requirements and growth initiatives rather than accumulate Bitcoin through a leveraged treasury strategy.
“Repaying the secured debt lowers our annual interest expense to approximately $140 thousand for our remaining secured debt on a annual basis and eliminates the annual interest expense and the collar-related expense that came with the prior Galaxy and Arch credit facilities,” said Richard Russell, Chief Financial Officer of PowerCompute. “We have reduced total debt by approximately 94% in approximately three months, from $19.4 million to approximately $1.25 million, and none of our Bitcoin remains pledged as collateral. That is a materially simpler capital structure and allows us to direct more capital toward productive mining assets instead of debt service.”
As of September 25, 2026, PowerCompute held approximately 62 Bitcoin, valued at approximately $5.2 million based on a Bitcoin price of approximately $84,500 as of that date.
Capital Deployment and Mining Expansion
At Columbus, Mississippi, PowerCompute plans to deploy new mining equipment across approximately 3.5 MW of electrical capacity that is owned and interconnected but not yet energized. Because the Company already owns the underlying electrical infrastructure, the planned deployment would add incremental hash rate without acquiring an additional mining site.
Sep 9, 2026
2 lmfa-ex99_1.htm
PowerCompute Announces August 2026 Production and Operational Update
Bitcoin holdings of 323 BTC valued at approximately $25.2 million as of August 31, 2026
Captured approximately $132,000 in energy sales from curtailment during the month
TAMPA, FL, September 9, 2026 — PowerCompute, Inc. (Nasdaq: PWCM) (“PowerCompute” or the “Company”), a Bitcoin treasury and mining company expanding into high-performance computing (“HPC”) and artificial intelligence (“AI”) infrastructure, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended August 31, 2026.
Metric
August 2025
July 2026
August 2026
- Bitcoin1
- Mined, net
5.8
7.9
7.9
- Sold
9.0
11.1
-
- Purchased
164.0
-
-
- Service Fee
-
-
-
- Bitcoin HODL
311.2
315.1
323.02
“August production of 7.9 Bitcoin was consistent with July, reflecting continued seasonal heat-related curtailment at our Oklahoma and Mississippi sites, which is typical for this time of year,” said Bruce M. Rodgers, Chairman, Chief Executive Officer and President of PowerCompute. “That curtailment generated approximately $132,000 in energy sales during the month, equivalent to approximately 1.7 Bitcoins at the August 31 Bitcoin price. This brought our total energy sales to approximately $223,000 over the past two months. Our ability to monetize our power when it is most valuable to the grid is precisely the flexibility that owning our infrastructure gives us.”
The Company estimates that the value of its 323 Bitcoin holdings on August 31, 2026 was approximately $25.2 million, based on a Bitcoin price of approximately $78,000 as of that date. Of these holdings, 307 Bitcoin are pledged as collateral under the Company's Arch credit facility, against which approximately $21.9 million was outstanding as of August 31, 2026. The remaining 16 Bitcoin are unencumbered.The Company had 2,421,472 shares of common stock outstanding as of August 31, 2026.
“We are continuing our Bitcoin miner refresh, ordering approximately 1,000 miners to replace older S19j Pro units rated at 100 TH/s or below,” said Richard Russell, Chief Financial Officer of PowerCompute. “The new machines are expected to be energized by September 30, 2026. Once online, we estimate our active hash rate will increase by approximately 7%, to a forecasted 825 PH/s from 771 PH/s as of June 30, 2026, on newer and more efficient hardware.”
1Unaudited
2Includes 307 BTC held for Arch loan facility
About PowerCompute
PowerCompute, Inc. (Nasdaq: PWCM) is a Bitcoin treasury and mining company expanding into high-performance computing and artificial intelligence infrastructure. Founded in 2008 and headquartered in Tampa, Florida, the Company operates 26 megawatts of wholly-owned power infrastructure across facilities in Oklahoma and Mississippi. The Company also operates a technology-enabled specialty finance business providing funding to nonprofit community associations primarily in the State of Florida. For more information, please visit https://www.power-compute.com.
