Consensus Mining & Seigniorage Corporation Reports Net Loss and Decreased Mining Revenue

Consensus Mining & Seigniorage Corporation (CMSG), a cryptocurrency mining company, released its financial results for the first quarter of 2026. The company reported a net loss of $6.6 million, or $2.95 per share, compared to a net loss of $2.7 million in the same period last year.

The decrease in net loss was due to lower mining revenue, which decreased by $0.9 million to $0.5 million. This was primarily caused by lower bitcoin and scrypt mining rewards.

CMSG has a significant presence in cryptocurrency mining, with 107 petahash of bitcoin mining operations and 4,872 gigahash of scrypt mining operations for Litecoin/Dogecoin as of March 31, 2026. The company mined 3.7 Bitcoin (BTC) and 504 Litecoin (LTC) during the quarter, retaining all of them.

CMSG also sold approximately 1.8 million Dogecoin (DOGE), which were mined through scrypt mining, for around $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.