BTCS Becomes the First U.S. Public Company to Run Validator Nodes on Ethereum 2.0

 
 

BTCS Becomes the First U.S. Public Company to Run Validator Nodes on Ethereum 2.0

Known as a digital asset and blockchain technology-focused company, BTCS Inc. announced a new business model to stakeholders. Thanks to a successful registered direct offering, the company obtained $9.5 million in gross proceeds and is now expanding its validator node network to 200 nodes to generate revenue growth. The recently expanded transaction verification service operation runs on Ethereum 2.0 and 100 nodes are actively generating revenue and the remaining 100 are expected to be fully operational by the end of the first quarter of 2021.

BTCS became the first U.S. public company to mine bitcoin and is now the first U.S. public company to run validator nodes on Ethereum 2.0. The Company believes this strategy can drive strong near-term revenue growth while generating financial returns superior to traditional bitcoin mining and opening the door to additional future revenue-generating operations such as staking as a service.

To learn more about BTCS, please visit www.btcs.com.

Disclosure: This is a paid placement by BTCS Inc., a client of Epic MegaCorp LLC (dba CryptoCoin.News). BTCS agreed to pay Epic MegaCorp LLC $122,650 for investor awareness services. Epic MegaCorp LLC is a marketing company and not a registered investment advisor. The information contained on this site is not intended to be, and shall not constitute, an offer to sell nor the solicitation of any offer to buy any security. The information presented on this recorded line is provided for informational purposes only and is not to be treated as advice to make any specific investment.


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