# Revenue Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Revenue", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Media: Anthropic Aims for Revenue Up to $200 Billion by 2028 Ahead of IPO

Anthropic, the AI company behind Claude, is reportedly projecting its revenue could reach between $190 billion and $200 billion by 2028, according to sources cited by Reuters. This forecast, significantly higher than its reported $47 billion annual run-rate in May 2026, is being used by investors and bankers to value the company ahead of a potential IPO. Anthropic has confidentially filed with the SEC, with listing details dependent on market conditions and regulatory approval. The valuation reportedly applies a revenue multiple (EV/Revenue) to these future 2028 figures, an approach common for high-growth tech firms but unusual for a forecast two years ahead of an IPO. This reflects confidence in Anthropic's rapid scaling; its annual run-rate grew tenfold yearly for three years leading into 2026, jumping from ~$9B in late 2025 to over $47B by May 2026. Investors are betting the company's massive spending on GPUs, model training, and infrastructure will eventually outpace costs, leading to expanding margins. Public companies like Palantir, Cloudflare, and SpaceX, valued at high multiples of their forward revenue, serve as benchmarks. While this forward-looking method has precedents, some analysts question the sustainability of such valuations and the actual productivity gains from AI. Despite these concerns, earlier reports suggested Anthropic could be valued at over $1 trillion for its IPO.

cryptonews.ru2h ago

Media: Anthropic Aims for Revenue Up to $200 Billion by 2028 Ahead of IPO

cryptonews.ru2h ago

IPO Imminent, OpenAI Faces Major Personnel Upheaval

OpenAI, preparing for a potential IPO, is experiencing significant leadership turmoil. In mid-August 2026, longtime "GPU geek" Scott Gray quietly left, and within three days, Chief Operating Officer Brad Lightcap (8-year veteran) and Chief Revenue Officer Denise Dresser (8-month tenure) departed. This follows a broader exodus of at least 10 senior executives in 2026, including heads of product, safety, and ethics. Analysts view this as a strategic "surgery" to transform from a research lab into a sales-driven enterprise company before going public. Revenue now tilts toward enterprise clients, surpassing consumer income sooner than expected, with annualized revenue reaching $40 billion. The new CRO, Dali Rajic, is a veteran enterprise sales leader. Concurrently, OpenAI has disbanded independent safety teams like "Preparedness," which assessed catastrophic risks, integrating their functions into core research. Critics warn this removes dedicated "brakes" on AI development. The leadership vacuum raises questions about who is the clear second-in-command after former apps CEO Fidji Simo moved to an advisory role. Co-founder Greg Brockman appears to be consolidating power. As OpenAI races against rival Anthropic ($47B annualized revenue), it faces the dual challenge of commercial execution while managing the departure of foundational technical talent and ensuring responsible AI development remains a priority.

marsbit4h ago

IPO Imminent, OpenAI Faces Major Personnel Upheaval

marsbit4h ago

$2 Trillion: Countdown to AI's Largest IPO in History

The countdown for the largest IPO in AI history, a potential $2 trillion listing for Anthropic, is underway for October. The staggering valuation, reportedly projected by several investors, contrasts with the company's own internal restraint on setting a public target. Founded five years ago by former OpenAI core members, Anthropic's growth has been meteoric. Annual recurring revenue (ARR) surged from ~$9B in late 2025 to $47B by May 2026, with Q2 2026 revenue of $11.5B marking a 14x year-over-year increase. Bank valuations are even based on internal 2028 revenue forecasts of $190-200B. A key growth driver is Claude Code, its AI coding assistant. Its ARR quintupled in five months to $2.5B by February 2026, now constituting nearly 20% of total revenue. Surveys indicate Anthropic commands roughly 40% of enterprise LLM spending, doubling OpenAI's share in programming-specific use. However, alongside this explosive growth, reports detail significant internal cultural strife. Critics describe a divisive "priesthood" of PhD executives, led by CEO Dario Amodei, who promote a "save humanity" narrative that some employees find cult-like and alienating. This has reportedly created a demoralized workforce and a covert "underground network" of dissent among engineers torn between lucrative pre-IPO equity and a toxic work environment. Anthropic now faces a pivotal paradox: pursuing its mission of "safe" AI requires immense capital for compute, yet that capital demands relentless commercial growth. As it approaches its historic IPO, the company must navigate intense regulatory scrutiny, soaring operational costs, and internal tensions—any of which could destabilize its post-listing trajectory, much like SpaceX's significant post-IPO stock drop. The stage is set for a defining moment in tech history.