This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company’s most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, the volatility of Bitcoin and other cryptocurrency prices, risks related to the use of Bitcoin as collateral for the Arch Facility, including the requirement to post additional collateral if the value of Bitcoin declines, our ability to satisfy the terms and conditions of the Arch Facility or to extend such loans on satisfactory terms, our ability to successfully enter and operate in the high-performance computing and AI infrastructure business, the availability and cost of GPU and related infrastructure equipment, the timely delivery, installation and energization of newly ordered mining equipment and our ability to realize anticipated increases in hash rate, competition in the HPC and AI compute market, our ability to finance our site acquisitions and cryptocurrency mining operations, the risks of operating in the cryptocurrency mining business and our ability to grow that business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, and our ability to identify and acquire additional mining sites. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business,
Aug 20, 2026
2 lmfa-ex99_1.htm
PowerCompute Announces July 2026 Production and Operational Update
Bitcoin treasury as of July 31, 2026 was 315.1 BTC valued at $20.2 million
Captured $91,000 in curtailment and energy sales revenue during the month
TAMPA, FL, August 20, 2026 — PowerCompute, Inc. (NASDAQ: PWCM) (“PowerCompute” or the “Company”), a Bitcoin treasury and mining company expanding into high-performance computing (“HPC”) and artificial intelligence (“AI”) infrastructure, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended July 31, 2026.
Metric
July 2025
June 2026
July 2026
- Bitcoin1
- Mined, net
5.9
8.7
7.9
- Sold
11.0
13.1
11.1
- Purchased
-
-
-
- Service Fee
-
-
-
- Bitcoin HODL
150.4
318.3
315.12
"July production of 7.9 Bitcoin reflected seasonal heat-related curtailment at our Oklahoma and Mississippi sites, which is typical for this time of year," said Bruce M. Rodgers, Chairman, Chief Executive Officer and President of PowerCompute. "That same curtailment generated approximately $91,000 of energy sales revenue during the month, and the ability to monetize our power when it is most valuable to the grid is precisely the flexibility that owning our infrastructure gives us.
Rodgers concluded, "We reduced Bitcoin sales month over month while maintaining treasury holdings above 315 Bitcoin. Our focus now is on converting owned, low-cost, energized power into higher-value compute, and we look forward to updating shareholders as that work progresses."
The Company estimates that the value of its 315.1 Bitcoin holdings on July 31, 2026, was approximately $20.2 million, based on a Bitcoin price of approximately $64,000 as of July 31, 2026. This total Bitcoin value has subsequently increased as of August 19, 2026, to approximately $21.5 million based on Bitcoin price of $68,200 as of that date.
The Company periodically sells Bitcoin from its treasury to fund operations and strategic initiatives. Proceeds from Bitcoin sales are reported as cash flows from investing activities in the Company's consolidated financial statements. Subsequent to the end of the month, in August,
1Unaudited
2Includes 307 BTC held for loan facility
the Company refinanced and consolidated approximately $18 million of debt into a single facility with Arch Lending secured by Bitcoin from its treasury, which allows the Company to use its Bitcoin as collateral rather than sell holdings to service that debt.
About PowerCompute
PowerCompute, Inc. (Nasdaq: PWCM) is a Bitcoin treasury and mining company expanding into high-performance computing and artificial intelligence infrastructure. Founded in 2008 and headquartered in Tampa, Florida, the Company operates 26 megawatts of wholly-owned power infrastructure across facilities in Oklahoma and Mississippi. The Company also operates a technology-enabled specialty finance business providing funding to nonprofit community associations primarily in the State of Florida. For more information, please visit https://www.power-compute.com.
This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company’s most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, the volatility of Bitcoin and other cryptocurrency prices, risks related to the use of Bitcoin as collateral for the Arch Facility, including the requirement to post additional collateral if the value of Bitcoin declines, our ability to satisfy the terms and conditions of the Arch Facility or to extend such loans on satisfactory terms, our ability to successfully enter and operate in the high-performance computing and AI infrastructure business, the availability and cost of GPU and related infrastructure equipment, competition in the HPC and AI compute market, our ability to finance our site acquisitions and cryptocurrency mining operations, the risks of operating in the cryptocurrency mining business and our ability to grow that business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, and our ability to identify and acquire additional mining sites. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.
Investor and Media Contact
KCSA Strategic Communications
Philip Carlson
pwcm@kcsa.com
212-8
Aug 14, 2026
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PowerCompute Reports Second Quarter 2026 Financial Results
Agreement with Vast.ai Marks the Company's Entry into the HPC and AI infrastructure Market
Revenues Increased 9.8% Year-Over-Year; Mined 27.9 Bitcoin in the Second Quarter of 2026
Subsequent to Quarter End, the Company Strengthened Its Balance Sheet by Refinancing $18 Million of Debt through New Debt Facility with Arch Lending, Significantly Lowering Interest Costs
TAMPA, Fla., August 14, 2026 -- PowerCompute, Inc. (NASDAQ: PWCM) (“PowerCompute” or the “Company”), a Bitcoin treasury and mining company expanding into high-performance computing (“HPC”) and artificial intelligence (“AI”) infrastructure, today reported financial results for the three and six months ended June 30, 2026.
