Overview

• Bitcoin miner's Q1 revenue fell 11% yr/yr amid lower average Bitcoin prices

• Company posted Q1 net loss of $10.1 mln, wider than prior year

• Record monthly Bitcoin production and hashrate reached in March 2026

Outlook

• Company did not provide specific guidance for the current quarter or full year

Result Drivers

• RECORD HASHRATE AND PRODUCTION - Co reached highest energized hashrate and monthly Bitcoin production in March 2026, driven by new miner deployments and expanded operations at Oklahoma, per President Ryan Duran

• LOWER BITCOIN PRICES - Revenue and profitability were negatively affected by a lower average realized Bitcoin price, per CFO Richard Russell

• NON-CASH FAIR VALUE LOSSES - Net loss was driven primarily by non-cash fair value adjustments on Bitcoin and Bitcoin collateral, per CFO Richard Russell

Company press release: ID:nGNXbhqjfB

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Meet	$2.10 mln	$2.10 mln (1 Analyst)
Q1 Net Income		-$10.10 mln
Q1 Adjusted EBITDA	Miss	-$8.40 mln	-$1.20 mln (1 Analyst)

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"

• Wall Street's median 12-month price target for LM Funding America Inc is $1.00, about 291.4% above its May 14 closing price of $0.26

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