受会计变化和加密货币市场推动，BTCS 净利润创下 780 万美元的历史新高

区块链技术公司 BTCS Inc. 报告称，截至 2023 年 12 月 31 日的财年净利润达到创纪录的 780 万美元，即每股 0.55 美元，较 2022 年 1590 万美元，即每股 1.25 美元的净亏损有了显着改善。财务好转主要是由会计准则的变化推动的，导致以公平市场价值确认加密资产的未实现损益。

BTCS Inc. Reports Record Net Income of $7.8 Million in 2023, Driven by Accounting Changes and Crypto Market Recovery

BTCS Inc. 报告称，在会计变更和加密货币市场复苏的推动下，2023 年净利润将达到创纪录的 780 万美元

Silver Spring, MD - March 22, 2024 - BTCS Inc. (Nasdaq: BTCS), a blockchain technology-focused company, today announced its financial results for the fiscal year ended December 31, 2023 ("2023").

马里兰州银泉 - 2024 年 3 月 22 日 - BTCS Inc.（纳斯达克股票代码：BTCS）是一家专注于区块链技术的公司，今天公布了截至 2023 年 12 月 31 日的财年（“2023”）的财务业绩。

Financial Highlights

财经摘要

• Revenue: $1.3 million in 2023, a 20% decrease from $1.7 million in 2022. The decline was primarily attributed to lower crypto prices in early 2022. However, revenue for the fourth quarter of 2023 increased 20% year-over-year, benefiting from a surge in crypto market prices in December 2023.
• Gross Margin: 73% gross margins in 2023, down slightly from 75% in 2022.
• Net Income: $7.8 million or $0.55 per share in 2023, in stark contrast to a net loss of $15.9 million or -$1.25 per share in 2022. This significant improvement was primarily attributed to financial reporting changes resulting from the adoption of new accounting standards.
• Cash & Crypto Value: $26.7 million as of December 31, 2023, marking an 82% year-over-year increase.
• Current Cash & Crypto Value: $36.5 million or approximately $2.33 per share as of March 19, 2024. The ongoing rally in crypto prices through early 2024 has further elevated the value of our crypto assets.

Management Commentary

收入：2023 年为 130 万美元，比 2022 年的 170 万美元减少 20%。下降的主要原因是 2022 年初加密货币价格较低。不过，2023 年第四季度的收入同比增长 20%，受益于2023 年 12 月加密货币市场价格飙升。毛利率：2023 年毛利率为 73%，略低于 2022 年的 75%。净利润：2023 年为 780 万美元，即每股 0.55 美元，与 1590 万美元的净亏损形成鲜明对比或 2022 年每股 -1.25 美元。这一显着改善主要归因于采用新会计准则导致的财务报告变化。现金和加密货币价值：截至 2023 年 12 月 31 日为 2670 万美元，同比增长 82%截至 2024 年 3 月 19 日，当前现金和加密货币价值：3650 万美元，即每股约 2.33 美元。截至 2024 年初，加密货币价格持续上涨，进一步提升了我们加密资产的价值。 管理评论

"In 2023, our strategic initiatives delivered strong results, culminating in significant momentum as we moved into 2024," said Charles Allen, CEO of BTCS Inc. "The fair market value of our cryptocurrency assets saw a remarkable doubling over the past year, with an additional increase of 42% to $35.7 million by March 19, 2024. This growth not only demonstrates our adeptness at navigating the volatile cryptocurrency market but also sets the stage for enhanced revenue prospects in 2024, bolstering our financial strength and future growth."

BTCS Inc. 首席执行官查尔斯·艾伦 (Charles Allen) 表示：“2023 年，我们的战略举措取得了强劲成果，并在进入 2024 年时实现了强劲势头。”“我们的加密货币资产的公平市场价值在过去一年中显着翻了一番，到 2024 年 3 月 19 日，将额外增长 42%，达到 3570 万美元。这一增长不仅表明我们在驾驭波动的加密货币市场方面的能力，还为 2024 年收入前景的增强奠定了基础，增强了我们的财务实力和未来增长。”

Key Initiatives and Product Developments

主要举措和产品开发

• StakeSeeker: Launched in January 2023, StakeSeeker is a crypto analytics and non-custodial staking-as-a-service platform. BTCS aims to increase its fee-based revenue from rewards earned on assets delegated to its nodes. The company plans to introduce Ethereum non-custodial staking to StakeSeeker in 2024 to diversify and scale its revenue streams further.
• Builder+: Introduced in February 2024, Builder+ is an innovative Ethereum block builder that utilizes sophisticated algorithms to optimize block construction for on-chain validation. Designed to enhance validator earnings and compete in a market for transaction gas fees, Builder+ represents an extension of BTCS's core Ethereum blockchain infrastructure operations and aims to drive scalable revenue growth.
• ChainQ: Recognizing the demand for accessible on-chain data, BTCS announced the development of ChainQ, an AI-enhanced blockchain data and analytics platform planned for launch in 2024. Through comprehensive indexing of public blockchain data from its Blockchain Infrastructure operations, ChainQ intends to provide an intuitive and easy-to-use platform for accessing on-chain information. BTCS continues to dedicate efforts towards the research and development of ChainQ.
• Blockchain Infrastructure: Efficiency enhancement in its blockchain infrastructure operations was a key focus for BTCS in 2023. By bringing the full monitoring and maintenance of its validator nodes in-house, the company has reduced its dependency on external service providers, thereby cutting costs and paving the way for new value-added initiatives such as Builder+ and ChainQ.