Q2’26 Financial Results
• Total revenue for the quarter ending June 30, 2026 was $2.1 million, in line with Q1 2026 and up 9.8% year-over-year. The year-over-year increase reflects an increase in the number of miners actively mining and decreased difficulty rate offset in part by a decrease in Bitcoin price.
• The Company mined 27.9 Bitcoin during the second quarter at an average Bitcoin value of approximately $72,000, compared to 26.1 Bitcoin in Q1 2026 at an average Bitcoin value of approximately $75,700 and 18.4 Bitcoin in Q2 2025 at an average Bitcoin value of approximately $98,000. The increase in Bitcoin mined was attributable to an increase in the number of miners actively mining.
• Mining margin for the current quarter was 29.0% compared to a margin of 41.0% in Q2 2025. The Company generated approximately $145,000 in curtailment and energy sales for the 2026 second quarter as compared to $223,000 in Q2 2025. The decrease is primarily due to an approximately 27% decline in Bitcoin prices for Q2 2026 vs Q2 2025. Mining margin is calculated as digital mining revenues minus digital mining cost of revenues net of curtailment and energy sales.
• The Company incurred a $1.3 million negative fair market value adjustment on mined digital assets due to Bitcoin price at approximately $58,400 on June 30, 2026, as compared to approximately $107,250 June 30, 2025. The Company also incurred a $1.7 million negative fair market value adjustment on Digital (Bitcoin) accounts receivable in Q2 2026.
• As of August 9, 2026, the Company’s June 30, 2026 318.6 Bitcoin holdings (inclusive of Bitcoin held by Galaxy holdings) would be valued at approximately $20.7 million, based on a Bitcoin price of approximately $65,000 as of August 9, 2026.
• Net loss for the second quarter of 2026 was approximately $4.6 million, and Core EBITDA loss was approximately $2.8 million, compared with Q2 2025 net income of $0.1 million and Core EBITDA income of $2.6 million with the change being driven primarily by the $3 million in losses associated with the decrease in Bitcoin price in Q2 2026 versus the $3.8 million gain in the prior year quarter.
• As of June 30, 2026, cash was approximately $0.9 million, and Bitcoin holdings totaled 318.6 Bitcoin, which includes 174 Bitcoin held by Galaxy Digital as collateral in a Digital assets receivable account. The total of the holdings was valued at approximately $18.6 million, based on a Bitcoin price of approximately $58,400 as of June 30, 2026.
Q2’26 and Recent Operational Highlights
• Announced strategic expansion into HPC and AI infrastructure, leveraging the Company’s 26 MW of wholly-owned power infrastructure.
• Rebranded and renamed the Company to PowerCompute, Inc. (Nasdaq: PWCM). Effective on July 22, 2026, the Company began trading under the name and new ticker, to better align the Company identity with its expanded focus on delivering HPC and AI infrastructure alongside Bitcoin mining.
• Entered into an agreement with Vast.ai (“Vast”) to utilize its graphics processing unit (“GPU”) compute marketplace to monetize and launch a proof-of-concept study for the Company’s professional-grade GPUs located at its Oklahoma facility.
• Refinanced and consolidated the Company’s three existing $18 million debt facilities in the third quarter through a new debt facility with Arch Lending (the “Arch Facility”), that utilizes 307 Bitcoin (“BTC”) from the Company’s treasury as collateral. The new Bitcoin industry collateral loan with Arch utilizes a revolving 30-day term that carries an interest rate of approximately 2% APR, compared to 12% on the prior loans, substantially lowering the Company's cost of debt and strengthening its capital structure.
Management Commentary
"During the second quarter we made the decision to expand our strategic direction into HPC and AI infrastructure," said Bruce Rodgers, Chairman, President and Chief Executive Officer of PowerCompute. "Our power-first approach remains our central advantage: we own 26 megawatts of energized, low-cost capacity today, and greenfield power takes years to replicate. Our work now is converting that advantage into contracted compute revenue.
"Our pr
Jul 8, 2026
2 lmfa-ex99_1.htm
LM Funding America Announces June 2026 Production and Operational Update
- Bitcoin treasury as of June 30, 2026 was 318.3 BTC valued at $18.6 million or $0.72 per share1
TAMPA, FL, July 8, 2026 — LM Funding America, Inc. (Nasdaq: LMFA) (“LM Funding” or the “Company”), a Bitcoin treasury and mining company expanding into high-performance computing and artificial intelligence infrastructure, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended June 30, 2026.
