LM Funding America Inc (LMFA)

[Penny Grabber]

150 btc * 85000 = 13M holdings

6/30 btc was 62k, now 84k

150 * 22k = 3.3M revenue gain since 6/30.

Bitcoin mined since 6.30 (while moving machines into new 15MW plant) = about 40.

40 * 84000 = 3.3M estimated.

It's reasonable to say LMFA has revenue recognition of nearly 7M the last 4 months. While thousands of miners were being moved and set up in a new facility. BTC production should be doubled moving forward - without any additional miners.

BTC Miners after Depreciation captured - 21M as of 6.30.24

Revenue the last 4 months during transition: 7M
BTC holdings: 13M
Miners FMV as of 6.30: 21M

Miners + BTC holdings alone are worth 34M today

Estimated revenue in 2025 w/BTC going to 100k

150 BTC mined = 15M
Gain on BTC = 3-10M
2025 Revenue = 18-25M
Estimated 2025 BTC + Miners + Cash = 50M

Even at 20% profit margins at 18-25M is 3.6-5M.

PE 20 = market cap of 72-100M.
PE 40 = market cap 144 - 200M

9M today.

Potential 9-22x.