Silver Spring, USA, Maryland, January 15, 2025, Pakinomist
BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a leader in blockchain infrastructure and technology, today announced the implementation of its Scaled Validator Implementation Plan aimed at increasing revenue generation and operational efficiency within blockchain activities.
Over the past five months, BTCS has conducted an extensive due diligence process on Rocket Pool (NASDAQ: ), a decentralized Ethereum-based protocol for liquid staking. This evaluation included a thorough assessment of auditability, compliance, cybersecurity, infrastructure integrity, and potential business risks and rewards to ensure a secure and scalable validator implementation. As part of this comprehensive review, BTCS conducted a pilot program and has now expanded to 320 validators participating in Rocket Pool’s liquid stake pool, marking a significant step in the expansion of the company’s validator node operations.
Potential revenue impact
The BTCS team believes that the extended vertically integrated validation strategy can lead to a revenue increase of up to 10%. This initiative is designed to optimize the number of active validators and improve gross margins, in line with BTCS’ broader growth strategy.
Commitment to diversification and growth
BTCS plans to expand its validation partnerships and diversify its technology providers to support long-term, scalable revenue growth.
“This initiative represents a critical step towards our goal of scaling blockchain infrastructure to drive revenue growth,” said Charles Allen, CEO of BTCS. “Our comprehensive approach ensures that we prioritize safety, compliance and performance at every level. This initiative underscores our dedication to improving our operations while delivering value to our shareholders.”
About BTCS
BTCS Inc. (Nasdaq: BTCS) is a US-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its blockchain infrastructure operations. BTCS has honed its expertise in Ethereum network operation, particularly in block building and validator node management. Its branded block building operation, Builder+, utilizes advanced algorithms to optimize block construction for on-chain validation and thus maximize gas fee revenue. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, enabling crypto holders to delegate assets to BTCS-managed nodes. In addition, the company has developed ChainQ, an AI-powered blockchain data analytics platform that improves user access and engagement in the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves.
Users can explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting www.btcs.com.
Forward-looking statements:
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws, including statements about our ability to increase validator revenue by 10% and improve margins, increase overall revenue and deliver value to our stockholders. Words such as “may,” “may,” “will,” “should,” “believe,” “anticipate,” “anticipate,” “estimate,” “continue,” “anticipate,” “predict,” “project,” “plans”, “intends” or similar expressions, or statements regarding intention, belief or current expectations, are forward-looking statements. Although the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on such forward-looking statements, which are based on information available to us as of the date of this release. These forward-looking statements are based on assumptions and are subject to various risks and uncertainties, including without limitation regulatory issues, unexpected issues with Builder+, unexpected issues with ChainQ and reluctance of validators to try or use our Builder+ product, as well as risks identified in the Company’s submissions to Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2023, which was filed on March 21 2024. The actual results may thus be materially different. The Company expressly disclaims any obligation to update or change any statements, whether as a result of new information, future events or otherwise, except as required by law.
Contactmanaging directorCharles AllenBTCS Inc. (Nasdaq: BTCS)[email protected]X (formerly Twitter): @Charles_BTCS