Metric
May 2026
June 2026
- Bitcoin2
- Mined, net
9.8
8.7
- Sold
21.1
13.1
- Purchased
-
-
- Service Fee
-
-
- Bitcoin HODL
322.73
318.33
"June delivered monthly production of 8.7 Bitcoin reflecting higher temperatures during the month which effected efficiencies" said Bruce Rodgers, Chairman and Chief Executive Officer of LM Funding. "Notably, we achieved this result while still capturing approximately $30,000 in curtailment and energy-sales revenue for the month and forecast the total second quarter energy-sales revenue will total approximately $117,000."
The Company estimates that the value of its 318.3 Bitcoin holdings on June 30, 2026, was approximately $18.6 million or $0.72 per share, based on a Bitcoin price of approximately $58,600 as of June 30, 2026, compared to a stock share price of $0.15 as of June 30, 2026 close. This total Bitcoin value has subsequently increased as of July 7, 2026, to $20.4 million or $0.79 per share based on Bitcoin price of $64,000 as of that date.
About LM Funding America
LM Funding America, Inc. (Nasdaq: LMFA) is a Bitcoin treasury and mining company expanding into high-performance computing and artificial intelligence infrastructure. Founded in 2008 and headquartered in Tampa, Florida, the Company operates 26 megawatts of wholly-owned power infrastructure across facilities in Oklahoma and Mississippi. The Company also operates a technology-enabled specialty
1Bitcoin treasury calculated using 318.3 Bitcoin held as of 06/30/26 and Bitcoin price of approximately $58,600 as of 06/30/26. Bitcoin per share calculated using 25,928,535 diluted shares outstanding as of 06/30/26 which includes 23,366,535 shares outstanding (which reflects approximately 4,398,250 shares issued under the ATM in June 2026) and 2,562,000 pre-funded warrants with an exercise price of $0.001 per share as of 06/30/26.
2Unaudited
3Includes 174 BTC held by Galaxy for loan facility
finance business providing funding to nonprofit community associations primarily in the State of Florida. For more information, please visit https://www.lmfunding.com.
This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company’s most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, our ability to successfully enter and operate in the high-performance computing and AI infrastructure business, the availability and cost of GPU and related infrastructure equipment, competition in the HPC and AI compute market, our ability to finance our site acquisitions and cryptocurrency mining operations, the risks of operating in the cryptocurrency mining business and our ability to grow that business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, our ability to identify and acquire additional mining sites, our ability to acquire new accounts in our specialty finance business at appropriate prices, changes in governmental regulations that affect our ability to collect sufficient amounts on defaulted consumer receivables, changes in the credit or capital markets, changes in interest rates, and negative press regarding the debt collection industry. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.
Investor and Media Contact
KCSA Strategic Communications
Philip Carlson
pcarlson@kcsa.com
212-896-1233
Jun 23, 2026
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LM Funding America Announces Strategic Expansion into High-Performance Computing and AI Infrastructure
Company Orders Initial AI GPU Hardware, Markets Available Power Capacity to AI Customers, and Sees Potential $20M–$50M Annual Revenue Opportunity Assuming Full Buildout
TAMPA, FL, June 23, 2026 — LM Funding America, Inc. (Nasdaq: LMFA) (“LM Funding” or the “Company”), a Bitcoin treasury and mining company, today announced a strategic expansion into high-performance computing (“HPC”) and artificial intelligence (“AI”) infrastructure. The Company has ordered its initial AI GPU server hardware for this AI-HPC business expansion for deployment at its Oklahoma facility and is actively marketing its available power capacity at both of its facilities to qualified AI co-location and power hosting customers with additional capacity to follow as demand follows. The expansion leverages LM Funding’s 26 megawatts of wholly-owned, operational power infrastructure, which was built in fifteen months, is operated without outside management, and is currently carrying average power costs of approximately $0.046 per kilowatt-hour.
26 Megawatts. Fifteen Months. Built From Scratch.
LM Funding built its power infrastructure from zero to 26 wholly-owned megawatts in approximately fifteen months. The Company acquired and developed its Oklahoma facility in December 2024 and then in September 2025 acquired an underutilized facility from Greenidge Generation in Columbus, Mississippi — a site the Company has since expanded and optimized. Both facilities are operated entirely under LM Funding’s control, with power costs averaging approximately $0.046 per kilowatt-hour, which the Company believes is among the most competitive in the sector.
