Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) Announces 2Q2026 Financial Results and Upcoming Shareholder Call
Rhea-AI Summary
Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) reported an unaudited net loss of $2.7 million, or $(1.19) per share, for 2Q2026, compared with net income of $6.7 million, or $2.99 per share, in 2Q2025. Digital asset mining revenue declined to $0.5 million from $1.1 million, reflecting lower Bitcoin and scrypt (Litecoin/Dogecoin) rewards and pricing. Cost of revenues fell to $0.4 million and operating expenses to $0.5 million, but non‑operating results swung to a $3.1 million loss, mainly from unrealized depreciation on digital assets.
The company repurchased 67,636 shares for $2.1 million under its $5 million share repurchase program, leaving $2.9 million authorized capacity. Book value per share declined to $37.35. As of June 30, 2026, CMSG held digital assets valued at $21.3 million, including 354 BTC and 13,724 LTC. A shareholder call is scheduled for August 10, 2026 at 4:15 pm ET via online webinar and phone.
Positive
- $2.1 million spent repurchasing 67,636 shares, with $2.9 million remaining
- Lower cost of revenues at $420,142 vs. $692,417 year-ago quarter
- Operating expenses reduced to $509,909 from $808,305 in 2Q2025
- Strong cash and cash equivalents of $58.5 million at June 30, 2026
- Digital asset holdings valued at $21.3 million as of quarter-end
- Interest income of $503,319 in 2Q2026 supporting non-operating results
Negative
- Net result swung to $2.7 million loss from $6.7 million income
- Digital asset mining revenue fell to $462,275 from $1,091,075 year-over-year
- Non-operating income turned to $3.1 million loss vs. $8.8 million gain
- Unrealized depreciation on digital assets of $3.6 million in 2Q2026
- Book value per share decreased to $37.35 from $43.59 prior year
- Digital assets, net declined to $21.3 million from $31.3 million at year-end 2025
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK CITY, NY / ACCESS Newswire / August 6, 2026 / Financial Results Summary (unaudited)
Consensus Mining & Seigniorage Corporation ("CMSG" or "the Company") (OTCQX:CMSG) announced a net loss for the quarter ended June 30, 2026 of
As previously disclosed, on May 7, 2026, the Company's Board of Directors approved a share repurchase program (the "Program") pursuant to which the Company is authorized to repurchase up to
Book value per share outstanding decreased 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 June 30, 2026.
During the second quarter of 2026, the Company mined 3.2 Bitcoin (BTC) and 491 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 354 BTC and 13,724 LTC, 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 second 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 August 10, 2026.
Monday, August 10, 2026 4:15 pm ET
Online Webinar: REGISTER HERE
Phone Access: +1 (562) 247-8422 Access Code: 539-203-208
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
June 30, | December 31, | |||||||
2026 | 2025 | |||||||
(unaudited) | ||||||||
Assets | ||||||||
Current assets | ||||||||
Cash and cash equivalents | $ | 58,525,603 | $ | 60,533,066 | ||||
Investments, at fair value | 7,700 | - | ||||||
Federal tax receivable | 487,660 | 344,777 | ||||||
Prepaid expenses | 194,241 | 198,441 | ||||||
Other receivables | 172,958 | 80,498 | ||||||
Loans receivable - related party | - | 370,130 | ||||||
Total current assets | 59,388,162 | 61,526,912 | ||||||
Non-current assets | ||||||||
Property and equipment, net | 1,514,854 | 3,395,958 | ||||||
Digital assets, net | 21,330,946 | 31,332,392 | ||||||
Total non-current assets | 22,845,800 | 34,728,350 | ||||||
Total Assets | $ | 82,233,962 | $ | 96,255,262 | ||||
Liabilities and Stockholders' Equity | ||||||||
Current liabilities | ||||||||
Accrued taxes | $ | 57,061 | $ | 18,577 | ||||
Accrued accounting fees | 84,862 | 83,647 | ||||||
Accrued hosting fees | - | 9,809 | ||||||
Other accrued expenses | 22,905 | 43,803 | ||||||
Total current liabilities | 164,828 | 155,836 | ||||||
Non-current liabilities | ||||||||
Deferred tax liabilities, net | 564,884 | 3,210,612 | ||||||
Total Liabilities | 729,712 | 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, 67,636 and 0 shares at June 30, 2026 and December 31, 2025, respectively | (2,075,757 | ) | - | |||||
(Accumulated deficit) retained earnings | (2,729,306 | ) | 6,579,501 | |||||
Total Stockholders' Equity | 81,504,250 | 92,888,814 | ||||||
Total Liabilities and Stockholders' Equity | $ | 82,233,962 | $ | 96,255,262 | ||||
Consensus Mining & Seigniorage Corporation
Statements of Operations
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2026 | 2025 | 2026 | 2025 | |||||||||||||
(unaudited) | ||||||||||||||||
Digital asset mining revenues | $ | 462,275 | $ | 1,091,075 | $ | 966,817 | $ | 2,441,390 | ||||||||
Cost of revenues - hosting fees | 420,142 | 692,417 | 988,534 | 1,362,963 | ||||||||||||
Operating expenses: | ||||||||||||||||
Depreciation expense | 277,707 | 567,354 | 833,081 | 1,169,996 | ||||||||||||
Losses on disposals, net | 24,162 | 61,256 | 60,090 | 110,467 | ||||||||||||
Impairment of property & equipment | - | - | 1,069,328 | - | ||||||||||||
General and administrative expenses | 208,040 | 179,695 | 401,198 | 306,642 | ||||||||||||
Total operating expenses | 509,909 | 808,305 | 2,363,697 | 1,587,105 | ||||||||||||
Operating loss | (467,776 | ) | (409,647 | ) | (2,385,414 | ) | (508,678 | ) | ||||||||
Non-operating income (expense): | ||||||||||||||||
Net change in unrealized depreciation on digital assets | (3,618,812 | ) | 8,186,510 | (10,640,106 | ) | 4,399,851 | ||||||||||
Interest income | 503,319 | 616,948 | 1,013,505 | 1,231,629 | ||||||||||||
Realized loss on sale of digital assets | 314 | (1,837 | ) | (1,104 | ) | (9,773 | ) | |||||||||
Unrealized (loss) on investments, net | (3,357 | ) | - | (3,863 | ) | - | ||||||||||
Total non-operating income | (3,118,536 | ) | 8,801,621 | (9,631,568 | ) | 5,621,707 | ||||||||||
Loss before income taxes | (3,586,312 | ) | 8,391,974 | (12,016,982 | ) | 5,113,029 | ||||||||||
(Benefit from) provision for income taxes | (923,560 | ) | 1,660,030 | (2,708,176 | ) | 1,064,530 | ||||||||||
Net income (loss) | $ | (2,662,752 | ) | $ | 6,731,944 | $ | (9,308,806 | ) | $ | 4,048,499 | ||||||
Basic and diluted net loss per share | $ | (1.19 | ) | $ | 2.99 | $ | (4.15 | ) | $ | 1.80 | ||||||
Weighted average shares (basic and diluted) | 2,239,024 | 2,250,009 | $ | 2,244,486 | $ | 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
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