Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) Announces 2Q2025 Financial Results and Upcoming Shareholder Call
Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) reported strong Q2 2025 financial results, with net income of $6.7 million ($2.99 per share), compared to a net loss of $1.7 million in Q2 2024. The company's book value increased to $43.59 per share from $41.79 at end-2024.
Mining operations generated $1.1 million in revenue, mining 5.8 Bitcoin and 665 Litecoin (retained) plus 2.5 million Dogecoin (sold for $0.5M). Period-end cryptocurrency holdings included 334 BTC and 11,474 LTC, valued at $36.9 million. The company expanded its mining capacity with 46 Antminer L9 machines in Q2, improving cost efficiency from $0.70 to $0.58 per megahash.
CMSG maintains strong liquidity with $60.8 million in cash and operates with minimal overhead. The company will host a shareholder call on August 14, 2025, following its successful OTCQX listing.
Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) ha riportato solidi risultati finanziari nel secondo trimestre del 2025, con un utile netto di 6,7 milioni di dollari (2,99 dollari per azione), rispetto a una perdita netta di 1,7 milioni nel secondo trimestre del 2024. Il valore contabile per azione è salito a 43,59 dollari da 41,79 alla fine del 2024.
Le operazioni di mining hanno generato 1,1 milioni di dollari di ricavi, estraendo 5,8 Bitcoin e 665 Litecoin (conservati) oltre a 2,5 milioni di Dogecoin (venduti per 0,5 milioni di dollari). Alla fine del periodo, le criptovalute detenute ammontavano a 334 BTC e 11.474 LTC, valutati 36,9 milioni di dollari. La società ha ampliato la capacità di mining con 46 macchine Antminer L9 nel secondo trimestre, migliorando l’efficienza dei costi da 0,70 a 0,58 dollari per megahash.
CMSG mantiene una solida liquidità con 60,8 milioni di dollari in contanti e opera con costi generali ridotti al minimo. La società terrà una conference call con gli azionisti il 14 agosto 2025, a seguito della sua positiva quotazione OTCQX.
Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) reportó sólidos resultados financieros en el segundo trimestre de 2025, con un ingreso neto de 6.7 millones de dólares (2.99 dólares por acción), en comparación con una pérdida neta de 1.7 millones en el segundo trimestre de 2024. El valor contable por acción aumentó a 43.59 dólares desde 41.79 al cierre de 2024.
Las operaciones de minería generaron 1.1 millones de dólares en ingresos, minando 5.8 Bitcoin y 665 Litecoin (retenidos) más 2.5 millones de Dogecoin (vendidos por 0.5 millones de dólares). Al final del periodo, las tenencias de criptomonedas incluían 334 BTC y 11,474 LTC, valorados en 36.9 millones de dólares. La compañía amplió su capacidad de minería con 46 máquinas Antminer L9 en el segundo trimestre, mejorando la eficiencia de costos de 0.70 a 0.58 dólares por megahash.
CMSG mantiene una fuerte liquidez con 60.8 millones de dólares en efectivo y opera con gastos generales mínimos. La compañía realizará una llamada con accionistas el 14 de agosto de 2025, tras su exitosa cotización en OTCQX.
Consensus Mining & Seigniorage Corporation (OTCQX:CMSG)는 2025년 2분기에 강력한 재무 실적을 보고했으며, 순이익은 670만 달러(주당 2.99달러)로 2024년 2분기의 170만 달러 순손실과 비교됩니다. 회사의 장부 가치는 2024년 말 41.79달러에서 주당 43.59달러로 상승했습니다.
채굴 운영은 110만 달러의 수익을 창출했으며, 5.8 비트코인과 665 라이트코인(보유) 그리고 250만 도지코인(50만 달러에 판매)을 채굴했습니다. 분기 말 암호화폐 보유량은 334 BTC와 11,474 LTC로, 3690만 달러 상당입니다. 회사는 2분기에 46대의 Antminer L9 장비를 추가하여 채굴 용량을 확장했고, 비용 효율성은 메가해시당 0.70달러에서 0.58달러로 개선되었습니다.
CMSG는 6080만 달러의 현금을 보유하며 강력한 유동성을 유지하고 있으며, 최소한의 운영비로 사업을 운영하고 있습니다. 회사는 성공적인 OTCQX 상장 이후 2025년 8월 14일 주주 통화를 개최할 예정입니다.
Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) a publié de solides résultats financiers pour le deuxième trimestre 2025, avec un bénéfice net de 6,7 millions de dollars (2,99 dollars par action), contre une perte nette de 1,7 million au deuxième trimestre 2024. La valeur comptable par action est passée de 41,79 dollars fin 2024 à 43,59 dollars.
