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

TECHNOLOGY 24.10.2025

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

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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: [email protected]

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