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LM Funding reports Q1 2026 loss amid record Bitcoin mining output and lower Bitcoin prices

Company Fundamentals
15 May 2026
GlobeNewsWire
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Neutral
pluang ai news

LM Funding America reported a net loss of $10.1 million in Q1 2026 despite reaching a record energized hashrate of 790 PH/s and producing 26.1 Bitcoin, the highest quarterly output in company history. Revenue declined 11% year-over-year due to lower average Bitcoin prices, though Bitcoin production increased by 19% sequentially. The company faced significant non-cash losses from Bitcoin fair value adjustments as prices fell to around $68,300 by quarter-end. LM Funding continues to expand its mining capacity and holds 338.2 Bitcoin valued at $23.1 million as of March 31, 2026, aiming to close the valuation gap between its public stock price and Bitcoin holdings.

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