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Segment Information
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information

Note 11 – 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 and six months ended June 30, 2025 and 2024:

  

                   
  

For the Three Months Ended

June 30, 2025

  

For the Six Months Ended

June 30, 2025

 
   NodeOps   Builder+   Total   NodeOps   Builder+   Total 
Revenues from blockchain infrastructure operations  $262,972   $2,509,226   $2,772,198   $602,263   $3,858,870   $4,461,133 
Less: Cost of Revenues                              
Validator Payments   -    2,813,438    2,813,438    -    4,293,380    4,293,380 
Cloud and server hosting costs   4,385    15,207    19,592    40,038    45,497    85,535 
Compensation costs   7,508    11,233    18,741    17,336    22,894    40,230 
Third-party contractor support costs   1,362    -    1,362    2,647    -    2,647 
Gross profit (loss)  $249,717   $(330,652)  $(80,935)  $542,242   $(502,901)  $39,341 

 

                   
  

For the Three Months Ended

June 30, 2024

  

For the Six Months Ended

June 30, 2024

 
   NodeOps   Builder+   Total   NodeOps   Builder+   Total 
Revenues from blockchain infrastructure operations  $485,339   $75,853   $561,192   $903,692   $108,886   $1,012,578 
Less: Cost of Revenues                              
Validator Payments   -    92,500    92,500    -    158,112    158,112 
Cloud and server hosting costs   31,927    13,737    45,664    73,304    46,255    119,559 
Compensation costs   6,825    14,656    21,481    13,650    24,553    38,203 
Third-party contractor support costs   8,662    541    9,203    12,413    1,186    13,599 
Gross profit (loss)  $437,925   $(45,581)  $392,344   $804,325   $(121,220)  $683,105 

 

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

 

             
  

For the Three Months Ended

June 30,

  

For the Six Months Ended

June 30,

 
   2025   2024   2025   2024 
Gross profit   (80,935)   392,344    39,341    683,105 
Total operating expenses   (4,447,069)   (1,319,374)   (7,530,370)   (2,456,216)
Other income (expense)   8,409,536    (5,800,839)   (5,896,136)   7,301,828 
Net income (loss)  $3,881,532   $(6,727,869)  $(13,387,165)  $5,528,717