The Company currently operates approximately 22 megawatts of its capacity in active Bitcoin mining operations. All or a part of the Company’s megawatts are immediately addressable for AI-HPC deployment — available now for co-location, power hosting, or direct GPU compute operations, with the additional Bitcoin mining infrastructure to be quickly transitioned for AI-HPC requirements to the extent needed. LM Funding is actively marketing this capacity and welcomes inquiries from qualified counterparties.
The Company is additionally in discussions with its Oklahoma power provider regarding a potential capacity expansion of between 10 and 50 megawatts, subject to load studies and related assessments. LM Funding also continues to evaluate additional power site acquisitions with the objective of accumulating low-cost power assets that can be operated as Bitcoin mines and transitioned to AI as demand and infrastructure solutions mature.
The AI Compute Market Came to Our Sites
The Company believes that the defining constraint in AI infrastructure is no longer floor space or fiber — it is power. Industry analysts increasingly describe a “power-first deployment strategy” as the emerging model: modular GPU infrastructure deployed directly where low-cost, operational power already exists, enabling time-to-revenue measured in months rather than years. The Company believes that LM Funding’s Oklahoma and Mississippi facilities are well suited for this model.
The same attributes that define a high-quality Bitcoin mining operation — owned power, low and stable energy costs, operational infrastructure, and room to scale — are precisely what the AI compute market is seeking. New modular and containerized data center technologies are making GPU deployment viable at sites like LM Funding’s for the first time, and the Company believes the convergence of this infrastructure technology with accelerating customer demand creates a timely and compelling opportunity for operators with the Company’s profile.
First Steps: Hardware Ordered, Mississippi Capacity Available Now
As an initial and deliberate step, LM Funding has ordered GPU server hardware incorporating NVIDIA professional-grade graphics processing units for deployment at its Oklahoma facility. Upon deployment, this system will be listed on a GPU compute marketplace to generate early revenue and — equally important — to build the operational knowledge, unit economics, and staff capability the Company needs to execute at larger scale. The Company views this initial deployment as a proof of concept: real hardware, real workloads, and real data about what it takes to operate GPU infrastructure at its sites.
Simultaneously, LM Funding is marketing up to 10 megawatts of currently available capacity to qualified counterparties for AI co-location and power hosting. This capacity is operational, energized, and available now. Qualified parties interested in the Company's available capacity are invited to contact KCSA Strategic Communications using the investor contact information below.
LM Funding is also evaluating modular and containerized data center solutions designed specifically for the conversion of existing powe
May 15, 2026
2 lmfa-ex99_1.htm
LM Funding America, Inc. Reports First Quarter 2026 Financial Results
- Highest energized hashrate in Company history of approximately 790 PH/s reached in March 2026
- Highest monthly Bitcoin production in Company history of 9.6 BTC produced in March 2026
TAMPA, FL, May 15, 2026—LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin treasury and mining company, today reported financial results for the three months ended March 31, 2026.
Q1’26 Financial Highlights
• Total revenue for the quarter was $2.1 million, down 10.9% sequentially and 11.1% year-over-year. The sequential decrease reflects lower average Bitcoin prices.
• The Company mined 26.1 Bitcoin during the first quarter at an average price of approximately $75,700, compared to 22.0 Bitcoin in Q4 2025 at an average Bitcoin value of approximately $99,700 and 24.3 Bitcoin in Q1 2025 at an average Bitcoin value of approximately $93,600. The increase in Bitcoin mined was due to higher energized hashrate in Q1 2026 as compared to prior periods.
• Mining margin for the current quarter was 24.1% compared to a margin of 38.5% in Q1 2025. The Company generated approximately $368,000 in curtailment and energy sales for the 2026 quarter as compared to $150,000 in Q1 2025. Mining margin is calculated as digital mining revenues minus digital mining cost of revenues net of curtailment and energy sales.
• The Company incurred a $3.8 million negative fair market value adjustment on mined digital assets due to Bitcoin price at approximately $68,300 on March 31, 2026 as compared to approximately $82,500 on March 31, 2025. The Company also incurred a $3.2 million negative fair market value adjustment on Bitcoin collateral receivable in Q1 2026.
• Net loss for the first quarter of 2026 was approximately $10.1 million, and Core EBITDA2 loss was approximately $8.4 million, compared with Q1 2025 net loss of $5.4 million and Core EBITDA loss of $2.8 million with the change being driven primarily by non-cash loss on fair value of Bitcoin.
