XML 33 R23.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
Schedule of Revenues Earned from Company’s Operations

The following table summarizes the revenues earned from the Company’s operations for the three months ended March 31, 2024 and 2023.

 

   2024   2023 
   For the Three Months Ended March 31, 
   2024   2023 
Revenues from blockchain infrastructure operations          
Staking to BTCS nodes  $343,911   $260,708 
Staking to third-party nodes   74,442    50,800 
Builder+   (32,580)   - 
Total revenues  $385,773   $311,508 
Schedule of Crypto Assets Earned From Validator Nodes

Crypto assets earned from BTCS validator nodes

 

   For the Three Months Ended March 31, 
   2024   2023 
Asset  Token Rewards   Revenue ($USD)   Token Rewards   Revenue ($USD) 
Ethereum (ETH)   65   $188,078    98   $154,634 
Cosmos (Atom)   11,166   $121,074    5,980   $75,469 
Akash (AKT)   4,575   $18,746    2,807   $1,045 
Kava (KAVA)   6,292   $5,252    13,008   $11,735 
NEAR Protocol (NEAR)   714   $4,422    1,022   $2,111 
Mina (MINA)   2,880   $3,646    5,760   $3,837 
Oasis Network (ROSE)   16,137   $2,218    20,364   $1,196 
Kusama (KSM)   10   $475    273   $9,412 
Tezos (XTZ)   -   $-    1,179   $1,269 
Total earned from BTCS validator nodes       $343,911        $260,708 
Schedule of Crypto Assets Earned From Third Party

Crypto assets earned from Ethereum block building through Builder+

 

   For the Three Months Ended March 31, 
   2024   2023 
Asset  Token Rewards   Revenue ($USD)   Token Rewards   Revenue ($USD) 
Ethereum (ETH)   (12)  $(32,580)   -   $- 
Total earned from Ethereum block building through Builder+       $(32,580)       $          - 

 

Crypto assets earned from staking to third-party validator nodes

 

   For the Three Months Ended March 31, 
   2024   2023 
Asset  Token Rewards   Revenue ($USD)   Token Rewards   Revenue ($USD) 
Axie Infinity (AXS)   5,381   $48,322    4,452   $40,028 
Solana (SOL)   119   $15,372    121   $2,531 
Polygon (MATIC)   6,230   $5,731    5,981   $6,737 
Polkadot (DOT)   360   $2,957    246   $1,504 
Evmos (EVMOS)   11,426   $940    -   $- 
Cardano (ADA)   1,289   $753    -   $- 
Tezos (XTZ)   318   $367    -   $- 
Total earned from staking to third-party validator nodes       $74,442        $50,800 
Total revenue earned       $385,773        $311,508 
Schedule of Crypto Assets Earned From Third Party

Crypto assets earned from staking to third-party validator nodes

 

   For the Three Months Ended March 31, 
   2024   2023 
Asset  Token Rewards   Revenue ($USD)   Token Rewards   Revenue ($USD) 
Axie Infinity (AXS)   5,381   $48,322    4,452   $40,028 
Solana (SOL)   119   $15,372    121   $2,531 
Polygon (MATIC)   6,230   $5,731    5,981   $6,737 
Polkadot (DOT)   360   $2,957    246   $1,504 
Evmos (EVMOS)   11,426   $940    -   $- 
Cardano (ADA)   1,289   $753    -   $- 
Tezos (XTZ)   318   $367    -   $- 
Total earned from staking to third-party validator nodes       $74,442        $50,800 
Total revenue earned       $385,773        $311,508 
Schedule of Costs of Revenues

The following table further details the costs of revenues for the three months ended March 31, 2024 and 2023.

 

   2024   2023 
   For the Three Months Ended March 31, 
   2024   2023 
Cost of staking revenues  $51,953   $82,014 
Cost of Builder revenues   43,059    - 
Total cost of revenues  $95,012   $82,014