--- title: "LM Funding announced a 5 to 20 megawatt expansion plan and extended the Galaxy loan until June 2026" type: "News" locale: "en" url: "https://longbridge.com/en/news/286586506.md" description: "LM Funding America reiterated its expansion strategy in the first quarter financial report, assessing value-added merger and acquisition opportunities ranging from 5 to 20 megawatts. To support capacity expansion, the company will extend its $11 million Bitcoin-backed loan with Galaxy Digital until June 26, 2026. Despite total revenue of $2.1 million in the first quarter, a year-on-year decrease of 11.1%, the company still holds 341.2 Bitcoins, valued at approximately $22.9 million" datetime: "2026-05-15T15:10:32.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286586506.md) - [en](https://longbridge.com/en/news/286586506.md) - [zh-HK](https://longbridge.com/zh-HK/news/286586506.md) --- # LM Funding announced a 5 to 20 megawatt expansion plan and extended the Galaxy loan until June 2026 Financial services company LM Funding America reiterated its expansion strategy in the first quarter financial report released on Friday. The company's Chairman and CEO Bruce Rodgers stated during the earnings conference call that the company is continuing to evaluate value-added merger and acquisition opportunities in the range of 5 to 20 megawatts. This prudent strategy has guided the company to successfully complete acquisitions in Mississippi at a cost of approximately $355,000 per megawatt. Loan Extension Provides Financial Flexibility To align with its capacity expansion plan, LM Funding has once again extended its $11 million Bitcoin-secured loan with Galaxy Digital on April 6, with a new maturity date of June 26, 2026. This loan is executed under the main digital currency loan agreement signed by both parties in October 2025, marking the second extension. Chief Financial Officer Richard Russell stated that the flexibility provided by Galaxy Digital allows the company to fully capitalize on any potential upside in Bitcoin. First Quarter Performance Affected by Cryptocurrency Prices The company's total revenue for the first quarter was $2.1 million, a year-on-year decrease of 11.1%. During this period, a total of 26.1 Bitcoins were mined, with an average cost of approximately $75,700 per Bitcoin. As of March 31, the company held 341.2 Bitcoins, valued at approximately $22.9 million based on the cryptocurrency prices at that time, but there is a significant valuation gap between the company's stock price and the value of its holdings ### Related Stocks - [LMFA.US](https://longbridge.com/en/quote/LMFA.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [GLXY.US](https://longbridge.com/en/quote/GLXY.US.md) - [BRPHF.US](https://longbridge.com/en/quote/BRPHF.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [BTF.US](https://longbridge.com/en/quote/BTF.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [BLOK.US](https://longbridge.com/en/quote/BLOK.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [BTCHKD.VAHK](https://longbridge.com/en/quote/BTCHKD.VAHK.md) - [BTCUSD.VAHK](https://longbridge.com/en/quote/BTCUSD.VAHK.md) ## Related News & Research - [Lm Funding America Balances Growth, Losses In Earnings Call](https://longbridge.com/en/news/282262273.md) - [Bitcoin Well Infinite becomes exclusive bitcoin liquidity partner for Bitcoin Family Office Group](https://longbridge.com/en/news/290556109.md) - [How Galaxy Digital Turned A $65 Million Bitcoin Mining Rescue Into A $4.5 Billion AI Infrastructure Deal](https://longbridge.com/en/news/290740624.md) - [Ledn Adds Tether Gold Collateral As Tokenized Gold Enters Crypto Lending](https://longbridge.com/en/news/290308443.md) - [Bitcoin treasury Strive’s shares jump as company’s holdings near 20,000 BTC](https://longbridge.com/en/news/290454882.md)