Core Insights - BTCS Inc. announced the resignation of Chief Technology Officer Manish Paranjape, effective immediately, coinciding with the discontinuation of the StakeSeeker initiative [1][2][3] - The company aims to refocus on its core business in validator operations and block building, enhancing its technical team to support its 2025 business plan [2][4][5] Company Transition - The departure of the CTO allows BTCS to optimize its technical team and concentrate on its current efforts, which have been generating substantial revenue [4] - BTCS plans to hire additional developers with domain expertise to strengthen its growth strategy while maintaining cost efficiency [4] Business Focus - BTCS is committed to driving innovation and enhancing its blockchain infrastructure capabilities, particularly in validator operations and block-building technology [5][6] - The company operates a branded block-building operation, Builder+, which utilizes advanced algorithms to maximize gas fee revenues [6] - BTCS also supports other blockchain networks by managing validator nodes and staking crypto assets across multiple proof-of-stake networks [6]

SILVER SPRING, Md., Jan. 29, 2025 (GLOBE NEWSWIRE) -- BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a provider of blockchain infrastructure and technology solutions, announced updates to its operations, including the migration of a significant portion of its infrastructure from AWS (Amazon Web Services) to bare metal servers, and the transition of its Builder+ platform from Go to the Rust programming language. These updates aim to improve operational efficiency, optimize system performance, and suppo ...

Silver Spring, MD, Jan. 21, 2025 (GLOBE NEWSWIRE) -- BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a leader in blockchain infrastructure and technology, is pleased to announce its participation in a fireside chat hosted by H.C. Wainwright & Co. The event is open to both institutional investors and the general public and will feature Charles Allen, Chief Executive Officer of BTCS; Ben Hunter, Vice President of Engineering at BTCS; and Freddy Zwanzger, Ethereum Ecosystem consultant at Blockdaemon, one o ...

Company Strategy and Growth Initiatives - BTCS Inc announced the deployment of its Scaled Validator Implementation Plan, aimed at driving revenue growth and improving margins in the blockchain sector [1] - The company plans to broaden its validator partnerships and diversify technology providers to support long-term, scalable revenue growth [6] - BTCS completed a pilot program and expanded to 320 validators participating in Rocket Pool's liquid staking pool, marking a significant step in expanding validator node operations [5] Revenue and Operational Impact - BTCS projects vertically integrated validator revenue increases of up to 10%, optimizing the number of active validators and increasing total revenue [2] - The company's branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, maximizing gas fee revenues [3] - BTCS supports multiple proof-of-stake networks by operating validator nodes and staking its crypto assets, allowing crypto holders to delegate assets to BTCS-managed nodes [3] Technological Innovation and Ecosystem Expansion - BTCS has developed ChainQ, an AI-powered blockchain data analytics platform, enhancing user access and engagement within the blockchain ecosystem [3] - The company is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves [3] - BTCS conducted extensive due diligence on Rocket Pool, assessing auditability, compliance, cybersecurity, and infrastructure integrity to ensure a secure and scalable validator implementation [5]

Company Announcement - BTCS Inc announces the hiring of Eldari Gogiashvili as a Data Scientist to develop data-driven strategies aimed at increasing revenue and enhancing profit margins within its Builder+ operations [1] - Eldari will report directly to Ben Hunter, who joined BTCS in 2024 from bloXroute, bringing significant industry knowledge and leadership in blockchain network optimization [2] - CEO Charles Allen expresses excitement about the strategic hires, stating they strengthen the core team and position the company to scale innovative services and drive sustainable growth [4] Company Overview - BTCS Inc is a US-based blockchain infrastructure technology company focused on scalable revenue growth through Ethereum blockchain infrastructure operations [5] - The company specializes in Ethereum network operations, particularly block building and validator node management, with its Builder+ operation optimizing block construction to maximize gas fee revenues [5] - BTCS operates validator nodes and stakes crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes [5] - The company has developed ChainQ, an AI-powered blockchain data analytics platform, to enhance user access and engagement within the blockchain ecosystem [5] - BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves [5]

Silver Spring, MD, Jan. 10, 2025 (GLOBE NEWSWIRE) -- BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a leader in blockchain infrastructure and technology, proudly announces the launch of its new Staker Protection Plan (“SPP”), an innovative initiative designed to enhance financial stability and operational security for Ethereum blockchain validators. Introducing the Staker Protection Plan by BTCS The SPP represents a transformative approach to supporting Ethereum validators with a comprehensive, four-pr ...

2024 revenue surpassed the predefined performance milestone of $3,712,500  Silver Spring, MD, Jan. 07, 2025 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a leader in blockchain infrastructure and technology, issued a letter to its shareholders describing the Company's recent achievements and goals for 2025, including surpassing its predefined revenue performance target of $3,712,500. Further, the Company unveiled its refreshed investor presentation and a revamped website, accessible ...

Silver Spring, MD, Dec. 27, 2024 (GLOBE NEWSWIRE) -- BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a leader in blockchain infrastructure and technology, today announced its decision to sunset its StakeSeeker platform. This strategic shift will enable the Company to concentrate its resources on scaling its Ethereum blockchain infrastructure operations, which remain the primary driver of revenue and core to its long-term vision. BTCS’s StakeSeeker platform has provided crypto asset holders with monitori ...

134% quarterly year-over-year revenue growth Silver Spring, MD, Nov. 14, 2024 (GLOBE NEWSWIRE) -- BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology-focused company, announced its results for the third quarter ended September 30, 2024 (“Q3 2024”). Third Quarter 2024 Financial Highlights Quarterly Revenue: Revenue for Q3 2024 was $0.7 million, reflecting a strong 32% increase from Q2 2024 and a significant 134% rise from Q3 2023.Year-to-Date Revenue: For the nine months ended Septemb ...

BTCS Inc. (BTCS) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -66.67%. A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced a loss of $0.04, delivering no surprise.Over the last four quarters, the company has not been able to surpa ...