Les opérations de minage ont généré 1,1 million de dollars de revenus, extrayant 5,8 Bitcoin et 665 Litecoin (conservés) ainsi que 2,5 millions de Dogecoin (vendus pour 0,5 million de dollars). À la fin de la période, les avoirs en cryptomonnaies comprenaient 334 BTC et 11 474 LTC, évalués à 36,9 millions de dollars. La société a augmenté sa capacité de minage en ajoutant 46 machines Antminer L9 au deuxième trimestre, améliorant l'efficacité des coûts de 0,70 à 0,58 dollar par mégahash.
CMSG maintient une forte liquidité avec 60,8 millions de dollars en liquidités et fonctionne avec des frais généraux minimaux. La société organisera une conférence téléphonique avec les actionnaires le 14 août 2025, suite à sa cotation réussie sur OTCQX.
Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) meldete starke Finanzergebnisse für das zweite Quartal 2025 mit einem Nettogewinn von 6,7 Millionen US-Dollar (2,99 US-Dollar pro Aktie), verglichen mit einem Nettoverlust von 1,7 Millionen US-Dollar im zweiten Quartal 2024. Der Buchwert je Aktie stieg von 41,79 US-Dollar Ende 2024 auf 43,59 US-Dollar.
Die Mining-Aktivitäten erzielten einen Umsatz von 1,1 Millionen US-Dollar durch den Abbau von 5,8 Bitcoin und 665 Litecoin (behalten) sowie 2,5 Millionen Dogecoin (für 0,5 Millionen US-Dollar verkauft). Zum Periodenende umfassten die Kryptowährungsbestände 334 BTC und 11.474 LTC im Wert von 36,9 Millionen US-Dollar. Das Unternehmen erweiterte seine Mining-Kapazität im zweiten Quartal um 46 Antminer L9-Geräte und verbesserte die Kosteneffizienz von 0,70 auf 0,58 US-Dollar pro Megahash.
CMSG verfügt über eine starke Liquidität mit 60,8 Millionen US-Dollar in bar und arbeitet mit minimalen Gemeinkosten. Das Unternehmen wird am 14. August 2025 eine Telefonkonferenz für Aktionäre abhalten, nachdem die OTCQX-Notierung erfolgreich war.
- Net income improved significantly to $6.7 million in Q2 2025 from a loss of $1.7 million in Q2 2024
- Book value per share increased to $43.59 from $41.79 at end-2024
- Strong liquidity position with $60.8 million in cash
- Improved mining efficiency with cost per megahash dropping from $0.70 to $0.58
- Substantial crypto holdings valued at $36.9 million
- Operating expenses declined from $0.9M to $0.8M year-over-year
- Mining revenue decreased to $1.1M from $1.4M in Q2 2024 due to Bitcoin halving
- Operating loss increased to $0.4M from $0.2M year-over-year
- Six-month net income declined to $4.0M from $5.4M in the prior year period
WHITE PLAINS, NY / ACCESS Newswire / August 7, 2025 / Financial Results Summary (unaudited)
Consensus Mining & Seigniorage Corporation ("CMSG" or "the Company") announced net income for the quarter ended June 30, 2025 (the "Period") of
The Company also reported net income of
Book value per share increased to
The Company generated
The Company has Bitcoin mining operations of 156 petahash and scrypt mining operations for Litecoin/Dogecoin of 5,998 gigahash as of June 30, 2025. The Company acquired 46 Antminer L9 machines used for scrypt mining during the second quarter of 2025 and 82 for the year to date period. These second quarter acquisitions added 736 gigahash to the Company's scrypt mining hashrate. Our cost per megahash for this acquired equipment dropped from
During Q2 2025, the Company mined 5.8 Bitcoin (BTC) and 665 Litecoin (LTC), all of which were retained. In addition, as a result of the scrypt mining process, the Company mined approximately 2.5 million Dogecoin (DOGE), which were sold for approximately
The Company's quarter-end cryptocurrency holdings were primarily 334 BTC and 11,474 LTC, which were valued at
The cost of revenue, a figure that largely consists of hosting costs, was
Operating expenses-which include depreciation of mining equipment as well as general administrative expenses-declined from
For the Period, the Company reported an operating loss of
Non-operating income for the Period, including changes in the fair value of our cryptocurrency holdings-coupled with interest income-was income of
Upcoming Shareholder Call
The Company has also announced an upcoming shareholder call with Chief Strategy Officer, Murray Stahl, on August 14, 2025. This call marks the successful conclusion of its application process with OTC and FINRA; its common stock is now quoted on the OTCQX under the ticker CMSG. The Company has 2,250,009 shares outstanding, out of 5,000,000 shares authorized.
Thursday, August 14, 2025 3pm EST
Online Webinar: REGISTER HERE
Phone Access: +1 (562) 247-8422 Access Code: 578-432-742
Only online participants can submit questions during the webinar.
Formally founded in 2021, CMSG is a dedicated cryptocurrency mining company, formed from the merger of two predecessor mining entities-Horizon Kinetics Cryptocurrency Mining LLC I and II. Across eight years of combined operating history, the firm that is now CMSG has delivered positive operating cash flows even throughout prolonged "crypto winters."
