Consensus Mining & Seigniorage Corporation Announces Stock Repurchase Program and Exploration of Engagement of Investment Banking Firm

Rhea-AI Summary

Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) announced a Board-approved stock repurchase program authorizing up to $5.0 million of common stock repurchases and approval to explore engaging an investment banking firm to consider strategic options. Purchases may be via open-market Rule 10b-18, block trades, private transactions or 10b5-1 plans.

The Program has no time limit, does not obligate repurchases, may be modified or suspended, and is expected to be funded from existing cash and cash equivalents. The company said it holds over $60 million in cash, has no debt and a low cost structure.

Positive

• Board authorized up to $5.0 million stock repurchase
• Company reports cash position of over $60 million
• No debt and described low cost structure to support flexibility

Negative

• Program has no time limit and does not obligate any repurchases
• Repurchase volume, timing and price are at the company’s discretion
• Exploration of an investment bank engagement yields unspecified outcomes

News Market Reaction – CMSG

+6.87%

+6.87% Session close to close

In the May 8 session, CMSG gained 6.87%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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NEW YORK, NY / ACCESS Newswire / May 7, 2026 / Consensus Mining & Seigniorage Corporation ("CSMG" or the "Company") announced today that the Board of Directors have unanimously approved a stock repurchase program ("Program") under which the Company may repurchase up to $5 million of the Company's outstanding common stock. The Board of Directors further approved the authorization to explore the potential engagement of an investment banking firm to consider all strategic options for the Company.

Purchases under the Program may be made through a combination of open market purchases in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, block trades, privately negotiated transactions or other transactions in the discretion of the Company. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases under this authorization. The volume, price, timing and manner of any repurchases will be determined at the Company's discretion, subject to general market conditions and regulatory factors. The Program does not obligate the Company to repurchase any specific amount of common stock, has no time limit, and may be modified, suspended or discontinued at any time without notice at the discretion of the Company. The Company expects to fund the Program from existing cash and cash equivalents.

"Our stock is trading at a significant discount to its book value, so we are launching this stock repurchase program to enhance value for all shareholders," said Alun Williams, President of CMSG. He continued, "As we recently reported, the Company is supremely positioned with a cash position of over $60 million, a growing balance sheet of cryptocurrency assets, no debt and a low cost structure, and the possible retention of an investment banking firm will allow us to explore all options to further increase stockholder value."

About Consensus Mining & Seigniorage Corporation

Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) is a cryptocurrency mining company created with strategic partnerships in hosting, repair, and management that enable it to operate with minimal overhead and enhanced profitability, and with a conservative capital structure that allows for flexible and patient capital allocation.

For more information, please visit https://consensusmining.com/.

Investor Relations Contact:

ir@consensusmining.com

SOURCE: Consensus Mining & Seigniorage Corporation

View the original press release on ACCESS Newswire

FAQ

What does CMSG's $5 million repurchase program mean for shareholders?

It authorizes repurchases of up to $5.0 million of common stock to potentially support share value. According to the company, purchases may use open-market trades, block trades, private transactions or Rule 10b5-1 plans and are funded from existing cash.

How will Consensus Mining (CMSG) fund the share buyback program?

The company expects to fund the Program from existing cash and cash equivalents. According to the company, it holds over $60 million in cash and reports no debt and a low cost structure to support funding.

Does the CMSG repurchase program require the company to buy shares?

No, the Program does not obligate the company to repurchase any specific amount of common stock. According to the company, the Program may be modified, suspended or discontinued at any time at the company's discretion.

What purchase methods will CMSG use under the repurchase authorization?

Purchases may be made via open-market Rule 10b-18 transactions, block trades, privately negotiated transactions or other methods. According to the company, it may also use Rule 10b5-1 plans to facilitate repurchases.

What does exploring an investment banking engagement mean for CMSG (OTCQX:CMSG)?

The Board authorized exploring the potential engagement of an investment banking firm to consider strategic options. According to the company, this step is to evaluate alternatives but outcomes and timelines remain unspecified.