LM Funding America Inc. May Issue Up to $75 Million in Common Stock Through ATM Agreement, According to SEC Filing
Funding Announcement: A funding initiative has been launched by a company named "Game America Inc." offering up to $75 million under a new agreement.
SEC Filing: The details of this funding offer have been filed with the Securities and Exchange Commission (SEC).
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Funding Announcement: A funding initiative has been launched by a company named "Game America Inc." offering up to $75 million under a new agreement.
SEC Filing: The details of this funding offer have been filed with the Securities and Exchange Commission (SEC).

Funding Announcement: GameAmerica Inc. has entered into a significant funding agreement with Maxim Group LLC.
Effective Date: The agreement is set to take effect on March 27, 2026.
- Business Transformation: LM Funding America underwent a significant transformation in 2025, evolving from a single-site miner to a multi-site vertically integrated platform, ending the year with over 356 Bitcoins valued at approximately $31.2 million, thereby strengthening the foundation for future growth.
- Production Capacity Increase: By the end of 2025, the company achieved a total of 750 petahash across two sites in Oklahoma and Mississippi, a substantial increase from 560 petahash at the beginning of the year, demonstrating proactive progress in expanding production capabilities.
- Financial Performance: Total revenue for Q4 2025 reached $2.4 million, an 8.7% sequential increase and a 19% year-over-year rise, although the mining margin fell to 25% due to declining Bitcoin prices, the production of 22 Bitcoins partially offset the revenue compression.
- Future Outlook: Management anticipates focusing on improving production efficiency and increasing Bitcoin per share in 2026, with plans to leverage expansions in Mississippi and ongoing operations in Oklahoma, despite challenges posed by market volatility.
- Revenue Growth: LM Funding America reported Q4 revenue of $2.36 million, reflecting an 18.6% year-over-year increase and an 8.7% sequential rise, indicating the company's ongoing growth potential in Bitcoin production.
- Increased Bitcoin Production: The company mined 22.0 Bitcoins in Q4, up from 17.6 in Q3, primarily due to a higher energized hashrate, although the average Bitcoin price fell to approximately $99,700.
- Declining Profitability: The mining margin for Q4 was 25%, significantly lower than the 49% margin in Q3, highlighting the impact of Bitcoin price fluctuations on the company's profitability.
- Market Outlook: Despite an EPS of -$1.33 indicating short-term financial challenges, the growth in revenue and Bitcoin production lays a foundation for potential recovery and future growth.
- Revenue Growth: In Q4 2025, LM Funding reported revenue of $2.4 million, reflecting an 8.7% sequential increase and a 19.2% year-over-year rise, driven by higher Bitcoin production despite a decline in average Bitcoin prices.
- Increased Bitcoin Production: The company mined 22.0 Bitcoin in Q4 2025, a 25% increase from 17.6 Bitcoin in Q3 2025, attributed to higher energized hashrate, although the average Bitcoin price fell from $114,000 to $99,700.
- Widening Losses: The net loss for Q4 was $17.9 million, with a Core EBITDA loss of $9.3 million, primarily due to non-cash fair value losses on Bitcoin and impairment losses on mining equipment, indicating significant financial pressure in the current market.
- Bitcoin Holdings Growth: As of December 31, 2025, the company's Bitcoin holdings increased from approximately 150 to 356.4 Bitcoin, showcasing its aggressive expansion in the Bitcoin market despite facing price volatility challenges.
Funding Announcement: GameAmerica, Inc. has announced a funding adjustment for Q4, reflecting a decrease in adjusted EBITDA.
Financial Impact: The adjusted EBITDA for the quarter is reported at -9.3 million USD, indicating a significant financial challenge for the company.







