XML 34 R22.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information

Note 12 – Segment Information

 

The Company operates as a single reportable segment focused on blockchain infrastructure, which consists of two primary revenue-generating activities: Validator Node Operations (“NodeOps”) and Ethereum Block Building (“Builder+”). NodeOps includes revenue generated from staking rewards earned by BTCS’s own proof-of-stake crypto assets, as well as validator fees collected from third-party delegations. Builder+ generates revenue from gas fees embedded in successfully finalized Ethereum blocks constructed by the Builder.

 

Gross profit (loss) is the primary segment performance measure reviewed by the CODM for operational and capital allocation decisions.

 

The following tables present segment revenue and gross profit (loss), including the significant expense items reviewed by the CODM, for the years ended December 31, 2024 and 2023:

   NodeOps   Builder+   Total 
   For the Year Ended December 31, 2024 
   NodeOps   Builder+   Total 
Revenues from blockchain infrastructure operations  $1,620,305   $2,453,213   $4,073,518 
Less: Cost of Revenues               
Validator Payments   -    2,765,735    2,765,735 
Cloud and server hosting costs   142,187    125,149    267,336 
Compensation costs   30,372    48,770    79,142 
Third-party contractor support costs   14,110    1,186    15,296 
Gross profit (loss)  $1,433,636   $(487,627)  $946,009 

 

   NodeOps   Builder+   Total 
   For the Year Ended December 31, 2023 
   NodeOps   Builder+   Total 
Revenues from blockchain infrastructure operations  $1,339,628   $            -   $1,339,628 
Less: Cost of Revenues               
Validator Payments   -    -    - 
Cloud and server hosting costs   324,644    -    324,644 
Compensation costs   24,857    -    24,857 
Third-party contractor support costs   10,277    -    10,277 
Gross profit (loss)  $979,850   $-   $979,850 

 

The following table reconciles total segment gross profit to consolidated net income (loss):

 

   2024   2023 
   For the Year Ended December 31, 
   2024   2023 
Gross profit   946,009    979,850 
Total operating expenses   (9,874,805)   (5,296,770)
Other income (expense)   7,657,622    12,135,648 
Net income (loss)  $(1,271,174)  $7,818,728