LM Funding (LMFA) Q1 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, April 9, 2026 astatine 9:48 AM CDT 9 min read

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Monday, March 31, 2025 astatine 8 a.m. ET

• Chief Executive Officer — Bruce Rodgers

• President, U.S. Digital Mining — Ryan Duran

• Chief Financial Officer — Richard Russell

Bruce Rodgers: Thanks, Cody. Good greeting and convey you for joining america today. The archetypal 4th of 2025 marked different play of beardown execution and strategical advancement for LM Funding. Since entering the Bitcoin mining concern successful 2021, we person transitioned from an asset-like exemplary to a vertically integrated operator, gaining afloat power of our fleet, improving margins, and reducing operational risks. We mined 24.3 Bitcoin for the quarter, continuing to standard our accumulation capabilities portion improving our operational efficiency. In parallel, we've begun monetizing our curtailment vigor income by selling vigor backmost to the grid during periods of highest demand, creating a earthy hedge against Bitcoin terms volatility, and further reducing our outgo of operations.

Our disciplined attack to outgo absorption besides drove a meaningful simplification successful operating expenses arsenic we proceed to physique a leaner, much agile, vertically integrated concern without compromising performance. Rick volition screen this successful much item shortly. We're seeing advancement successful borderline improvements and outgo control, furthering our disciplined maturation strategy. Finally, we again telephone attraction to the disparity betwixt the worth of our Bitcoin held versus our marketplace cap. On April 30th, we held 148.7 Bitcoin. Given a marketplace terms of $104,000 per Bitcoin, our Bitcoin holdings would beryllium worthy $15.5 cardinal oregon astir $3.01 per share, erstwhile our banal is trading astatine $1.87 arsenic of May 13th close.

I'll present crook the telephone implicit to Ryan Duran, our President of U.S. Digital Mining, to reappraisal our operational highlights successful much detail. Ryan?

Ryan Duran: Thank you, Bruce. In the archetypal quarter, we focused connected maximizing the operational ratio of our existing infrastructure portion targeting strategical maturation opportunities. We achieved 560 petahash astatine the extremity of March, deployed LuxOS upgrades crossed our Oklahoma fleet, and executed our archetypal powerfulness income backmost to the grid. In May, we ordered 2 1 megawatt immersion mining containers for our antecedently announced 2 megawatt enlargement of our Oklahoma site. We expect to implicit operation and energization by the extremity of 3rd quarter, pending planetary shipping timelines. We judge the displacement to immersion cooling marks a meaningful advancement successful our operational strategy. This exertion volition let america to run successful crowded and harsh environments that connection entree to lower-cost power.