marsbit8h ago

$2 Trillion: Countdown to AI's Largest IPO in History

marsbit8h ago

From Mining to Artificial Intelligence: A $9.1 Billion Contract Shifts Riot Platforms' Business Model

The American bitcoin mining company Riot Platforms has entered into a major 20-year lease and service agreement for a 191 MW data center in Texas. The contract, reportedly with AI lab Anthropic, is expected to generate approximately $9.1 billion in revenue through 2048, potentially reaching $16.1 billion with extensions. This deal was announced alongside Riot's Q2 2026 results, which revealed a net loss of $237.2 million despite an 11% increase in bitcoin production to 1,587 BTC. While mining revenue fell 19.3% year-over-year to $113.7 million, overall revenue grew 14% to $174.2 million, boosted by a $23.2 million contribution from the data center segment. The contract signifies a strategic shift for Riot, providing a long-term revenue stream decoupled from bitcoin's price volatility. This move is part of a broader industry trend where bitcoin miners are repurposing energy infrastructure to serve the high-demand AI computing sector.

cryptonews.ruYesterday 11:51

From Mining to Artificial Intelligence: A $9.1 Billion Contract Shifts Riot Platforms' Business Model

cryptonews.ruYesterday 11:51

Large-Scale Miners Cut 20% of Capacity for AI. The Situation is That Complex

In the first half of the year, a group of major public Bitcoin miners reduced their Bitcoin mining output by 21%, according to Miner Weekly, amid a large-scale shift towards supporting artificial intelligence (AI) infrastructure. The global hashrate, reflecting mining activity, fell by 10% during this period. Despite expansion efforts by some large players like Bitdeer, MARA, Riot Platforms, and American Bitcoin, these increases were insufficient to offset the overall decline. Excluding Bitdeer, the hashrate of the other major miners fell by 21.2%, from 324.6 EH/s to 255.9 EH/s. Bitdeer's capacity grew 44% to 63 EH/s, aided by its own SEALMINER hardware production. The primary driver for the shift is that revenues from AI are higher, more stable, and predictable than from cryptocurrency mining. Early adopters like Core Scientific and TeraWulf already earn more from their AI segments than from mining. In Q2 2026, AI-related high-performance compute leasing accounted for 71% of TeraWulf's revenue and 83% for Core Scientific, while the rest of the sector is at an earlier stage of transition. The global hashrate has fallen over 10% since the start of 2026, from 1040 EH/s in January to below 900 EH/s in August, with a recent 24-hour average at 888 EH/s.

cryptonews.ruYesterday 19:55

Large-Scale Miners Cut 20% of Capacity for AI. The Situation is That Complex

cryptonews.ruYesterday 19:55

Kraken's Parent Company Reports 17% Revenue Growth Despite Trading Volume Decline in Q2

Kraken's parent company Payward reported a 17% year-over-year increase in adjusted revenue to $508 million in Q2, despite a decline in trading volumes. Total transaction volume fell 13% to $310 billion, while the number of funded accounts grew 42% to 6.6 million. Adjusted EBITDA remained positive at $23 million. Notably, 60% of total revenue came from assets and other sources, up from 55% a year earlier, indicating a strategic shift toward non-transaction income. The company offset weaker spot crypto activity with growth in traditional futures, equities, and tokenized stock segments. Payward has expanded beyond spot crypto trading, entering new markets like equities and pre-IPO investments over the past year. Key acquisitions, including futures platform NinjaTrader and regulated derivatives exchange Bitnomial, supported its financial infrastructure growth.

