Bitcoin miner LM Funding misses Q3 revenue estimates
Overview
LM Funding Q3 revenue grows 73.5% yr/yr but misses analyst expectations
Net loss for Q3 was $3.7 mln, adjusted EBITDA missed analyst expectations
Company acquired 11 MW Bitcoin mining facility in Mississippi, boosting production
Outlook
Company anticipates Oklahoma site expansion to energize in December 2025
LM Funding expects improved Bitcoin production and efficiency from Oklahoma expansion
Company aims to enhance Bitcoin per share and shareholder value through buybacks
Result Drivers
MISSISSIPPI ACQUISITION - Acquisition of 11 MW Bitcoin mining facility increased production despite higher curtailment and difficulty rates
MINING MARGIN IMPROVEMENT - Margin improved to 49% due to eliminating hosting costs, energy sales, and higher fleet efficiency
BITCOIN TREASURY EXPANSION - Raised $21.3 mln to enhance Bitcoin treasury, strengthening balance sheet and long-term position
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $2.20 mln | $2.50 mln (2 Analysts) |
Q3 EPS |
| -$0.41 |
|
Q3 Net Income |
| -$3.70 mln |
|
Q3 Adjusted EBITDA | Miss | -$1.40 mln | -$300,000 (1 Analyst) |
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 75.8% above its November 13 closing price of $1.09
Press Release: ID:nGNX736s4P
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
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