LM Funding reports Q1 EPS 61c vs ($2.41) last year

Reports Q1 revenue $4.748M vs $2.314M last year. Bruce Rodgers, Chairman and CEO of LM Funding, commented, “We continued to make tremendous strides in growing our Bitcoin mining operations in the first quarter of 2024, building on the progress we made in 2023, our first full year as a Bitcoin mining company. We are encouraged by our performance, having mined 86.4 Bitcoins worth approximately $4.6 million, based on the average Bitcoin price of approximately $53,000 for the quarter. This success has resulted in a 105% increase in our revenue compared to the first quarter of 2023. As a result, I am pleased to report we achieved a record $1.9 million of net income and $4.4 million of Core EBITDA (defined below) for the first quarter of 2024.”