#Consensus Mining & Seigniorage Corporation Reports Second Quarter Losses
Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) announced its financial results for the second quarter ended June 30, 2026, revealing a net loss of $2.7 million, or $1.19 per share. This marks a stark decline when compared to a net income of $6.7 million, or $2.99 per share, reported in the same quarter of 2025.
In an essential update, the company corrected its reported value of Bitcoin holdings from $17.3 million to $20.7 million as of June 30, 2026. Alongside maintaining a total of 354 Bitcoin and 13,724 Litecoin, CMSG’s overall digital asset value amounted to $21.3 million by the end of the quarter, a notable decrease from the previous asset valuation.
As part of its strategic efforts to enhance shareholder value, the Board of Directors approved a share repurchase program on May 7, 2026. The company has since repurchased 67,636 shares at an average price of $30.69, totaling approximately $2.1 million. As of the end of Q2, CMSG retained a capacity of $2.9 million under this program.
CMSG reported digital asset mining revenues of $0.5 million for the quarter, significantly down from $1.1 million during the same quarter in 2025. The decline is attributed to reduced bitcoin production and lower market prices. Operating expenses decreased to $0.5 million, down from $0.8 million in the prior year, largely due to lower depreciation related to mining equipment.
The company has scheduled a shareholder call for August 10, 2026, aimed at addressing its financial results, operational strategies, and future outlook. This session will likely provide stakeholders with insights into CMSG's plans to navigate its current financial challenges.
Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) reported a net loss of $2.7 million, or $1.19 per share, for the quarter ended June 30, 2026. This contrasts with a net income of $6.7 million, or $2.99 per share, reported for the same period in 2025.
As of June 30, 2026, CMSG's share repurchase program, approved by the Board on May 7, 2026, has seen the Company repurchase a total of 67,636 shares at a weighted average price of $30.69 per share, amounting to $2.1 million. The Company retains $2.9 million in remaining capacity under the program.
CMSG updated its cryptocurrency holdings to a corrected value of $20.7 million as of June 30, 2026, reflecting 354 Bitcoin (BTC) and 13,724 Litecoin (LTC). This is a significant decrease from a prior reported figure of $31.3 million in digital assets as of December 31, 2025.
The Company generated $0.5 million in digital asset mining revenue for the second quarter of 2026, down from $1.1 million in the same quarter of 2025, primarily due to less bitcoin mined and lower average prices.
CMSG reported total operating expenses of $0.5 million for the second quarter of 2026, a decrease from $0.8 million for the same quarter in 2025, largely attributed to lower depreciation expenses for mining equipment that was impaired in prior periods.
CMSG has initiated a new shareholder call scheduled for August 10, 2026, to discuss its financial results and strategies moving forward. This might provide insights into its operational adjustments amidst declining revenues and losses.
As of June 30, 2026, CMSG operated 97 petahash for Bitcoin mining and 4,872 gigahash for scrypt mining operations. During the second quarter, the Company mined 3.2 Bitcoin and 491 Litecoin, but reported declines in mining rewards and values primarily related to Dogecoin.
CMSG reported total assets of $82.2 million, with total liabilities at $729,712. The Company experienced a significant decrease in both its total assets and stockholders' equity from December 31, 2025, indicating a potential shift in its financial position.