Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) Announces 1Q2026 Financial Results and Upcoming Shareholder Call
Rhea-AI Summary
Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) reported 1Q2026 results: a net loss of $6.6M ($2.95/sh), down from a $2.7M loss a year earlier. Digital asset holdings were valued at $24.7M at March 31, 2026. Cash and equivalents totaled $60.8M. The company will host a shareholder call on May 7, 2026.
Revenue from mining fell to $0.5M and operating expenses included a $1.1M impairment; Bitcoin and scrypt mining capacities were 107 PH/s and 4,872 GH/s respectively.
Positive
- Cash and equivalents of $60.8M at March 31, 2026
- Cryptocurrency holdings valued at $24.7M at quarter-end
- Maintained 107 PH/s Bitcoin and 4,872 GH/s scrypt capacity
Negative
- Net loss widened to $6.6M in 1Q2026
- Digital asset mining revenue declined ~63% to $0.5M
- Impairment of property and equipment of $1.07M
- Unrealized depreciation on digital assets of $7.02M
News Market Reaction – CMSG
In the May 5 session, CMSG declined 0.23%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK CITY, NY / ACCESS Newswire / May 4, 2026 /
Financial Results Summary (unaudited)
Consensus Mining & Seigniorage Corporation ("CMSG" or "the Company") announced a net loss for the quarter ended March 31, 2026 of
Book value per share decreased to
The Company generated
The Company has Bitcoin mining operations of 107 petahash and scrypt mining operations for Litecoin/Dogecoin of 4,872 gigahash as of March 31, 2026.
During the first quarter of 2026, the Company mined 3.7 Bitcoin (BTC) and 504 Litecoin (LTC), all of which were retained. In addition, as a result of the scrypt mining process, the Company mined approximately 1.8 million Dogecoin (DOGE), which were sold for approximately
The Company's quarter-end cryptocurrency holdings were primarily 350 BTC and 13,233 LTC, which were valued at
The cost of revenue, a figure that largely consists of hosting costs, was
Operating expenses-which included a
The Company reported an operating loss of
Non-operating income (expense) for the first quarter of 2026, including changes in the fair value of our cryptocurrency holdings-coupled with interest income-was a loss of
Upcoming Shareholder Call
The Company has also announced an upcoming shareholder call on May 7, 2026.
Thursday, May 7, 2026 4:15 pm ET
Online Webinar: REGISTER HERE
Phone Access: +1 (415) 655-0060 Access Code: 926-307-834
Only online participants can submit questions during the webinar.
Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) is a cryptocurrency mining company created with strategic partnerships in hosting, repair, and management. This enables CMSG 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 www.consensusmining.com.
Investor Relations Contact: IR@consensusmining.com
Consensus Mining & Seigniorage Corporation
Balance Sheets
March 31, | December 31, | |||||||
2026 | 2025 | |||||||
(unaudited) |
| |||||||
Assets |
|
| ||||||
Current assets |
|
| ||||||
Cash and cash equivalents | $ | 60,793,261 | $ | 60,533,066 | ||||
Federal tax receivable | 338,651 | 344,777 | ||||||
Prepaid expenses | 65,270 | 198,441 | ||||||
Other receivables | 175,658 | 80,498 | ||||||
Loans receivable - related party | - | 370,130 | ||||||
Total current assets | 61,372,840 | 61,526,912 | ||||||
Non-current assets | ||||||||
Property and equipment, net | 1,735,328 | 3,395,958 | ||||||
Digital assets, net | 24,653,757 | 31,332,392 | ||||||
Total non-current assets | 26,389,085 | 34,728,350 | ||||||
Total Assets | $ | 87,761,925 | $ | 96,255,262 | ||||
Liabilities and Stockholders' Equity | ||||||||
Current liabilities | ||||||||
Accrued taxes | $ | 38,949 | $ | 18,577 | ||||
Accrued accounting fees | 47,662 | 83,647 | ||||||
Accrued hosting fees | - | 9,809 | ||||||
Other accrued expenses | 18,417 | 43,803 | ||||||
Total current liabilities | 105,028 | 155,836 | ||||||
Non-current liabilities | ||||||||
Deferred tax liabilities, net | 1,414,138 | 3,210,612 | ||||||
Total Liabilities | 1,519,166 | 3,366,448 | ||||||
Commitments and contingencies (Note 5) | ||||||||
Stockholders' Equity | ||||||||
Common stock ( | 22,500 | 22,500 | ||||||
Additional paid-in capital | 86,286,813 | 86,286,813 | ||||||
(Accumulated deficit) retained earnings | (66,554 | ) | 6,579,501 | |||||
Total Stockholders' Equity | 86,242,759 | 92,888,814 | ||||||
Total Liabilities and Stockholders' Equity | $ | 87,761,925 | $ | 96,255,262 | ||||
Consensus Mining & Seigniorage Corporation
Statements of Operations
Three Months Ended March 31, | ||||||||
2026 | 2025 | |||||||
(unaudited) | ||||||||
Digital asset mining revenues | $ | 504,542 | $ | 1,350,315 | ||||
Cost of revenues - hosting fees | 568,392 | 670,546 | ||||||
Operating expenses: | ||||||||
Depreciation expense | 555,374 | 602,642 | ||||||
Losses on disposals, net | 35,928 | 49,211 | ||||||
Impairment of property & equipment | 1,069,328 | - | ||||||
General and administrative expenses | 193,158 | 126,947 | ||||||
Total operating expenses | 1,853,788 | 778,800 | ||||||
Operating loss | (1,917,638 | ) | (99,031 | ) | ||||
Non-operating income (expense): | ||||||||
Net change in unrealized depreciation on digital assets | (7,021,294 | ) | (3,786,659 | ) | ||||
Interest income | 510,186 | 614,681 | ||||||
Realized loss on sale of digital assets | (1,419 | ) | (7,936 | ) | ||||
Other expense | (506 | ) | - | |||||
Total non-operating income | (6,513,033 | ) | (3,179,914 | ) | ||||
Loss before income taxes | (8,430,671 | ) | (3,278,945 | ) | ||||
(Benefit from) provision for income taxes | (1,784,616 | ) | (595,500 | ) | ||||
Net loss | $ | (6,646,055 | ) | $ | (2,683,445 | ) | ||
Basic and diluted net loss per share | $ | (2.95 | ) | $ | (1.19 | ) | ||
Weighted average shares (basic and diluted) | 2,250,009 | 2,250,009 | ||||||
About CMSG
Consensus Mining & Seigniorage Corporation (OTCQX: CMSG) is a cryptocurrency mining company created with strategic partnerships in hosting, repair, and management. This enables CMSG 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 www.consensusmining.com.
Investor Relations Contact:
SOURCE: Consensus Mining & Seigniorage Corporation
View the original press release on ACCESS Newswire