LM Funding America (NASDAQ: LMFA) reported that its March 2026 Bitcoin mining operation produced 9.6 BTC, the highest output for the month and the company’s record hashrate of 0.79 EH/s. The production figure represents a 10.6% increase over February’s 8.7 BTC, underscoring the company’s accelerating mining capacity.
The uptick is attributed to the deployment of 300 Bitmain S19 XP miners at the Oklahoma facility, which went fully operational in March. Ryan Duran, President of USDM, said, “The 300 Bitmain S19 XP miners deployed at our Oklahoma facility last month resulted in our highest total hashrate to date. This expansion reflects our ongoing commitment to scaling our fleet and continuously improving mining output across all of our operations.” The new miners add roughly 1.2 EH/s of additional hash power, boosting overall efficiency.
LMFA also extended the maturity of its $11 million Galaxy Digital loan to June 26 2026, providing additional liquidity for future capacity expansion. Richard Russell, Chief Financial Officer, noted, “We renegotiated our $11 million Galaxy Digital Loan by extending the maturity date until June 26, 2026. The flexibility offered by Galaxy Digital will enable us to take advantage of any upside in Bitcoin.” The extension follows a prior January 2026 extension and positions the company to capitalize on favorable Bitcoin price movements.
Management highlighted a persistent valuation gap between the company’s Bitcoin holdings and its market price. Bruce Rodgers, Chairman and CEO, said, “March continued our improved mining performance as we produced 9.6 Bitcoin and reached our highest hashrate to date. We remain focused on converting that operational strength into Bitcoin accumulation while highlighting the significant disconnect between the value of our Bitcoin holdings and our current market valuation.” As of March 31 2026, LMFA’s Bitcoin holdings were valued at approximately $22.9 million ($1.07 per share), compared with a share price of $0.25.
In addition to mining, LMFA’s power‑curtailment sales generated $150,000 in Q1 2025 and $135,000 in Q4 2025, indicating a modest but growing revenue stream. The company also operates a technology‑enabled specialty finance business, which remains a secondary source of income alongside its core mining operations.
The record production, record hashrate, and loan extension collectively signal that LMFA is executing its scaling strategy while maintaining financial flexibility. The valuation gap remains a key point of discussion for investors, as the company’s Bitcoin assets far exceed the market’s current valuation of its shares.
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