Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) 3Q2026 Financial Results
Unrealized digital-asset gains drove quarterly profit growth, while mining revenue declined and the nine-month result turned to a loss.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) reported third-quarter 2026 net income of $7.2 million, up from the prior-year quarter. Earnings per share rose to $3.31 from $0.95. Unrealized digital-asset gains reached $9,418,516, while mining revenue fell to $485,016 from $1,167,808. Operating loss widened to $369,384 from $340,954.
Under its May 2026 repurchase program, CMSG bought 117,161 shares at a weighted average $30.80 each for $3.6 million, leaving $1.4 million available. Book value per share rose to $40.87 at September 30 from $37.35 at June 30. Quarter-end cash was $57,557,299 and digital assets were valued at $31,038,791. For the nine months ended September 30, CMSG posted a $2,117,605 net loss, versus $6,188,478 net income a year earlier. A shareholder call is scheduled for November 3, 2026, at 4:15 p.m. ET.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointThird-quarter net income rose to $7.2 million from $2.1 million; EPS increased to $3.31 from $0.95.
- Moderate pointThird-quarter unrealized digital-asset appreciation increased to $9,418,516 from $2,550,510 a year earlier.
- Moderate point117,161 shares repurchased at a weighted average $30.80 for $3.6 million; $1.4 million remained available. 5.6% of market cap
- Moderate pointBook value per share increased to $40.87 at September 30, 2026, from $37.35 at June 30.
- Minor pointThird-quarter hosting costs fell to $370,926 from $688,442; nine-month costs fell to $1,359,460 from $2,051,405.
5 minor points
- Minor pointDepreciation expense fell to $276,807 from $579,973 quarterly and $1,109,888 from $1,749,970 over nine months.
- Minor pointThird-quarter administrative expenses declined to $140,906 from $180,424 a year earlier.
- Minor pointNine-month disposal losses narrowed to $125,851 from $170,391 a year earlier.
- Minor pointZcash mining, begun in the second quarter of 2026, generated $135,000 in third-quarter revenue.
- Minor pointTotal liabilities declined to $3,122,293 at September 30, 2026, from $3,366,448 at December 31, 2025.
Negative
- Moderate pointNine-month results swung to a $2,117,605 loss, or $0.95 per share, from $6,188,478 profit, or $2.75 per share.
- Moderate pointMining revenue fell to $485,016 from $1,167,808 quarterly and $1,451,833 from $3,609,198 over nine months.
- Moderate pointOperating losses widened to $369,384 from $340,954 quarterly and $2,754,798 from $849,634 over nine months.
- Moderate pointThird-quarter bitcoin production decreased to 2.45 from 5.0 a year earlier.
- Moderate pointNine-month unrealized digital-asset changes swung to $1,221,590 depreciation from $6,950,361 appreciation a year earlier.
- Moderate pointNine-month equipment impairment reached $1,069,328, versus none a year earlier. 1.7% of market cap
6 minor points
- Minor pointThird-quarter scrypt mining revenue decreased 73%, primarily reflecting lower average values of Dogecoin rewards.
- Minor pointNine-month administrative expenses increased to $542,104 from $487,066 a year earlier.
- Minor pointThird-quarter disposal losses increased to $65,761 from $59,923 a year earlier.
- Minor pointInterest income fell to $520,430 from $620,416 quarterly and $1,533,935 from $1,852,046 over nine months.
- Minor pointCash and equivalents declined to $57,557,299 at September 30, 2026, from $60,533,066 at December 31, 2025.
- Minor pointStockholders' equity declined to $87,162,893 at September 30, 2026, from $92,888,814 at December 31, 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK CITY, NY / ACCESS Newswire / October 29, 2026 / Consensus Mining & Seigniorage Corporation ("CMSG" or "the Company") (OTCQX:CMSG) announced net income for the quarter ended September 30, 2026 of
Pursuant to the Company's share repurchase program (the "Program") approved in May 2026, the Company has repurchased an aggregate of 117,161 shares of common stock, at a weighted average price of
As a result of the share repurchases and the appreciation of Bitcoin during the quarter, the Company's book value per share increased to
The Company generated
The Company has Bitcoin mining operations of 97 petahash and scrypt mining operations for Litecoin/Dogecoin of 4,872 gigahash as of September 30, 2026.
