Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) Announces 3Q2025 Financial Results and Upcoming Shareholder Call

Rhea-AI Summary

Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) reported Q3 2025 net income of $2.14M ($0.95/share) versus a net loss of $0.52M in Q3 2024 and nine‑month net income of $6.19M ($2.75/share) versus $4.89M a year earlier. Book value per share rose to $44.54 at September 30, 2025 from $41.79 at December 31, 2024. Digital asset holdings were valued at $40.2M (primarily 340 BTC and 12,105 LTC). Revenue for the quarter was $1.17M and operating expenses declined to $0.82M, while non‑operating income rose to $3.17M driven by unrealized appreciation of digital assets. A shareholder call is scheduled for October 30, 2025 at 4:15 pm ET.

Positive

• Q3 net income $2.14M vs loss $0.52M prior-year
• Nine-month net income $6.19M, up from $4.89M
• Book value per share increased to $44.54 at 9/30/2025
• Digital asset value $40.2M at 9/30/2025

Negative

• Operating loss of $0.34M in Q3 2025
• Deferred tax liabilities rose to $5.33M from $3.49M

News Market Reaction

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On the day this news was published, CMSG declined NaN%, reflecting a moderate negative market reaction.

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NEW YORK CITY, NEW YORK / ACCESS Newswire / October 24, 2025 / Financial Results Summary (unaudited)

Consensus Mining & Seigniorage Corporation ("CMSG" or "the Company") announced net income for the quarter ended September 30, 2025 of $2.1 million, or $0.95 per share, as compared to a net loss of $0.5 million, or $0.23 per share, for the prior comparable quarter of 2024.

The Company also reported net income of $6.2 million, or $2.75 per share, for the nine months ended September 30, 2025, as compared to net income of $4.9 million, or $2.17 per share, for the prior comparable year-to-date period.

Book value per share increased to $44.54 at September 30, 2025 as compared to $41.79 at the end 2024.

The Company generated $1.2 million in mining revenue for the quarter as compared to $1.0 million for the quarter ended September 30, 2024. The increase was primarily the result of higher scrypt mining revenue resulting from continued purchases of scrypt mining equipment as well as higher average prices of Dogecoin. The quarter's revenue was also impacted by lower Bitcoin rewards resulting from a diminishing level of equipment devoted to the Bitcoin network, which was partially offset by higher average prices.

The Company had Bitcoin mining operations of 143 petahash and scrypt mining operations for Litecoin/Dogecoin of 6,491 gigahash as of September 30, 2025. The Company acquired 32 machines used for scrypt mining during the third quarter of 2025 and 139 for the year-to-date period. These third quarter acquisitions added 500 gigahash to the Company's scrypt mining hashrate.

During Q3 2025, the Company mined 5.0 Bitcoin (BTC) and 631 Litecoin (LTC), all of which were retained. In addition, as a result of the scrypt mining process, the Company mined approximately 2.3 million Dogecoin (DOGE), which were sold for approximately $0.5 million. A portion of the DOGE mining rewards was used to acquire 0.9 BTC, bringing the total amount of Bitcoin added for the quarter to 5.9 Bitcoin.

The Company's quarter-end cryptocurrency holdings were primarily 340 BTC and 12,105 LTC, which were valued at $38.8 million and $1.3 million respectively. The value of all cryptocurrency holdings was $40.2 million at September 30, 2025.

The cost of revenue, a figure that largely consists of hosting costs, was $0.7 million for the third quarter of 2025, consistent with $0.7 million for the prior comparable quarter.

Operating expenses-which include depreciation of mining equipment as well as general administrative expenses-declined from $1.5 million in the third quarter of 2024 to $0.8 million for the third quarter of 2025. This was primarily due to lower depreciation expenses for certain equipment becoming fully depreciated or disposed of during the second half of 2024.

The Company reported an operating loss of $0.3 million for the third quarter of 2025, as compared to an operating loss of $1.2 million for the comparable period of 2024.

Non-operating income for the third quarter of 2025, including changes in the fair value of our cryptocurrency holdings-coupled with interest income-was income of $3.2 million, as compared to income of $0.9 million in the third quarter of 2024. The increase was primarily a result of appreciation of our cryptocurrency holdings.

Upcoming Shareholder Call

The Company has also announced an upcoming shareholder call on October 30, 2025.

