LM Funding

What LM Funding does

LM Funding America, Inc. (NASDAQ: LMFA) is a Tampa, Florida-based holding company that operates three distinct business lines following a strategic pivot from its 2008 origins in specialty finance. The legacy business purchases delinquent receivables from nonprofit community associations primarily in Florida, offering funding products including the New Neighbor Guaranty program, and engages law firms on a deferred billing basis to collect outstanding assessments from non-paying unit owners. Revenue from this segment is generated through collection proceeds, interest, and administrative late fees.

The company's primary growth engine is its wholly-owned subsidiary US Digital Mining and Hosting Co., LLC, which commenced Bitcoin mining operations in late September 2022 and now operates 7,508 mining machines across Oklahoma and Mississippi facilities, producing a combined hashrate of 0.79 EH/s. The facilities utilize proprietary BC40 Elite immersion cooled Foghashing units housing Bitmain S21 immersion miners, powered by 26 MW of wholly-owned power infrastructure built at an average cost of approximately $0.046 per kilowatt-hour. The company has also accumulated a Bitcoin treasury of over 300 BTC, financed primarily through repeated registered direct equity offerings and a Bitcoin-collateralized loan facility with Galaxy Digital.

In June 2026 the company announced a strategic expansion into high-performance computing and AI infrastructure, ordering NVIDIA GPU server hardware for the Oklahoma facility and marketing approximately 10 MW of available capacity to AI co-location customers. If fully built out across the current 26 MW footprint, the company projects potential annual revenues of $20-50 million from this vertical. The company remains small (1-10 employees), is publicly traded with concentrated insider ownership (CEO Bruce Rodgers approximately 28.54%, CFO Richard Russell approximately 27.85% as of August 2024), and is currently subject to a Nasdaq minimum bid price compliance notice with a grace period expiring July 6, 2026.

Name

LM Funding

Legal name

LM Funding America, Inc.

Website

https://www.power-compute.com

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

LM Funding America (NASDAQ: LMFA) is a Tampa-based holding company operating a Bitcoin mining subsidiary (US Digital Mining) with 26 MW of owned power infrastructure, a legacy specialty finance unit serving Florida community associations, and a newly launched AI co-location service targeting enterprise GPU compute tenants.

Ownership category

akta.pro rank

Product category

Cryptocurrency Mining & Specialty Finance

NAICS

Sales Financing (52222), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Finance Services (6199), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Mining Finance, Leasing & Hashrate-Backed Financing (FSADAOAH)

akta.pro secondary industries

Digital Asset Custody & Key Management (MPC, HSM, Wallet Infra) (FSAGAMAB), MPC / HSM / Key Management Infrastructure (FSADACAC)

Keywords

• Bitcoin mining operations
• Specialty finance services
• AI infrastructure colocation
• Community association funding
• Digital asset treasury

Headquarters

HQ city

Tampa

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Technology or R&D, Personnel

Revenue model

1. Bitcoin Mining Revenue: Revenue generated from Bitcoin mining operations through computing power validation on the Bitcoin network. The company operates 7,508 mining machines with combined hashrate of 0.79 EH/s across Oklahoma and Mississippi facilities. Q4 2025 revenue was $2.4 million, up 19.2% year-over-year, driven by increased Bitcoin production and higher energized hashrate.
2. Specialty Finance - Association Funding: Legacy business providing funding to nonprofit community associations primarily in Florida. The company purchases delinquent account rights from Associations and engages law firms for collection on a deferred billing basis. Revenue derived from collection proceeds, interest, and administrative late fees collected from account debtors.
3. AI Co-location Services: New revenue stream from marketing available power capacity at Oklahoma and Mississippi locations to AI co-location customers. The company projects potential annual revenues of $20 million to $50 million if achieving full AI buildout of current 26-megawatt capacity.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

LM Funding America operates a diversified business with two primary lines: (1) US Digital Mining (USDM), a debt-free Bitcoin mining operation running 7,508 mining machines at facilities in Oklahoma and Mississippi with a combined hashrate of 0.79 EH/s and 26 MW of wholly-owned power infrastructure; and (2) LM Funding, a legacy specialty finance business that purchases delinquent account receivables from nonprofit community associations, primarily in Florida, and collects on those accounts through partner law firms. The company also markets available power capacity to AI co-location customers as a new growth line.

