XML 91 R19.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information

Note 10 – 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 three months ended March 31, 2025 and 2024:

 

   NodeOps   Builder+   Total 
   For the Three Months Ended March 31, 2025 
   NodeOps   Builder+   Total 
Revenues from blockchain infrastructure operations  $339,291   $1,349,644   $1,688,935 
Less: Cost of Revenues               
Validator Payments   -    1,479,943    1,479,943 
Cloud and server hosting costs   35,652    30,290    65,942 
Compensation costs   9,828    11,660    21,488 
Third-party contractor support costs   1,286    -    1,286 
Gross profit (loss)  $292,525   $(172,249)  $120,276 

 

   NodeOps   Builder+   Total 
   For the Three Months Ended March 31, 2024 
   NodeOps   Builder+   Total 
Revenues from blockchain infrastructure operations  $418,353   $33,033   $451,386 
Less: Cost of Revenues               
Validator Payments   -    65,613    65,613 
Cloud and server hosting costs   41,377    32,519    73,896 
Compensation costs   6,825    9,896    16,721 
Third-party contractor support costs   3,751    644    4,395 
Gross profit (loss)  $366,400   $(75,639)  $290,761 

 

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

 

   2025   2024 
   For the Three Months Ended March 31, 
   2025   2024 
Gross profit   120,276    290,761 
Total operating expenses   (3,083,301)   (1,136,842)
Other income (expense)   (14,305,672)   13,102,667 
Net income (loss)  $(17,268,697)  $12,256,586