✅ LM Funding America Q4 sequential revenue rises on higher Bitcoin production

Powercompute

27/03/2026 11:44

Corrects to remove extraneous symbol in headline; corrects second bullet of Overview section to say company reported adjusted EBITDA loss, not "adjusted EBITDA loss widened"

Overview

Bitcoin miner's Q4 revenue rose 19% yr/yr

Reported adjusted EBITDA loss of $9.3 mln

Mining margin fell to 25% from 49% in Q3, mainly due to lower bitcoin prices

Outlook

Company says focus in 2026 is on scaling production, improving efficiency, and increasing bitcoin per share

LM Funding expects early 2026 production to reflect highest energized hashrate and bitcoin output in its history

Result Drivers

HIGHER BITCOIN PRODUCTION - Sequential revenue growth was driven by increased bitcoin production as the Mississippi facility ramped up and Oklahoma saw improved uptime, per CFO Richard Russell

LOWER BITCOIN PRICE - Mining margin declined mainly due to a lower average bitcoin price, which also led to significant non-cash losses on bitcoin holdings and equipment impairment

HIGHER OPERATING EXPENSES - Full-quarter integration of the Mississippi facility increased operating expenses, contributing to the net loss

Company press release: ID:nGNX5ZqrWF

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$2.40 mln
Q4 Net Income
-$17.90 mln
Q4 Adjusted EBITDA
-$9.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"

Wall Street's median 12-month price target for LM Funding America Inc is $4.50, about 1,306.2% above its March 26 closing price of $0.32

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)