• As of March 31, 2026, cash was approximately $0.8 million, and Bitcoin holdings totaled 338.2 Bitcoin, which includes 174 Bitcoin held by Galaxy Digital in a Digital assets receivable account. The total of the holdings was valued at approximately $23.1 million, based on a Bitcoin price of approximately $68,300 as of March 31, 2026.
• As of April 30, 2026, the Company’s 334.0 Bitcoin holdings (inclusive of Galaxy holdings) were valued at approximately $25.3 million, based on a Bitcoin price of approximately $75,800 as of April 30, 2026, or $1.18 Bitcoin per share.1
1 Bitcoin per share calculated using 21,530,281 diluted shares outstanding as of April 30, 2026 which includes 17,352,281 shares outstanding and 4,178,000 warrants with an exercise price of $0.001 per share as of April 30, 2026.
2 Core EBITDA is a non-GAAP financial measure, and a reconciliation of Core EBITDA to net income can be found below.
Q1’26 and Recent Operational Highlights
• Record energized hashrate: Reached approximately 790 PH/s of energized hashrate in March 2026, the highest level in the Company's history, driven by the late-February deployment of approximately 300 Bitmain S19 XP miners and the January energization of the second BC40 Elite immersion-cooled unit at Oklahoma. March 2026 also represented the highest monthly Bitcoin production in the Company's history at 9.6 Bitcoin.
Management Commentary
"The first quarter reflected strong operating performance in a softer Bitcoin price environment," said Bruce Rodgers, Chairman and Chief Executive Officer of LM Funding. "We increased production, reached record hashrate, and maintained margins from the fourth quarter 2025, while remaining focused on our Bitcoin mining and treasury strategy. Our priority is execution and closing the gap between our public valuation and the underlying value of our Bitcoin holdings and platform.”
"The first quarter was the first full period during which our expanded fleet operated at scale across both wholly-owned sites," said Ryan Duran, President of U.S. Digital Mining. "We produced 26.1 Bitcoin across Oklahoma and Mississippi, energized our second BC40 Elite immersion-cooled unit at Oklahoma in January, and deployed approximately 300 Bitmain S19 XP miners at Oklahoma in late February — driving energized hashrate to approximately 790 PH/s in March, the highest in the Company's history. With ASIC efficiency gains compressing across recent generations, we believe our deployed S19 XP, S21, and S21 immersion fleet will retain its competitive position in the network meaningfully longer than equivalent hardware would have in prior cycles."
"First quarter revenue declined approximately 11% year-over-year to $2.1 million, primarily reflecting a lower average realized Bitcoin price, partially offset by a 19% sequential increase in Bitcoin production," said Richard Russell, Chief Financial Officer of LM
May 11, 2026
2 lmfa-ex99_1.htm
LM Funding America Announces April 2026 Production and Operational Update
- Bitcoin treasury as of April 30, 2026 was 334.0 BTC valued at $25.3 million or $1.18 per share1
TAMPA, FL, May 11, 2026 — LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin treasury and mining company, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended April 30, 2026.
Metric
March 2026
April 2026
- Bitcoin2
- Mined, net
9.6
9.4
- Sold
26.2
13.5
- Purchased
-
-
- Service Fee
-
-
- Bitcoin HODL
338.13
334.03
- Machines2
- Oklahoma
4,636
4,636
- Mississippi
2,368
2,368
- Storage
504
504
- Total Machines
7,508
7,508
- Hashrate (EH/s2)
- Oklahoma
0.56
0.56
- Mississippi
0.23
0.23
- Energized
0.79
0.79
"April marked a steady continuation of the operational profile we established in March, with production of 9.4 Bitcoin representing a slight sequential increase on a per-day basis," said Bruce Rodgers, Chairman and Chief Executive Officer of LM Funding. "We enter the seasonally warmer months with momentum and infrastructure positioned to capture the elevated curtailment revenue opportunities historically available to our Oklahoma site."
1Bitcoin treasury calculated using 334.0 Bitcoin held as of 04/30/26 and Bitcoin price of approximately $75,800 as of 04/30/26. Bitcoin per share calculated using 21,455,892 diluted shares outstanding as of 04/30/26 which includes 16,157,892 shares outstanding and 5,298,000 warrants with an exercise price of $0.001 per share as of 04/30/26.
2Unaudited
3Includes 174 BTC held by Galaxy for loan facility
The Company estimates that the value of its 334.0 Bitcoin holdings on April 30, 2026, was approximately $25.3 million or $1.18 per share, based on a Bitcoin price of approximately $75,800 as of April 30, 2026, compared to a stock share price of $0.24 as April 30, 2026 close.
