The following is a summary of the LM Funding America, Inc. (LMFA) Q3 2024 Earnings Call Transcript:

Financial Performance:

• LMFA reported a Q3 2024 revenue of approximately $1.3 million, a decrease of $2.1 million year-over-year.

• The company held 142.3 Bitcoins valued at approximately $12.4 million.

• Total operating expenses decreased to $5.6 million from $6.6 million in the previous year.

Business Progress:

• LMFA's strategic shift focuses on vertical integration, securing low-cost sustainable power mining sites.

• 3,700 Bitcoin mining machines are currently operational, with an additional 2,200 machines awaiting deployment.

• The company is actively seeking additional cost-effective hosting sites for expansion.

Opportunities:

• Post-Bitcoin halving, LMFA capitalized on expiring high-cost contracts for strategic relocation to cost-effective facilities.

• Ongoing integration of advanced software and technology aims to boost hash rates and increase operational efficiency.

• Future expansion plans include securing sites with low-cost power.

Risks:

• The decline in revenue reflects the challenges post-April 2024 Bitcoin halving event and miner repositioning efforts.

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