Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) 3Q2026 Financial Results

TECHNOLOGY 29.10.2026

Financial Results Summary (unaudited)

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NEW YORK CITY, NY / ACCESS Newswire / October 29, 2026 / Consensus Mining & Seigniorage Corporation ("CMSG" or "the Company") (OTCQX:CMSG) announced net income for the quarter ended September 30, 2026 of $7.2 million, or $3.31 per share, as compared to net income of $2.1 million, or $0.95 per share, for the third quarter of 2025.

Pursuant to the Company's share repurchase program (the "Program") approved in May 2026, the Company has repurchased an aggregate of 117,161 shares of common stock, at a weighted average price of $30.80 per share, for total consideration of $3.6 million. As of September 30, 2026, the Company had $1.4 million of remaining capacity under the Program and 2,132,848 shares outstanding.

As a result of the share repurchases and the appreciation of Bitcoin during the quarter, the Company's book value per share increased to $40.87 at September 30, 2026 as compared to $37.35 at June 30, 2026.

The Company generated $0.5 million in digital asset mining revenue for the quarter as compared to $1.2 million for the quarter ended September 30, 2025. This decrease of $0.7 million, or 58%, was due to less bitcoin mined in 2026 (2.45) as compared to 2025 (5.0) at lower average prices of Bitcoin. The Company has also engaged in certain scrypt mining, which results in receiving rewards of both Litecoin and Dogecoin from the Company's third-party mining pool operator. The revenue associated with scrypt mining decreased 73% in the third quarter primarily from the decrease in average value of the dogecoin rewards received. The Company also recently began operating Zcash mining equipment during the second quarter of 2026 resulting in revenue of $135,000 for the third quarter.

The Company has Bitcoin mining operations of 97 petahash and scrypt mining operations for Litecoin/Dogecoin of 4,872 gigahash as of September 30, 2026.

During the third quarter of 2026, the Company mined 2.45 bitcoin and 465 litecoin, all of which were retained. In addition, as a result of the scrypt mining process, the Company mined approximately 1.7 million dogecoin, which were sold for approximately $0.1 million. A portion of the Dogecoin mining rewards was used to acquire 0.38 bitcoin, bringing the total amount added for the quarter to 2.8 bitcoin.

The Company's quarter-end digital asset holdings were primarily 356.4 bitcoin and 14,189 litecoin, which were valued at $29.8 million and $1.0 million, respectively. The value of all digital asset holdings was $31.0 million at September 30, 2026.

The cost of revenue, a figure that largely consists of hosting costs, was $0.4 million for the third 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 third quarter of 2026 compared to $0.8 million for the third 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 third quarter of 2026, including changes in the fair value of digital asset holdings and interest income, was income of $10.0 million, as compared to income of $3.2 million in the third quarter of 2025. The increase was primarily the result of unrealized gains from the appreciation in the fair value of our digital asset holdings.

Upcoming Shareholder Call

The Company has also announced the following upcoming shareholder call:

Tuesday, November 3, 2026 4:15 pm ET
Online Webinar: REGISTER HERE
Phone Access: +1 (562) 247-8422 Access Code: 512-310-951
Only online participants can submit questions during the webinar.

Consensus Mining & Seigniorage Corporation
Balance Sheets

September 30,		December 31,
2026		2025
(unaudited)
Assets
Current assets
Cash and cash equivalents	$	57,557,299	$	60,533,066
Investments, at fair value	19,375	-
Income taxes receivable	97,007	344,777
Prepaid expenses	51,681	198,441
Other receivables	178,896	80,498
Loans receivable - related party	-	370,130
Total current assets	57,904,258	61,526,912
Non-current assets
Property and equipment, net	1,342,137	3,395,958
Digital assets, at fair value	31,038,791	31,332,392
Total non-current assets	32,380,928	34,728,350
Total Assets	$	90,285,186	$	96,255,262
Liabilities and Stockholders' Equity
Current liabilities
Accrued taxes	$	79,669	$	18,577
Accrued professional fees	122,062	83,647
Accrued hosting fees	-	9,809
Other accrued expenses	33,371	43,803
Total current liabilities	235,102	155,836
Non-current liabilities
Deferred tax liabilities, net	2,887,191	3,210,612
Total Liabilities	3,122,293	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; 2,132,848 and 2,250,009 outstanding at September 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, 117,161 and 0 shares at September 30, 2026 and December 31, 2025, respectively	(3,608,316	)	-
(Accumulated deficit) retained earnings	4,461,896	6,579,501
Total Stockholders' Equity	87,162,893	92,888,814
Total Liabilities and Stockholders' Equity	$	90,285,186	$	96,255,262

Consensus Mining & Seigniorage Corporation
Statements of Operations

Three Months Ended September 30,						Nine Months Ended September 30,
2026		2025		2026		2025
(unaudited)
Digital asset mining revenues	$	485,016	$	1,167,808	$	1,451,833	$	3,609,198
Cost of revenues - hosting fees	370,926	688,442	1,359,460	2,051,405

Operating expenses:
Depreciation expense	276,807	579,973	1,109,888	1,749,970
Losses on disposals, net	65,761	59,923	125,851	170,391
Impairment of property & equipment	-	-	1,069,328	-
General and administrative expenses	140,906	180,424	542,104	487,066
Total operating expenses	483,474	820,320	2,847,171	2,407,427
Operating loss	(369,384	)	(340,954	)	(2,754,798	)	(849,634	)
Non-operating income (expense):
Net change in unrealized appreciation (depreciation) on digital assets	9,418,516	2,550,510	(1,221,590	)	6,950,361
Interest income	520,430	620,416	1,533,935	1,852,046
Realized gain (loss) on sale of digital assets	40	1,176	(1,065	)	(8,597	)
Unrealized (loss) on investments, net	15,794	-	11,931	-
Total non-operating income	9,954,780	3,172,102	323,211	8,793,810
Income (loss) before income taxes	9,585,396	2,831,148	(2,431,587	)	7,944,176
Provision for (benefit from) income taxes	2,394,194	691,168	(313,982	)	1,755,698
Net income (loss)	$	7,191,202	$	2,139,980	$	(2,117,605	)	$	6,188,478
Basic and diluted net income (loss) per share	$	3.31	$	0.95	$	(0.95	)	$	2.75
Weighted average shares (basic and diluted)	2,171,296	2,250,009	2,219,821	2,250,009

About CMSG

Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) is a digital asset mining company created with strategic partnerships in hosting, repair, and management. This enables CMSG to operate with minimal overhead 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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C.Dean--TFWP