About LM Funding America
LM Funding America, Inc. (Nasdaq: LMFA), operates as a Bitcoin treasury and mining company. The Company was founded in 2008 and is based in Tampa, Florida. The Company also operates a technology-enabled specialty finance business that provides funding to nonprofit community associations primarily in the State of Florida. For more information, please visit https://www.lmfunding.com.
This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company's most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, the risks of operating in the cryptocurrency mining business, our limited operating history in the cryptocurrency mining business and our ability to grow that business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, our ability to identify and acquire additional mining sites, the ability to finance our site acquisitions and cryptocurrency mining operations, our ability to acquire new accounts in our specialty finance business at appropriate prices, changes in governmental regulations that affect our ability to collect sufficient amounts on defaulted consumer receivables, changes in the credit or capital markets, changes in interest rates, and negative press regarding the debt collection industry. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.
For investor and media inquiries, please contact:
Investor Relations
OG Advisory Group
Yujia Zhai
LMFundingIR@orangegroupadvisors.com
Apr 13, 2026
2 lmfa-ex99_1.htm
LM Funding America Announces March 2026 Production and Operational Update
- Bitcoin treasury as of March 31, 2026 was 341.2 BTC valued at $22.9 million or $1.07 per share1
TAMPA, FL, April 13, 2026 — LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin treasury and mining company, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended March 31, 2026.
Metric
February 2026
March 2026
- Bitcoin2
- Mined, net
8.7
9.6
- Sold
18.1
23.1
- Purchased
-
-
- Service Fee
-
-
- Bitcoin HODL
354.73
341.23
- Machines2
- Oklahoma
4,586
4,586
- Mississippi
2,368
2,368
- Storage
559
559
- Total Machines
7,513
7,513
- Hashrate (EH/s2)
- Oklahoma
0.55
0.56
- Mississippi
0.23
0.23
- Energized
0.78
0.79
“March continued our improved mining performance as we produced 9.6 Bitcoin and reached our highest hashrate to date,” said Bruce Rodgers, Chairman and CEO of LM Funding. “We remain focused on converting that operational strength into Bitcoin accumulation while highlighting the significant disconnect between the value of our Bitcoin holdings and our current market valuation.”
“The 300 Bitmain S19 XP miners deployed at our Oklahoma facility last month resulted in our highest total hashrate to date," said Ryan Duran, President of USDM. "This expansion reflects our
1Bitcoin treasury calculated using 341.2 Bitcoin held as of 03/31/26 and Bitcoin price of approximately $67,300 as of 03/31/26. Bitcoin per share calculated using 21,455,892 diluted shares outstanding as of 03/31/26 which includes 16,157,892 shares outstanding and 5,298,000 warrants with an exercise price of $0.001 per share as of 03/31/26.
2Unaudited
3Includes 174 BTC held by Galaxy for loan facility
ongoing commitment to scaling our fleet and continuously improving mining output across all of our operations.”
“We renegotiated our $11 million Galaxy Digital Loan by extending the maturity date until June 26, 2026,” said Richard Russell, Chief Financial Officer. “The flexibility offered by Galaxy Digital will enable us to take advantage of any upside in Bitcoin.”
The Company estimates that the value of its 341.2 Bitcoin holdings on March 31, 2026, was approximately $22.9 million or $1.071 per share, based on a Bitcoin price of approximately $67,300 as of March 31, 2026, compared to a stock share price of $0.25 as March 31, 2026 close.
About LM Funding America
LM Funding America, Inc. (Nasdaq: LMFA), operates as a Bitcoin treasury and mining company. The Company was founded in 2008 and is based in Tampa, Florida. The Company also operates a technology-enabled specialty finance business that provides funding to nonprofit community associations primarily in the State of Florida. For more information, please visit https://www.lmfunding.com.
This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company's most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, the risks of operating in the cryptocurrency mining business, our limited operating history in the cryptocurrency mining business and our ability to grow that business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, our ability to identify and acquire additional mining sites, the ability to finance our site acquisitions and cryptocurrency mining operations, our ability to acquire new accounts in our specialty finance business at appropriate prices, changes in governmental regulations that affect our ability to collect sufficient amounts on defaulted consumer receivables, changes in the credit or capital markets, changes in interest rates, and negative press regarding the debt collection industry. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.
For investor and media inquiries, please contact:
Investor Relations
OG Advisory Group
Yujia Zhai
LMFundingIR@orangegroupadvisors.com
Mar 27, 2026
2 lmfa-ex99_1.htm
LM Funding America, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results
- Fourth quarter revenue of $2.4 million, up 8.7% sequentially and 19.2% year-over-year
TAMPA, FL, March 27, 2026—LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin treasury and mining company, today reported financial results for the three and twelve months ended December 31, 2025.
