Bitcoin miner LM Funding misses Q3 revenue estimates
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LM Funding's Q3 revenue grew 73.5% year-over-year but missed analyst expectations. The company reported a net loss of $3.7 million and an adjusted EBITDA that also missed estimates. LM Funding acquired an 11 MW Bitcoin mining facility in Mississippi and plans to expand its Oklahoma site by December 2025. The company aims to improve Bitcoin production and shareholder value through buybacks. Analysts rate the stock as a 'buy' with a 12-month price target of $4.50, significantly above the current price.
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