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Stock impact report

LM Funding (LMFA) Q4 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, U.S. Digital Mining — Ryan Duran Chief Financial Officer — Richard Russell Need a quote from a Motley Fool analyst? Email pr@fool.com TAKEAWAYS Bitcoin Mined -- 170.6 Bitcoin in 2024, with 21.7 Bitcoin in the fourth quarter and 16.1 Bitcoin mined through February 2025. Revenue -- $11 million for 2024 and $2 million for the fourth quarter; fourth-quarter revenue decreased from $4.1 million in the prior year due to the April 2024 Bitcoin halving event and delayed machine activation at the Oklahoma site. Core EBITDA -- $3.9 million in 2024 and $3.3 million in the fourth quarter, almost tenfold year-over-year growth for the latest quarter. Net Income -- $2 million in the fourth quarter, in contrast to a net loss of $1.6 million a year earlier; the increase is attributed to $4.3 million in fair value gains on Bitcoin holdings, which exceeded operating expenses. Average Bitcoin Price -- Approximately $61,000 for 2024 and $83,000 in the fourth quarter. Bitcoin H Show less Read more
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