Fourth Quarter 2025 Financial Highlights
• Total revenue for the fourth quarter ended December 31, 2025 was $2.4 million dollars, up 8.7% sequentially from Q3 2025 and 19.2% for the quarter year-over-year. The sequential increase reflects higher Bitcoin production but partial offset by a lower average Bitcoin price.
• The Company mined 22.0 Bitcoin during the fourth quarter 2025 at an average price of approximately $99,700, compared to 17.6 Bitcoin in Q3 2025 at an average Bitcoin value of approximately $114,000. The sequential increase in mined Bitcoin was due to higher energized hashrate in Q4 2025.
• Mining margin for the fourth quarter ended December 31, 2025 was 25%, compared to a margin of 49% in Q3 2025. The sequential decline was driven primarily by a lower average Bitcoin price, followed by lower curtailment and energy sales (approximately $133,000 in Q4 2025 compared to $150,000 in Q3 2025). These factors were partially offset by higher mining uptime as a result of the Company’s Mississippi facility being fully online beginning in October 2025.
• Net loss for the fourth quarter ended December 31, 2025 was $17.9 million and Core EBITDA loss was $9.3 million, compared to net income of $1.0 million and Core EBITDA of $3.8 million in Q4 2024. The Q4 2025 net loss was driven by four primary factors: (i) a combined $7.8 million non-cash Bitcoin fair value impact, comprising a $4.8 million mark-to-market loss on the Company's Bitcoin holdings within operating expenses and a $3.0 million fair value loss on the digital assets receivable held as collateral under the Galaxy Digital loan facility — reflecting a decline in Bitcoin price from approximately $114,000 at September 30, 2025 to approximately $88,000 at December 31, 2025; (ii) a $5.4 million non-cash impairment loss on mining equipment driven by the lower Bitcoin price environment; (iii) depreciation and amortization associated with the Company's expanded asset base; and (iv) higher operating expenses related to the full-quarter integration of the Mississippi facility acquired in Q3 2025. Mining margin consists of revenues minus digital mining costs and curtailment and energy sales.
• As of December 31, 2025, cash was approximately $1.4 million, and Bitcoin holdings totaled 356.4 Bitcoin which includes 145 Bitcoin held by Galaxy Digital in a Digital assets receivable account, valued at approximately $31.2 million based on Bitcoin price of approximately $87,500, as of December 31, 2025.
• As of February 28, 2026, the Company held 354.7 Bitcoin which includes 174 Bitcoin held by Galaxy Digital in a Digital assets receivable account, valued at approximately $23.8 million, based on a Bitcoin price of approximately $67,000 as of February 28, 2026, or $1.11 Bitcoin per share1.
1 Calculated using 21,455,892 diluted shares outstanding as of February 28, 2026.
1
Q4’25 and Recent Operational Highlights
• Oklahoma immersion-cooled expansion: Energized first BC40 Elite immersion-cooled unit at Oklahoma in December 2025, powering 160 Bitmain S21 immersion miners, which added approximately 35 PH/s to our energized hashrate. In January 2026, the company energized its second unit, bringing total energized hashrate to approximately 782 PH/s as of February 2026.
• Bitcoin holdings growth: Bitcoin holdings grew from approximately 150 Bitcoin to 356.4 Bitcoin during 2025, more than doubling, including 164 Bitcoin acquired in August 2025 and 47 Bitcoin in December 2025.
Management Commentary
“2025 was a transformational year for the Company. We entered the year with a fragmented mining business and a modest Bitcoin treasury. We exited the year with two wholly-owned, low-cost-power sites, a vertically integrated platform, a streamlined capital structure, and a substantially larger Bitcoin treasury,” said Bruce Rodgers, Chairman and CEO of LM Funding. “Over the course of the year, we expanded operational capacity to 26 MW across Oklahoma and Mississippi and increased our Bitcoin holdings to more than 356 Bitcoin at year end, more than double where we started. As we enter 2026, our focus is shifting from building the foundation to scaling production, improving efficiency, and increasing Bitcoin per share.”
“We started the year operating a single site in Oklahoma and ended it with two wholly owned sites totaling 22.5 MW energized and approximately 750 PH/s at year-end, with further expansion continuing into early 2026,” said Ryan Duran, President of the Company’s US Digital Mining subsidiary. “Operationally, we relocated
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