Silver Spring, United States, Maryland, January 15, 2025, PakGazette
BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a leader in blockchain infrastructure and technology, today announced the deployment of its Scaled Validator Deployment Plan, aimed at improving revenue generation and operational efficiency. within your blockchain operations. .
Over the past five months, BTCS has conducted extensive due diligence on Rocket Pool (NASDAQ:), a decentralized liquid staking protocol based on Ethereum. This assessment included a comprehensive 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 completed a pilot program and has now expanded to 320 validators participating in Rocket Pool’s liquid staking pool, marking a significant step in expanding the company’s validator node operations. company.
Potential revenue impact
The BTCS team believes the expanded vertically integrated validation strategy could deliver up to 10% revenue growth. This initiative is designed to optimize the number of active validators and improve gross margins, aligning with BTCS’s broader growth strategy.
Commitment to diversification and growth
BTCS plans to expand its validator partnerships and diversify its technology providers to support scalable long-term revenue growth.
“This initiative represents a critical step toward our goal of scaling blockchain infrastructure to drive revenue growth,” said Charles Allen, CEO of BTCS. “Our comprehensive approach ensures we prioritize safety, compliance and performance at every stage. “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 operations, particularly in building blocks and managing validator nodes. Its branded block building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thereby maximizing gas fee revenue. BTCS also supports other blockchain networks by operating validator nodes and staking their crypto assets on multiple proof-of-stake networks, allowing cryptocurrency holders to delegate assets to nodes managed by BTCS. Additionally, the company has developed ChainQ, an AI-powered blockchain data analytics platform, which improves user access and engagement within 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 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 regarding our ability to increase validator revenue by 10% and improve margins, increase total revenue and deliver value to our shareholders. Words like “could,” “could,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intent” or similar expressions, or statements of 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 on the date of this release. These forward-looking statements are based on assumptions and are subject to various risks and uncertainties, including, but not limited to, regulatory issues, unexpected issues with Builder+, unexpected issues with ChainQ, and the reluctance of validators to test or use our Builder+ product, as well as risks set forth in the Company’s filings with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2023, which was filed on March 21, 2024. Therefore, actual results could be materially different. The Company expressly disclaims any obligation to update or alter any statements, whether as a result of new information, future events or otherwise, except as required by law.
Contactexecutive directorCarlos AllenBTCS Inc. (Nasdaq: BTCS)[email protected]X (formerly Twitter): @Charles_BTCS