Industry Highlights

StakeSeeker：StakeSeeker 于 2023 年 1 月推出，是一个加密分析和非托管质押即服务平台。 BTCS 的目标是通过委托给其节点的资产获得奖励来增加其收费收入。该公司计划于 2024 年向 StakeSeeker 引入以太坊非托管质押，以进一步实现收入来源多元化和规模化。 Builder+：Builder+ 于 2024 年 2 月推出，是一款创新的以太坊区块构建器，利用复杂的算法来优化区块构建以进行链上验证。 Builder+ 旨在提高验证者收入并在交易 Gas 费市场中竞争，它代表了 BTCS 核心以太坊区块链基础设施运营的延伸，旨在推动可扩展的收入增长。ChainQ：认识到对可访问链上数据的需求，BTCS 宣布了这一开发ChainQ 是一个人工智能增强型区块链数据和分析平台，计划于 2024 年推出。通过对区块链基础设施运营中的公共区块链数据进行全面索引，ChainQ 旨在提供一个直观且易于使用的平台来访问链上信息。 BTCS 继续致力于 ChainQ 的研发。区块链基础设施：提高区块链基础设施运营效率是 BTCS 2023 年的重点。通过将验证器节点的全面监控和维护引入内部，该公司减少了对外部服务提供商的依赖，从而降低了成本，并为 Builder+ 和 ChainQ 等新的增值计划铺平了道路。 行业亮点

• Bitcoin and Ethereum ETFs Impact on Market Dynamics: The crypto industry experienced a pivotal moment in 2023 with the SEC's long-awaited approval of Bitcoin (BTC) Exchange-Traded Funds (ETFs), marking a significant step towards blending digital currencies with mainstream financial mechanisms. This development, alongside the anticipation for Ethereum (ETH) ETFs in 2024, has ignited a bullish momentum across the cryptocurrency markets, showcasing a robust wave of optimism among investors. These ETFs serve as crucial bridges, connecting the traditional financial world with the crypto ecosystem, thereby facilitating a smoother entry for conventional investors into crypto assets.
• Ethereum's Evolution: Network Upgrades Fuelling Future Adoption: The Ethereum network successfully completed a major and transformative upgrade on March 13 with the "Dencun Hardfork." The upgrade aims to improve network functionality and bolster the efficiency of Layer-2 blockchain infrastructures, particularly by enhancing data storage capabilities. Such improvements are expected to facilitate a more streamlined and cost-effective environment for handling layer-2 transaction fees, signifying a leap forward in Ethereum's technological evolution.
• Adoption of Accounting Standards Update (ASU) No. 2023-08 Impact: The early adoption of ASU No. 2023-08 brought about a fundamental shift in how BTCS accounts for its crypto assets on its financial statements. The company can now recognize these assets at their fair market value compared to previously recording them at their lowest post-acquisition price. This change enables the inclusion of unrealized gains or losses on crypto assets directly in its financial results, offering a more accurate representation of its operational health.

About BTCS Inc.

比特币和以太坊 ETF 对市场动态的影响：加密行业在 2023 年经历了一个关键时刻，美国证券交易委员会 (SEC) 期待已久地批准了比特币 (BTC) 交易所交易基金 (ETF)，这标志着数字货币与主流金融机制融合迈出了重要一步。这一发展，加上对 2024 年以太坊 (ETH) ETF 的预期，点燃了整个加密货币市场的看涨势头，展现了投资者强劲的乐观情绪。这些 ETF 是连接传统金融世界与加密生态系统的重要桥梁，从而促进传统投资者更顺利地进入加密资产。 以太坊的演变：网络升级推动未来的采用：以太坊网络于 3 月成功完成了重大变革性升级13 与“Dencun 硬分叉”。此次升级旨在改善网络功能并提高第二层区块链基础设施的效率，特别是通过增强数据存储能力。这些改进预计将有助于为处理第 2 层交易费用提供更加简化和更具成本效益的环境，这标志着以太坊技术发展的飞跃。 采用会计准则更新 (ASU) 第 2023-08 号 影响：早期采用ASU 第 2023-08 号令 BTCS 在其财务报表中核算其加密资产的方式发生了根本性转变。与之前以收购后的最低价格记录相比，该公司现在可以按公平市场价值确认这些资产。这一变化使得加密资产的未实现收益或损失可以直接纳入其财务业绩，从而更准确地反映其运营状况。 关于 BTCS Inc.

