CORRECTING and REPLACING: Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) 2Q2026 Financial Results

TECHNOLOGY 07.08.2026

The purpose of this press release is to correct a typographical error in in the 7th paragraph indicating the value of our bitcoin holdings at June 30, 2026. The corrected value presented in the updated press release is $20.7 million, instead of the previously reported $17.3 million. The updated released reads as follows:

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NEW YORK CITY, NY / ACCESS Newswire / August 7, 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 $20.7 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