Product overview

LM Funding America operates as a diversified company with two primary business lines: (1) US Digital Mining (USDM), a Bitcoin mining operation utilizing debt-free infrastructure with immersion cooling technology at Oklahoma and Mississippi facilities producing approximately 0.79 EH/s hashrate; and (2) LM Funding, a legacy specialty finance business providing funding to nonprofit community associations in Florida through various financial products including the New Neighbor Guaranty program. The company also maintains a Bitcoin treasury strategy holding over 300 BTC. In 2026, the company announced expansion into AI infrastructure and high-performance computing, deploying NVIDIA GPU servers at its Oklahoma facility to market power capacity to AI co-location customers.

Differentiator

Problem solved

Functional benefit

Brands

• New Neighbor Guaranty™: A specialty finance program where an Association assigns substantially all of its outstanding indebtedness and accruals on delinquent units to the company in exchange for payment by the company of monthly dues on each delinquent unit, simultaneously eliminating the Association's bad debts and providing guaranteed monthly payments.

Products and services

• US Digital Mining (USDM) Debt-free Bitcoin mining operation in the United States running 7,508 immersion-cooled mining machines across Oklahoma and Mississippi facilities, with a combined hashrate of approximately 0.79 EH/s. Generates revenue by validating transactions on the Bitcoin network.
• LM Funding Specialty Finance (Community Association Funding) Technology-enabled specialty finance business that purchases delinquent account receivables from nonprofit community associations (condos, HOAs, co-ops) primarily in Florida and recovers funds through partner law firms on a deferred billing basis, including the New Neighbor Guaranty program that converts association bad debt into guaranteed monthly payments.
• Bitcoin Treasury Strategy Long-term Bitcoin treasury accumulation program through which LM Funding America holds Bitcoin on its balance sheet as a store of value and capital allocation strategy, with holdings growing from approximately 150 BTC in early 2025 to over 356 BTC by April 2026.
• AI Infrastructure / High-Performance Computing Co-location New co-location service marketing up to 10 MW of the company's 26 MW wholly-owned power infrastructure in Oklahoma and Mississippi to enterprise AI and HPC customers needing GPU compute and power capacity, with NVIDIA GPU servers deployed for high-performance computing workloads and projected potential annual revenue of $20-50 million at full buildout.

Quantifiable outcome

• Hashrate capacity increased 75% by year-end 2025 compared to year-end 2024
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Hive Digital Technologies: Public Bitcoin miner that has expanded into AI/HPC cloud services and GPU compute. Comparable for dual-track BTC mining and AI compute business model at similar market cap tier.
• Marathon Digital Holdings: Largest publicly traded pure-play Bitcoin miner in the US, operating large-scale hashrate and holding significant BTC treasury. Most directly comparable by business model and publicly traded equity exposure to Bitcoin mining economics.
• Riot Platforms: Public Bitcoin miner with vertically integrated power infrastructure in Texas at low-cost electricity. Comparable for owning power assets, operating industrial-scale BTC mining, and pursuing HPC/AI optionality on existing infrastructure.
• CleanSpark: Public Bitcoin miner operating low-cost mining facilities in the US with focus on energy efficiency. Comparable in operational focus on cost-per-kWh optimization and pure-play Bitcoin mining exposure.
• Hut 8: Public Bitcoin miner pivoting into AI/HPC infrastructure with existing power assets. Particularly relevant peer given LMFA's parallel BTC-to-AI pivot strategy and infrastructure-led business model.
• Iris Energy (IREN): Public Bitcoin miner that has actively pivoted to AI cloud services using renewable-powered data centers. Direct comparable for BTC miner pursuing AI/HPC co-location strategy with low-cost power.
• Cipher Mining: Public Bitcoin miner operating industrial-scale facilities with focus on low-cost power. Comparable for vertically integrated power infrastructure approach to BTC mining economics.
• Bitfarms: Public Bitcoin miner with operations across multiple US and Canadian sites. Comparable for small-to-mid-cap public BTC miner status and similar operational scaling approach.
• Bit Digital: Public crypto company that has pivoted from Bitcoin mining to AI/HPC services with NVIDIA hardware. Closest comparable peer given similar small-cap status, BTC treasury strategy, and recent AI pivot.
• Stronghold Digital Mining: Public Bitcoin miner operating power-asset-integrated mining facilities with focus on waste coal power. Comparable for vertically integrated power infrastructure model in BTC mining.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/lmfunding
• YouTubeyoutube.com/channel/UCfuYQbNdpTKb7zP8X-Nk5Gg/videos
• Facebookfacebook.com/LmFunding
• LinkedInlinkedin.com/company/lm-funding-llc
• Instagraminstagram.com/lm_funding

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries4 records

Funding overview

Funding rounds7 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LM Funding