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Second Quarter 2026 Results - BTCS Inc. - Advanced Blockchain Operations BTCS Reports Gross Profit of $ 1.5 Million and 61 % Gross Margin for Second Quarter 2026 Press Release | August 20 , 2026 Gross profit increases 47 % quarter - over - quarter , driven by continued growth from Imperium Wayne , PA - ( GlobeNewswire - August 20 , 2026 ) - BTCS Inc. ( Nasdaq : BTCS ) ( " BTCS " or the " Company " ) , short for Blockchain Technology Consensus Sol quarter ended June 30 , 2026 ( " Q2 2026 " ) . The Company also released an updated investor presentation available at www.btcs.com/investors/ . " The second quarter of 2026 demonstrated meaningful progress toward profitability , with improved margins even amid a volatile and down crypto market , " sai gross margin . Our DeFi business line , Imperium , was a key driver of our gross profit and margin for the quarter , representing 61 % of total revenue . As we conti Financial Highlights Second Quarter 2026 Financial Summary • . Total revenues increased 14 % to $ 2.4 million for Q2 2026 , compared to $ 2.1 million in Q1 2026 , as Imperium revenue grew quarter - over - quarter . Gross profit grew to $ 1.5 million ( 61 % margin ) for Q2 2026 , representing a 47 % increase from Q1 2026 of $ 1.0 million ( 47 % margin ) . The improvement r blockchain infrastructure segment . • DeFi revenues ( Imperium ) increased 48 % quarter - over - quarter to $ 1.5 million for Q2 2026 from $ 1.0 million in Q1 2026 , representing approximately 6 • Blockchain infrastructure revenues , comprising NodeOps and Builder + , decreased to $ 0.9 million for Q2 2026 , compared to $ 1.1 million in Q1 2026 , refle activities during the quarter . • Net loss for Q2 2026 was $ 34.9 million , compared to a net loss of $ 69.1 million in Q1 2026. The net loss was primarily driven by non - cash items , including related to ETH sales used to manage DeFi collateral levels and deposits into liquidity pool positions . Balance Sheet Overview • • Total assets were $ 89.3 million as of June 30 , 2026 , compared to $ 129.0 million as of March 31 , 2026 , primarily reflecting declines in the fair value of digi The Company reduced total debt obligations to $ 50.4 million as of June 30 , 2026 , from $ 74.8 million as of March 31 , 2026 , through repayments of DeFi million , respectively . Disciplined risk management remains a priority for the Company , and during the quarter the Company proactively reduced leverage by • Common shares outstanding ( including unvested restricted common stock ) were 49.8 million as of June 30 , 2026. The Company did not sell any shares und Michael Prevoznik , Chief Financial Officer , stated , " Imperium continues to be the engine behind our growth , driving the majority of our revenue and boosting th strategies and increasing utilization of DeFi protocols within the Ethereum ecosystem . We remain focused on scaling revenue , expanding gross profit , and deliv Imperium . " " Our engineering team continued to push Imperium forward this quarter , " said Ben Hunter , Chief Technology Officer . " The on - chain strategies we built and dep strategies while also exploring new ones , as Imperium remains central to BTCS's long - term growth . " Company Commentary and Outlook Imperium remains BTCS's core strategic focus for 2026. Building on its contribution in the first quarter , Imperium's DeFi revenues grew further during the seco margin both increased sequentially , reflecting the growing contribution of Imperium's higher - margin DeFi activities . As the Company continues to deploy resou Management remains optimistic about the long - term adoption of digital assets , including through continued institutional participation and the potential for grea eventual regulatory clarity as a potential longer - term tailwind for institutional adoption of digital assets and for BTCS's business . " Despite a rough start to the year for crypto markets , this was a promising quarter for BTCS , " said Mr. Allen . " We believe our strategy is unique compared to ou remain optimistic about the path toward greater regulatory clarity and continued institutional adoption of digital assets , both of which could benefit BTCS over About BTCS : BTCS Inc. ( " BTCS " or the " Company " ) , short for Blockchain Technology Consensus Solutions , is a U.S. - based Ethereum - first blockchain technology company ( integrated approach to capital formation and blockchain infrastructure . By combining decentralized finance ( " DeFi " ) and traditional finance ( " TradFi " ) mechani deployments ) , BTCS offers a unique opportunity for blockchain exposure , driven by recurring on - chain revenue generation and an Ethereum - focused strategy . Forward - Looking Statements : This press release contains " forward - looking statements " within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exc revenue expectations ( including from Imperium ) , profitability and margin targets , market positioning , business strategy , regulatory developments ( including the " predict , " " intend , " " target , " or similar expressions identify forward - looking statements . These statements are based on current expectations and assumptions assets , and concentration risk from the Company's Ethereum - first strategy ; regulatory developments affecting digital assets and blockchain technology , includ operational risks associated with Builder + , Imperium , and NodeOps , including smart contract vulnerabilities , DeFi protocol failures , counterparty risks , imperma party DeFi protocols ; risks related to the Company's use of leverage and collateralization requirements ; technological implementation challenges , cybersecurit blockspace demand , and changes in network protocols , consensus mechanisms , or gas fee structures ; general economic and market conditions ; and other risl