LM Funding America Raises $23 Million Direct Investment to Accelerate Bitcoin Treasury Strategy (Form 8-K)

LM Funding America Raises $23 Million Direct Investment to Accelerate Bitcoin Treasury Strategy

Tampa, FL, August 19, 2025 - LM Funding America, Inc. (NASDAQ: LMFA) ("LM Funding" or the "Company"), a Bitcoin treasury and mining company, today announced the pricing of a $12.6 million registered direct offering and the closing of a $10.4 million private placement for combined gross proceeds of approximately $23.0 million. The net proceeds from the offerings will be used primarily to purchase additional Bitcoin for the Company's treasury.

LM Funding launched its Bitcoin treasury strategy in 2021 and added Bitcoin mining operations in 2022. Since then, the Company has accumulated 150 Bitcoin and a path to 26 megawatts of owned mining capacity. The Company's mining operations segment is currently profitable on an operating income basis and helps offset public company overhead while contributing incremental Bitcoin to the treasury, creating an efficient structure for long-term Bitcoin accumulation.

The Company also recently announced the planned acquisition of an 11 MW mining site in Columbus, Mississippi from Greenidge Generation. This purchase, funded directly from the Company's balance sheet, is expected to further expand the Company's low-cost mining capacity and enhance its vertically integrated approach.

Bruce Rodgers, Chairman and CEO of LM Funding, said, "Our model combines Bitcoin mining with direct purchases to build treasury holdings in a disciplined way. These offerings strengthen our balance sheet, facilitate future capital raising, and position us to create long-term shareholder value."

Maxim Group LLC acted as the placement agent in connection with the private placement and registered direct offerings.

Ellenoff Grossman & Schole LLP acted as counsel to the Placement Agent.

Foley & Lardner LLP acted as counsel to LM Funding America

The registered direct offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-281528) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission ("SEC") on November 21, 2024. The registered direct offering is being made only by means of a prospectus supplement and accompanying prospectus that form a part of the effective shelf registration statement. A prospectus supplement relating to the securities to be issued in the registered direct offering will be filed by the Company with the SEC. When available, copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the

SEC's website at www.sec.gov or by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, or via email at [email protected] or by telephone at (212) 895-3745.