xTAO - a Bittensor company

$35M → $50M → $70M. Another month, another 40% MoM increase in annualized revenue across the Bittensor ecosystem. When we published the first SubConnect Bittensor Revenue Index, we estimated that revenue-generating subnets were collectively doing around $35M in annualized revenue. A month later, that number had grown to approximately $50M. Today, we're estimating $70M in annualized revenue. That's a 100% increase in just two months. Of course, annualized revenue is a snapshot, and the real challenge is sustaining that growth while improving margins and reducing dependence on emissions, but the direction is clear. Bittensor is growing from the inside out. And our expectation of $100M+ in annualized revenue by the end of 2026 is getting closer. We'll continue tracking the numbers every month through the SubConnect Bittensor Revenue Index.