BTCS Inc. is a Nasdaq-listed company operating in the blockchain technology sector since 2014 and is one of the only U.S. publicly traded companies with a primary focus on proof-of-stake blockchain infrastructure. The company's core focus is on driving scalable growth through a diverse range of business streams leveraging and built on top of its core and proven blockchain infrastructure operations. BTCS secures and operates validator nodes on cutting-edge blockchain networks that power Web 3, earning native token rewards by staking its proof-of-stake crypto assets, with an emphasis on Ethereum.

BTCS Inc. 是一家纳斯达克上市公司，自 2014 年以来一直致力于区块链技术领域，也是美国仅有的一家主要专注于权益证明区块链基础设施的上市公司之一。该公司的核心重点是通过利用并建立在其核心和经过验证的区块链基础设施运营之上的各种业务流来推动可扩展的增长。 BTCS 在为 Web 3 提供支持的尖端区块链网络上保护和运行验证器节点，通过质押其权益证明加密资产（重点是以太坊）来赚取原生代币奖励。

Forward-Looking Statements

前瞻性陈述

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws including statements regarding enhanced revenue prospects in 2024, bolstering our financial strength and future growth, aiming to diversify and scale our revenue streams further and driving scalable revenue growth, optimism for driving shareholder value, expectations for the technological evolution of Ethereum and its value creation. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon assumptions and are subject to various risks and uncertainties, including without limitation regulatory issues, unexpected issues with Builder+, unexpected issues with our product offering, and the reluctance of validators to try or utilize 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. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements, whether as a result of new information, future events or otherwise, except as required by law.

本新闻稿中的某些陈述构成联邦证券法含义内的“前瞻性陈述”，包括有关 2024 年收入前景增强、增强我们的财务实力和未来增长、旨在进一步多元化和扩大我们的收入流并推动可扩展的陈述收入增长、推动股东价值的乐观情绪、对以太坊技术演变及其价值创造的期望。诸如“可能”、“可能”、“将会”、“应该”、“相信”、“期望”、“预期”、“估计”、“继续”、“预测”、“预测”、“项目”等词语， ““计划”、“打算”或类似表达，或有关意图、信念或当前期望的陈述，均为前瞻性陈述。虽然公司认为这些前瞻性陈述是合理的，但不应过分依赖任何此类前瞻性陈述，这些前瞻性陈述基于我们在本新闻稿发布之日掌握的信息。这些前瞻性陈述基于假设，并受到各种风险和不确定性的影响，包括但不限于监管问题、Builder+ 的意外问题、我们的产品提供的意外问题以及验证者不愿意尝试或使用我们的 Builder+ 产品，因为以及公司向美国证券交易委员会提交的文件中规定的风险，包括于 2024 年 3 月 21 日提交的截至 2023 年 12 月 31 日止年度的 10-K 表格。因此，实际结果可能存在重大差异。公司明确表示不承担任何更新或更改声明的义务，无论是由于新信息、未来事件还是其他原因，除非法律要求。

Investor Relations:

投资者关系：

ir@btcs.com

ir@btcs.com

Financials

金融

The tables below are derived from the Company's financial statements included in its Form 10-K filed on March 21, 2024, with the Securities and Exchange Commission. Please refer to the Form 10-K for complete financial statements and further information regarding the Company's results of operations and financial condition relating to the fiscal quarter and fiscal year ended December 31, 2023 and 2022. The Company's Form 10-K also includes a discussion of risk factors applicable to the Company and its business.

下表源自该公司于 2024 年 3 月 21 日向美国证券交易委员会提交的 10-K 表格中包含的财务报表。请参阅 10-K 表格，了解完整的财务报表以及有关公司截至 2023 年 12 月 31 日和 2022 年 12 月 31 日的财政季度和财政年度的经营业绩和财务状况的更多信息。公司的 10-K 表格还包括讨论适用于公司及其业务的风险因素。

BTCS Inc.

BTCS公司

Balance Sheets

资产负债表

BTCS Inc.

20232022现金和现金等价物1870万美元1020万美元数字资产（按公平市场价值）2560万美元1410万美元其他流动资产240万美元270万美元总流动资产4670万美元2700万美元财产和设备净额150万美元140万美元商誉1520万美元1520万美元总资产6340万美元43.6百万应付账款和应计费用 220 万美元 210 万美元 长期债务的流动部分 50 万美元 50 万美元 长期债务，扣除流动部分 530 万美元 530 万美元 流动负债总额 270 万美元 260 万美元 负债总额 800 万美元 840 万美元 权益总额 5540 万美元 3520 万美元 BTCS Inc.

BTCS公司

Statements of Operations

经营报表

BTCS Inc.

20232022收入130万美元170万美元收入成本40万美元40万美元毛利润90万美元130万美元运营费用20万美元30万美元净利润70万美元(15.9)百万美元每股净收益0.55美元(1.25)BTCS Inc.

BTCS公司

Statements of Cash Flows

现金流量表

20232022经营活动提供的现金净额130万美元20万美元投资活动使用的现金净额10万美元30万美元融资活动提供的现金净额50万美元20万美元现金及现金等价物变动170万美元10万美元