Bitcoin miner LM Funding misses Q3 revenue estimates

LM Funding's Q3 revenue grew 73.5% year-over-year but missed analyst expectations. The company reported a net loss of $3.7 million and an adjusted EBITDA that also missed estimates. LM Funding acquired an 11 MW Bitcoin mining facility in Mississippi and plans to expand its Oklahoma site by December 2025. The company aims to improve Bitcoin production and shareholder value through buybacks. Analysts rate the stock as a 'buy' with a 12-month price target of $4.50, significantly above the current price.

)

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/Mis Actual Consensu

s s

Estimate

Q3 Miss $2.20 $2.50

Revenue mln mln (2

Analysts

)

Q3 EPS -$0.41

Q3 Net -$3.70

Income mln

Q3 Miss -$1.40 -$300,00

Adjusted mln 0 (1

EBITDA 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: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (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.)