During the third quarter of 2026, the Company mined 2.45 bitcoin and 465 litecoin, all of which were retained. In addition, as a result of the scrypt mining process, the Company mined approximately 1.7 million dogecoin, which were sold for approximately
The Company's quarter-end digital asset holdings were primarily 356.4 bitcoin and 14,189 litecoin, which were valued at
The cost of revenue, a figure that largely consists of hosting costs, was
Operating expenses-which include recurring depreciation of mining equipment as well as general administrative expenses-decreased to
Non-operating income (expense) for the third quarter of 2026, including changes in the fair value of digital asset holdings and interest income, was income of
Upcoming Shareholder Call
The Company has also announced the following upcoming shareholder call:
Tuesday, November 3, 2026 4:15 pm ET
Online Webinar: REGISTER HERE
Phone Access: +1 (562) 247-8422 Access Code: 512-310-951
Only online participants can submit questions during the webinar.
Consensus Mining & Seigniorage Corporation
Balance Sheets
| September 30, | December 31, | |||||||
| 2026 | 2025 | |||||||
| (unaudited) | ||||||||
Assets | ||||||||
Current assets | ||||||||
Cash and cash equivalents | $ | 57,557,299 | $ | 60,533,066 | ||||
Investments, at fair value | 19,375 | - | ||||||
Income taxes receivable | 97,007 | 344,777 | ||||||
Prepaid expenses | 51,681 | 198,441 | ||||||
Other receivables | 178,896 | 80,498 | ||||||
Loans receivable - related party | - | 370,130 | ||||||
Total current assets | 57,904,258 | 61,526,912 | ||||||
Non-current assets | ||||||||
Property and equipment, net | 1,342,137 | 3,395,958 | ||||||
Digital assets, at fair value | 31,038,791 | 31,332,392 | ||||||
Total non-current assets | 32,380,928 | 34,728,350 | ||||||
Total Assets | $ | 90,285,186 | $ | 96,255,262 | ||||
Liabilities and Stockholders' Equity | ||||||||
Current liabilities | ||||||||
Accrued taxes | $ | 79,669 | $ | 18,577 | ||||
Accrued professional fees | 122,062 | 83,647 | ||||||
Accrued hosting fees | - | 9,809 | ||||||
Other accrued expenses | 33,371 | 43,803 | ||||||
Total current liabilities | 235,102 | 155,836 | ||||||
Non-current liabilities | ||||||||
Deferred tax liabilities, net | 2,887,191 | 3,210,612 | ||||||
Total Liabilities | 3,122,293 | 3,366,448 | ||||||
Commitments and contingencies (Note 4) | ||||||||
Stockholders' Equity | ||||||||
Common stock ( | 22,500 | 22,500 | ||||||
Additional paid-in capital | 86,286,813 | 86,286,813 | ||||||
Treasury stock, at cost, 117,161 and 0 shares at September 30, 2026 and December 31, 2025, respectively | (3,608,316 | ) | - | |||||
(Accumulated deficit) retained earnings | 4,461,896 | 6,579,501 | ||||||
Total Stockholders' Equity | 87,162,893 | 92,888,814 | ||||||
Total Liabilities and Stockholders' Equity | $ | 90,285,186 | $ | 96,255,262 | ||||
Consensus Mining & Seigniorage Corporation
Statements of Operations
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| (unaudited) | ||||||||||||||||
Digital asset mining revenues | $ | 485,016 | $ | 1,167,808 | $ | 1,451,833 | $ | 3,609,198 | ||||||||
Cost of revenues - hosting fees | 370,926 | 688,442 | 1,359,460 | 2,051,405 | ||||||||||||
Operating expenses: | ||||||||||||||||
Depreciation expense | 276,807 | 579,973 | 1,109,888 | 1,749,970 | ||||||||||||
Losses on disposals, net | 65,761 | 59,923 | 125,851 | 170,391 | ||||||||||||