Thursday, October 30, 2025 4:15 pm ET
Online Webinar: REGISTER HERE
Phone Access: +1 (562) 247-8422 Access Code: 805-609-195
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

		September 30,				December 31,
		2025				2024
		(unaudited)
Assets
Current assets
Cash and cash equivalents		$	60,623,677			$	61,251,236
Income tax receivables			346,322				223,100
Prepaid expenses			280,152				567,851
Other receivables			80,498				163,736
Total current assets			61,330,649				62,205,923
Non-current assets
Property and equipment, net			3,799,842				4,201,154
Digital assets, net			40,192,399				30,942,301
Loans receivable - related party			360,955				335,045
Total non-current assets			44,353,196				35,478,500
Total Assets		$	105,683,845			$	97,684,423
Liabilities and Stockholders' Equity
Current liabilities
Accrued taxes		$	10,335			$	35,314
Accrued accounting fees			102,278				115,012
Other accrued expenses			18,121				11,439
Total current liabilities			130,734				161,765
Non-current liabilities
Deferred tax liabilities, net			5,330,901				3,488,926
Total Liabilities			5,461,635				3,650,691
Commitments and contingencies (Note 5)
Stockholders' Equity
Common stock ($0.01 par value, 5,000,000 shares authorized, 2,250,009 issued and outstanding)			22,500				22,500
Additional paid-in capital			86,286,813				86,286,813
Retained earnings			13,912,897				7,724,419
Total Stockholders' Equity			100,222,210				94,033,732
Total Liabilities and Stockholders' Equity		$	105,683,845			$	97,684,423

Consensus Mining & Seigniorage Corporation
Statements of Operations

		Three Months Ended September 30,								Nine Months Ended September 30,
		2025				2024				2025				2024
		(unaudited)
Revenue:
Digital asset mining		$	1,167,808			$	1,005,802			$	3,609,198			$	3,954,041
Total revenue			1,167,808				1,005,802				3,609,198				3,954,041
Cost of revenues
Hosting fees			688,442				734,126				2,051,405				2,115,582
Total cost of revenues			688,442				734,126				2,051,405				2,115,582
Operating expenses:
Depreciation expense			579,973				1,298,041				1,749,970				2,870,004
Loss on disposal of property and equipment			59,923				-				170,391				-
General and administrative expenses			180,424				186,761				487,066				422,610
Total operating expenses			820,320				1,484,802				2,407,427				3,292,614
Operating loss			(340,954	)			(1,213,126	)			(849,634	)			(1,454,155	)
Non-operating income (expense):
Net change in unrealized appreciation on digital assets			2,550,510				136,171				6,950,361				5,659,002
Interest income			620,416				775,143				1,852,046				2,349,375
Realized gain (loss) on sale of digital assets			1,176				(3,308	)			(8,597	)			21,450
Other income			-				-				-				935
Total non-operating income			3,172,102				908,006				8,793,810				8,030,762
Income (loss) before income taxes			2,831,148				(305,120	)			7,944,176				6,576,607
Provision for income taxes			691,168				214,614				1,755,698				1,691,223
Net income (loss)		$	2,139,980			$	(519,734	)		$	6,188,478			$	4,885,384
Basic and diluted net income (loss) per share		$	0.95			$	(0.23	)		$	2.75			$	2.17
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

FAQ

What were CMSG Q3 2025 earnings per share (EPS)?

CMSG reported Q3 2025 EPS of $0.95 basic and diluted.

How much were CMSG's digital assets valued at September 30, 2025?

Total digital asset holdings were valued at $40.2 million on September 30, 2025.

When is the CMSG shareholder call on October 30, 2025?

The shareholder call is on October 30, 2025 at 4:15 pm ET with online webinar and phone access.

How did CMSG's operating expenses change in Q3 2025 versus Q3 2024?

Total operating expenses declined to $820,320 in Q3 2025 from $1,484,802 in Q3 2024.

How many bitcoins and litecoins did CMSG hold at quarter end?

CMSG held 340 BTC and 12,105 LTC at September 30, 2025.

What drove CMSG's higher non‑operating income in Q3 2025?

Non‑operating income rose to $3.17M, primarily from $2.55M unrealized appreciation of digital assets plus interest income.