LM Funding America, Inc. Q2 FY2025 Earnings Call

· Earnings call transcript and AI-powered summary

Key Highlights
  • Strategic Acquisition: Signed agreement on August 1, 2025 to acquire an 11-megawatt Bitcoin mining site in Columbus, Mississippi for $3.9 million (~$355,000 per MW). The acquisition is set to close by September 16, 2025 and is fully funded via existing balance sheet.
  • Mining Expansion: Total capacity post-acquisition will increase to 26 megawatts—equivalent to approximately 1.7 exahash—enhancing vertical integration and reducing reliance on third-party hosting.
  • Relocation of Equipment: Completed relocation of 800 miners from a third-party Kentucky site to the company’s Oklahoma facility, improving operational efficiency and reducing power costs by ~40%.
  • Immersion Cooling: Progress continues on the 2-megawatt immersion-based expansion in Oklahoma. Two 1MW immersion containers expected to arrive in Q3 2025 and energize by year-end.
  • Treasury Holdings: Held 155.5 Bitcoins valued at $16.7 million as of June 30, 2025; slightly decreased to 150.4 Bitcoins valued at $17.8 million by July 31, 2025.
Financial Performance (Q2 2025 vs. Q1 2025 and Q2 2024)
  • Total Revenue: $1.9 million (down from $2.4 million in Q1 2025)
  • Bitcoin Mined: 18.4 BTC (slight decline from Q1 due to power curtailment and miner relocation)

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Operator: Good day, and thank you for standing by. Welcome to the LM Funding America, Inc. Second Quarter 2025 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Cody Fletcher, Director of Orange Group Advisor. Please go ahead. Cody Fletcher: Thank you, operator, and thank you all for joining LM Funding America's Second Quarter 2025 Earnings Conference Call. Joining us today are Chairman and CEO, Bruce Rodgers, President of U.S. Digital Mining, Ryan Duran; and CFO, Richard Russell. For today's call, we have uploaded an accompanying supplemental investor presentation, which can be found under the Events section of LM Funding's Investor Relations website. Before we get started, please note that our remarks today may include forward-looking statements. These statements are subject to risks and uncertainties, and actual results may differ materially. We will also reference certain non-GAAP financial measures today. Please refer to our 10-Q filing and our website for a full reconciliation of these non-GAAP performance measures to the most comparable GAAP measures. For a more comprehensive discussion of these and other risks, please refer to our filings with the SEC available on sec.gov and in the Investors section of our website at www.lmfunding.com/investors. I'll now turn the call over to our CEO, Bruce Rodgers. Bruce? Bruce Martin Rodgers: Thanks

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