CMSG Reports Q2 Net Loss of $2.7 Million

CMSG, a cryptocurrency mining company, announced its financial results for Q2 2026. The company reported a net loss of $2.7 million, or $1.19 per share, compared to a net income of $6.7 million in the same period last year.

The decrease was primarily due to a lower volume of equipment being operated and a reduction in the fair value of its cryptocurrency holdings. CMSG generated $462,275 in digital asset mining revenue for Q2 2026, down from $1.1 million in the same period last year. The company's cost of revenues decreased to $420,142, while operating expenses were lower at $509,909.

CMSG repurchased an aggregate of 67,636 shares of common stock under a share repurchase program authorized by its Board of Directors on May 7, 2026. As of June 30, 2026, the company had $2.9 million of remaining capacity under the program.

The value of CMSG's cryptocurrency holdings was $21.3 million at June 30, 2026. 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.