Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) Announces 1Q2026 Financial Results and Upcoming Shareholder Call

TECHNOLOGY 04.05.2026

NEW YORK CITY, NY / ACCESS Newswire / May 4, 2026 /

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Financial Results Summary (unaudited)

Consensus Mining & Seigniorage Corporation ("CMSG" or "the Company") announced a net loss for the quarter ended March 31, 2026 of $6.6 million, or $2.95 per share, as compared to a net loss of $2.7 million, or $1.19 per share, for the first quarter of 2025.

Book value per share decreased to $38.33 at March 31, 2026 as compared to $41.28 at March 31, 2025.

The Company generated $0.5 million in mining revenue for the quarter as compared to $1.4 million for the quarter ended March 31, 2025. The decrease was due to the combined effect of less bitcoin mined in 2026 as compared to 2025 and at a lower average price. Similarly, 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 has Bitcoin mining operations of 107 petahash and scrypt mining operations for Litecoin/Dogecoin of 4,872 gigahash as of March 31, 2026.

During the first quarter of 2026, the Company mined 3.7 Bitcoin (BTC) and 504 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 4.2 Bitcoin.

The Company's quarter-end cryptocurrency holdings were primarily 350 BTC and 13,233 LTC, which were valued at $23.9 million and $0.7 million respectively. The value of all cryptocurrency holdings was $24.7 million at March 31, 2026.

The cost of revenue, a figure that largely consists of hosting costs, was $0.6 million for the first quarter of 2026, consistent with $0.7 million for the comparable quarter in the prior year.

Operating expenses-which included a $1.1 million impairment loss, recurring depreciation of mining equipment as well as general administrative expenses-increased to $1.9 million in the first quarter of 2026 compared to $0.8 million for the first quarter of 2025.

The Company reported an operating loss of $1.9 million for the first quarter of 2026, as compared to an operating loss of $0.1 million for the comparable period of 2025.

Non-operating income (expense) for the first quarter of 2026, including changes in the fair value of our cryptocurrency holdings-coupled with interest income-was a loss of $6.5 million, compared to a loss of $3.2 million in the first quarter of 2025. The decrease was primarily a result of depreciation of our cryptocurrency holdings.

Upcoming Shareholder Call

The Company has also announced an upcoming shareholder call on May 7, 2026.

Thursday, May 7, 2026 4:15 pm ET

Online Webinar: REGISTER HERE

Phone Access: +1 (415) 655-0060 Access Code: 926-307-834

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

	March 31,		December 31,
	2026		2025
	(unaudited)
Assets
Current assets
Cash and cash equivalents	$	60,793,261	$	60,533,066
Federal tax receivable	338,651	344,777
Prepaid expenses	65,270	198,441
Other receivables	175,658	80,498
Loans receivable - related party	-	370,130
Total current assets	61,372,840	61,526,912

Non-current assets
Property and equipment, net	1,735,328	3,395,958
Digital assets, net	24,653,757	31,332,392
Total non-current assets	26,389,085	34,728,350
Total Assets	$	87,761,925	$	96,255,262
Liabilities and Stockholders' Equity
Current liabilities
Accrued taxes	$	38,949	$	18,577
Accrued accounting fees	47,662	83,647
Accrued hosting fees	-	9,809
Other accrued expenses	18,417	43,803
Total current liabilities	105,028	155,836
Non-current liabilities
Deferred tax liabilities, net	1,414,138	3,210,612
Total Liabilities	1,519,166	3,366,448
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
(Accumulated deficit) retained earnings	(66,554	)	6,579,501
Total Stockholders' Equity	86,242,759	92,888,814
Total Liabilities and Stockholders' Equity	$	87,761,925	$	96,255,262

Consensus Mining & Seigniorage Corporation
Statements of Operations

	Three Months Ended March 31,
	2026		2025
	(unaudited)
Digital asset mining revenues	$	504,542	$	1,350,315

Cost of revenues - hosting fees	568,392	670,546

Operating expenses:
Depreciation expense	555,374	602,642
Losses on disposals, net	35,928	49,211
Impairment of property & equipment	1,069,328	-
General and administrative expenses	193,158	126,947
Total operating expenses	1,853,788	778,800

Operating loss	(1,917,638	)	(99,031	)

Non-operating income (expense):
Net change in unrealized depreciation on digital assets	(7,021,294	)	(3,786,659	)
Interest income	510,186	614,681
Realized loss on sale of digital assets	(1,419	)	(7,936	)
Other expense	(506	)	-
Total non-operating income	(6,513,033	)	(3,179,914	)

Loss before income taxes	(8,430,671	)	(3,278,945	)
(Benefit from) provision for income taxes	(1,784,616	)	(595,500	)
Net loss	$	(6,646,055	)	$	(2,683,445	)

Basic and diluted net loss per share	$	(2.95	)	$	(1.19	)

Weighted average shares (basic and diluted)	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:

[email protected]

SOURCE: Consensus Mining & Seigniorage Corporation

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T.Dixon--TFWP