LM Funding America's Bitcoin Mining Dips on Heat, Energy Revenue Offsets
Event summary
- LM Funding mined 8.7 BTC in June 2026, down from 9.8 BTC in May due to higher temperatures.
- Company sold 13.1 BTC in June, holding 318.3 BTC as of June 30, valued at $18.6M ($0.72 per share).
- Generated ~$30K in curtailment and energy-sales revenue for June; Q2 forecast at ~$117K.
- Bitcoin holdings rose to $20.4M by July 7 as BTC price increased to $64K.
The big picture
LM Funding's June performance highlights the challenges of temperature-related inefficiencies in Bitcoin mining, offset partially by energy revenue. The company's strategic pivot toward high-performance computing and AI infrastructure suggests a broader play for diversification beyond traditional mining. With 26 MW of power capacity across Oklahoma and Mississippi, LM Funding is positioning itself at the intersection of crypto and emerging tech sectors.
What we're watching
- Operational Efficiency
- How LM Funding will mitigate temperature impacts on mining output.
- Energy Revenue Growth
- Whether the company can sustain energy-sales revenue amid market volatility.
- Bitcoin Strategy
- The pace at which LM Funding will expand its Bitcoin treasury and mining operations.
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