Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) Announces 2Q2026 Financial Results and Upcoming Shareholder Call

About this update from Horizon Kinetics Holding Corporation

Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) Announces 2Q2026 Financial Results and Upcoming Shareholder Call Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) Announces 2Q2026 Financial Results and Upcoming Shareholder Call 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 $2.7 million , or $1.19 per share, as compared to net income of $6.7 million , or $2.99 per share, for the second quarter of 2025. 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 $5 million of the Company's common stock. The Program authorizes the repurchase of common stock from time to time on the open market or in privately negotiated transactions, including under 10b5-1 plans. During the three months ended June 30, 2026 , the Company repurchased an aggregate of 67,636 shares of common stock under the Program, at a weighted average price of $30.69 per share, for total consideration of $2.1 million . As of June 30, 2026 , the Company had $2.9 million of remaining capacity under the Program. Book value per share outstanding decreased to $37.35 at June 30, 2026 as compared to $43.59 at June 30, 2025 . The Company generated $0.5 million in digital asset mining revenue for the quarter as compared to $1.1 million for the quarter ended June 30, 2025 . The decrease was primarily due to the combined effect of less bitcoin mined in 2026 as compared to 2025 and at a lower average price. However, the Company's results from scrypt mining also declined as a result of lower mining reward volumes and a lower average price, primarily related to Dogecoin. The Company also recently initiated operating Zcash mining equipment, but the impact was not significant to the second quarter. 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 $0.2 million . A portion of the DOGE mining rewards was used to acquire 0.5 BTC, bringing the total amount of Bitcoin added for the quarter to 3.7 Bitcoin. The Company's quarter-end cryptocurrency holdings were primarily 354 BTC and 13,724 LTC, which were valued at $17.3 million and $0.6 million respectively. The value of all cryptocurrency holdings was $21.3 million at June 30, 2026 . The cost of revenue, a figure that largely consists of hosting costs, was $0.4 million for the second quarter of 2026, which was lower than the $0.7 million for the comparable quarter in the prior year due to the lower volume of equipment being operated during 2026. Operating expenses-which include recurring depreciation of mining equipment as well as general administrative expenses-decreased to $0.5 million in the second quarter of 2026 compared to $0.8 million for the second quarter of 2025. This decrease is primarily the result of lower depreciation expense for the quarter due to equipment that was removed or impaired in prior periods. 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 $3.1 million , compared to income of $8.8 million in the second quarter of 2025. The decrease was primarily a result of the unrealized loss from the reduction in the fair value of our cryptocurrency holdings. 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: [email protected] 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 ( $0.01 par value, 5,000,000 shares authorized;, 2,250,009 issued; 2,182,373 and 2,250,009 outstanding at June 30, 2026 and December 31, 2025 , respectively) 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: [email protected] SOURCE: Consensus Mining & Seigniorage Corporation View the original press release on ACCESS Newswire © Copyright 2026 ACCESS Newswire. All Rights Reserved.

View stock analysis, news, and events for Horizon Kinetics Holding Corporation