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LM Funding (LMFA) Q3 2024 Earnings Call Transcript [Globe and Mail, The (Toronto, Canada)]

LM Funding America, Inc. (LMFA) 
US:NASDAQ Investor Relations: ir.lmfunding.com/investor-overview
President of U.S. Digital Mining — Ryan Duran Chief Financial Officer — Richard Russell Director of Investor Relations — Ted Ayvas TAKEAWAYS Bitcoin Miners Deployed -- 3,700 active units in operation, with another 2,200 stored and pending redeployment. Total Mining Capacity -- Approximately 639 petahash across 5,900 miners, reflecting the current hash rate potential. Bitcoin Mined -- 18.5 Bitcoins produced during the quarter, generating about $1.1 million in revenue at an average Bitcoin price of $61,000. Total Revenue -- $1.3 million, a decrease of $2.1 million year over year, attributed to the April 2024 Bitcoin halving and miner repositioning. Operating Expense -- $5.6 million for the quarter, down from $6.6 million year over year, reflecting a $2 million decline in digital mining costs offset in part by a $0.8 million increase in depreciation and amortization. Core EBITDA Loss -- $1.6 million, widening from a $0.6 million loss year over year, while positive $0.6 Show less Read more
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