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LM Funding America lost $1.33 per share and missed revenue estimates due to a Bitcoin loss.
LM Funding America reported a fourth-quarter loss of $1.33 per share, missing analyst estimates, with revenue falling short of projections.
The company attributed the poor results to a $7.8 million unrealized Bitcoin loss and equipment impairments, though it increased its Bitcoin treasury to approximately 356 coins.
Shares closed at $0.30 as the firm navigates market volatility and extends a loan maturity.
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LM Funding America perdió $ 1.33 por acción y perdió las estimaciones de ingresos debido a una pérdida de Bitcoin.