LM Funding America (LMFA) investor relations material

Executive summary

• Acquired and integrated an 11 MW Mississippi mining site, expanding total capacity to 26 MW across two sites and energizing 7.5 MW in September 2025.

• Raised $21.3 million in August 2025, using proceeds to purchase 164 Bitcoin and strengthen the Bitcoin treasury, increasing holdings to 304.5 BTC by September 30, 2025.

• Completed $8 million private repurchase of 3.3 million shares and 7.2 million warrants, followed by a $1.5 million authorized share buyback program.

• Achieved a 27.8% increase in Bitcoin production in October 2025 compared to September 2025, with a focus on increasing Bitcoin per share and intrinsic value.

• Enhanced mining fleet with Bitmain S21 immersion-cooled machines, expected to further boost efficiency and output.

Financial highlights

• Q3 2025 revenue reached $2.2 million, up 13% sequentially and 74% year-over-year, driven by higher Bitcoin prices and new Mississippi facility contributions.

• Mining margin improved to 49% in Q3 2025, up from 41% in Q2 2025, due to mining efficiencies and energy sales.

• Net loss for Q3 2025 was $3.7 million; Core EBITDA loss was $1.4 million, both improved from prior year quarter, mainly from increased staff and payroll costs.

• Bitcoin holdings at quarter-end were 304.5 BTC valued at $34.7 million, or $2.62 per share.

• Cash at quarter-end was $0.3 million; total current assets were $18.2 million and total current liabilities $9.9 million.

Outlook and guidance

• Oklahoma 2 MW immersion expansion scheduled for energization in December 2025, expected to improve efficiency and uptime.

• Focus remains on increasing production, efficiency, and Bitcoin per share, with disciplined, per-share focused growth and M&A targeting 5–20 MW sites.

• Plans to balance Bitcoin accumulation, strategic investment, and opportunistic share repurchases to maximize per-share value.