The Company's long-term mission is to steadily accumulate Bitcoin and other fixed-supply cryptocurrencies via self-sustaining, cash-flow positive cryptocurrency mining operations. Mirroring its measured capital deployment strategy, CMSG operates under a conservative capital structure with ample liquidity. It likewise maintains minimal overhead and a lean cost structure to enhance profitability and sustainable return on equity.
This press release shall constitute neither an offer to sell-nor the solicitation of an offer to buy-any securities. Nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Consensus Mining & Seigniorage Corporation
Balance Sheets
June 30, | December 31, | |||||||
2025 | 2024 | |||||||
(unaudited) | ||||||||
Assets | ||||||||
Current assets | ||||||||
Cash and cash equivalents | $ | 60,792,160 | $ | 61,251,236 | ||||
Federal tax receivable | 171,715 | 223,100 | ||||||
Prepaid expenses | 185,042 | 567,851 | ||||||
Other receivables | 80,268 | 163,736 | ||||||
Total current assets | 61,229,185 | 62,205,923 | ||||||
Non-current assets | ||||||||
Property and equipment, net | 4,201,357 | 4,201,154 | ||||||
Digital assets, net | 36,890,729 | 30,942,301 | ||||||
Loans receivable - related party | 352,008 | 335,045 | ||||||
Total non-current assets | 41,444,094 | 35,478,500 | ||||||
Total Assets | $ | 102,673,279 | $ | 97,684,423 | ||||
Liabilities and Stockholders' Equity | ||||||||
Current liabilities | ||||||||
Accrued taxes | $ | 5,201 | $ | 35,314 | ||||
Accrued accounting fees | 70,640 | 115,012 | ||||||
Other accrued expenses | 43,281 | 11,439 | ||||||
Total current liabilities | 119,122 | 161,765 | ||||||
Non-current liabilities | ||||||||
Deferred tax liabilities, net | 4,471,926 | 3,488,926 | ||||||
Total Liabilities | 4,591,048 | 3,650,691 | ||||||
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 | 11,772,918 | 7,724,419 | ||||||
Total Stockholders' Equity | 98,082,231 | 94,033,732 | ||||||
Total Liabilities and Stockholders' Equity | $ | 102,673,279 | $ | 97,684,423 | ||||
Consensus Mining & Seigniorage Corporation
Statements of Operations
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
(unaudited) | ||||||||||||||||
Revenue: | ||||||||||||||||
Digital asset mining | $ | 1,091,075 | $ | 1,400,494 | $ | 2,441,390 | $ | 2,948,239 | ||||||||
Total revenue | 1,091,075 | 1,400,494 | 2,441,390 | 2,948,239 | ||||||||||||
Cost of revenues | ||||||||||||||||
Hosting fees | 692,417 | 716,517 | 1,362,963 | 1,381,456 | ||||||||||||
Total cost of revenues | 692,417 | 716,517 | 1,362,963 | 1,381,456 | ||||||||||||
Operating expenses: | ||||||||||||||||
Depreciation expense | 567,354 | 810,791 | 1,169,996 | 1,558,131 | ||||||||||||
Loss on disposal of property and equipment | 61,256 | - | 110,467 | - | ||||||||||||
General and administrative expenses | 179,695 | 113,636 | 306,642 | 235,849 | ||||||||||||
Total operating expenses | 808,305 | 924,427 | 1,587,105 | 1,793,980 | ||||||||||||
Operating loss | (409,647 | ) | (240,450 | ) | (508,678 | ) | (227,197 | ) | ||||||||
Non-operating income (expense): | ||||||||||||||||
Net change in unrealized appreciation on digital assets | 8,186,510 | (2,769,808 | ) | 4,399,851 | 5,522,831 | |||||||||||
Interest income | 616,948 | 783,451 | 1,231,629 | 1,574,232 | ||||||||||||
Realized gain (loss) on sale of digital assets | (1,837 | ) | (15,975 | ) | (9,773 | ) | 10,926 | |||||||||
Other income | - | 935 | - | 935 | ||||||||||||
Total non-operating income | 8,801,621 | (2,001,397 | ) | 5,621,707 | 7,108,924 | |||||||||||
Income (loss) before income taxes | 8,391,974 | (2,241,847 | ) | 5,113,029 | 6,881,727 | |||||||||||
Provision for income taxes | 1,660,030 | (527,016 | ) | 1,064,530 | 1,476,609 | |||||||||||
Net income (loss) | $ | 6,731,944 | $ | (1,714,831 | ) | $ | 4,048,499 | $ | 5,405,118 | |||||||
Basic and diluted net income (loss) per share | $ | 2.99 | $ | (0.76 | ) | $ | 1.80 | $ | 2.40 | |||||||
Weighted average shares (basic and diluted) | 2,250,009 | 2,250,009 | 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:
IR@consensusmining.com
SOURCE: Consensus Mining & Seigniorage Corporation
View the original press release on ACCESS Newswire
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