Impairment of property & equipment | - | - | 1,069,328 | - | ||||||||||||
General and administrative expenses | 140,906 | 180,424 | 542,104 | 487,066 | ||||||||||||
Total operating expenses | 483,474 | 820,320 | 2,847,171 | 2,407,427 | ||||||||||||
Operating loss | (369,384 | ) | (340,954 | ) | (2,754,798 | ) | (849,634 | ) | ||||||||
Non-operating income (expense): | ||||||||||||||||
Net change in unrealized appreciation (depreciation) on digital assets | 9,418,516 | 2,550,510 | (1,221,590 | ) | 6,950,361 | |||||||||||
Interest income | 520,430 | 620,416 | 1,533,935 | 1,852,046 | ||||||||||||
Realized gain (loss) on sale of digital assets | 40 | 1,176 | (1,065 | ) | (8,597 | ) | ||||||||||
Unrealized (loss) on investments, net | 15,794 | - | 11,931 | - | ||||||||||||
Total non-operating income | 9,954,780 | 3,172,102 | 323,211 | 8,793,810 | ||||||||||||
Income (loss) before income taxes | 9,585,396 | 2,831,148 | (2,431,587 | ) | 7,944,176 | |||||||||||
Provision for (benefit from) income taxes | 2,394,194 | 691,168 | (313,982 | ) | 1,755,698 | |||||||||||
Net income (loss) | $ | 7,191,202 | $ | 2,139,980 | $ | (2,117,605 | ) | $ | 6,188,478 | |||||||
Basic and diluted net income (loss) per share | $ | 3.31 | $ | 0.95 | $ | (0.95 | ) | $ | 2.75 | |||||||
Weighted average shares (basic and diluted) | 2,171,296 | 2,250,009 | 2,219,821 | 2,250,009 | ||||||||||||
About CMSG
Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) is a digital asset mining company created with strategic partnerships in hosting, repair, and management. This enables CMSG to operate with minimal overhead and with a conservative capital structure that allows for flexible and patient capital allocation. For more information, please visit www.consensusmining.com.
Investor Relations Contact:
SOURCE: Consensus Mining & Seigniorage Corporation
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were CMSG's third-quarter 2026 earnings?
CMSG earned $7.2 million, or $3.31 per share, for the quarter ended September 30, 2026, compared with $2.1 million, or $0.95 per share, a year earlier. Unrealized appreciation on digital assets increased to $9,418,516 from $2,550,510.
How much stock did CMSG repurchase under its May 2026 program?
CMSG repurchased 117,161 common shares at a weighted average price of $30.80 per share for total consideration of $3.6 million. At September 30, 2026, $1.4 million remained available under the program and 2,132,848 shares were outstanding.
What cryptocurrency holdings did CMSG have at September 30, 2026?
CMSG's holdings were primarily 356.4 bitcoin and 14,189 litecoin, valued at $29.8 million and $1.0 million, respectively. All digital-asset holdings together were valued at $31.0 million.
What did CMSG do with cryptocurrency mined in the third quarter of 2026?
CMSG retained all 2.45 bitcoin and 465 litecoin mined during the quarter. It sold approximately 1.7 million dogecoin for approximately $0.1 million. A portion of the Dogecoin mining rewards was used to acquire 0.38 bitcoin, bringing total bitcoin added during the quarter to 2.8.
Why did CMSG's third-quarter 2026 mining revenue decline?
CMSG attributed the decline to less bitcoin mined at lower average Bitcoin prices, alongside weaker scrypt mining revenue. Bitcoin production fell to 2.45 from 5.0 a year earlier. Scrypt mining revenue decreased 73%, primarily because the average value of Dogecoin rewards declined.