cryptonews.ruYesterday 19:26

Kraken's Parent Company Reports 17% Revenue Growth Despite Trading Volume Decline in Q2

cryptonews.ruYesterday 19:26

Kraken parent Payward revenue rises 17% as trading volume falls in Q2

Kraken's parent company Payward reported $508 million in adjusted revenue for Q2, a 17% year-over-year increase despite a 13% decline in total transaction volume to $310 billion. The growth was driven by diversification, with asset-based and other revenue now accounting for 60% of the total, up from 55%. Key factors included expansion into traditional futures, equities, and tokenized assets, which helped offset weaker crypto spot trading. The company also reported a 42% increase in funded accounts to 6.6 million and remained adjusted EBITDA positive at $23 million. Payward has broadened its offerings through acquisitions like NinjaTrader and Bitnomial, and by entering new areas such as pre-IPO exposure and wallet infrastructure.

cointelegraphYesterday 18:55

Kraken parent Payward revenue rises 17% as trading volume falls in Q2

cointelegraphYesterday 18:55

Gemini posts $108M Q2 net loss despite 37% revenue growth

Cryptocurrency exchange Gemini reported a net loss of $107.7 million in Q2 despite a 37% year-over-year revenue increase to $45.5 million. The loss occurred as core exchange revenue fell 38% to $12.5 million due to a sharp drop in trading volume. This was partially offset by a 149% surge in services revenue to $23.5 million, driven by strong growth in credit card and staking income. However, transaction losses ballooned to $20.1 million, primarily from a provision for credit losses related to an identity fraud event in the credit card portfolio. Operating expenses rose 24% compared to the prior year, though they decreased from Q1 due to cost-cutting. Following the earnings report, Gemini's stock fell nearly 5% in pre-market trading.

cointelegraph2 days ago 12:15

Gemini posts $108M Q2 net loss despite 37% revenue growth

cointelegraph2 days ago 12:15

Public Bitcoin Miners Cut Hashrate by 21% Over Three Quarters

Over the past nine months, the realized hash rate of a group of public bitcoin miners (excluding Bitdeer) has fallen by 21.2%, dropping from 368.3 EH/s in Q4 2025 to 319.0 EH/s in Q2 2026. According to MinerWeekly, companies are reducing mining capacity to shift resources towards AI and high-performance computing (HPC) infrastructure. While the overall Bitcoin network's hash rate also declined, the drop was softer at 10.6%, decreasing from an average of 1,071 EH/s in Q4 2025 to 957 EH/s in Q2 2026. Bitdeer notably offset industry trends, increasing its realized hash rate by 44% to 63 EH/s. Analysts attribute the shift to growing revenue from colocation and AI compute services. For example, in Q2 2026, Core Scientific earned $136.7 million from additional deployments versus $27.5 million from bitcoin mining. Similarly, TeraWulf generated $31.9 million (71% of its total) from HPC leasing, compared to $12.8 million from mining. However, the transition is uneven, with companies like Riot Platforms and Bitdeer still deriving most revenue from mining-related activities. The current downturn is characterized as a result of weak mining economics and competition for capital and electricity from AI workloads. The report recalls a similar, though temporary, hash rate decline following China's mining ban in June 2021.

cryptonews.ru2 days ago 11:33

Public Bitcoin Miners Cut Hashrate by 21% Over Three Quarters

cryptonews.ru2 days ago 11:33

Kalshi's Valuation Doubles to 40 Billion in Six Months, Sequoia and Wellington Pour Another 750 Million

Kalshi, a leading U.S. prediction market platform, is reportedly in advanced talks to raise at least $750 million from Sequoia Capital and Wellington Management at a valuation of $40 billion. This marks Wellington's first investment in the company, while Sequoia would deepen its existing stake. Kalshi previously raised $1 billion at a $22 billion valuation in May and is now targeting a potential IPO in 2027. According to sources, Kalshi's annualized revenue reached approximately $4 billion as of July, driven largely by sports contracts which account for over 80% of its trading volume. The company claims a 95% market share by revenue in the U.S. prediction market. Its competitor, Polymarket, reportedly sought funding at a $20 billion valuation, with ICE investing $600 million at a $15 billion valuation in August. Kalshi recently announced the return of Jeff Bandman, the lawyer who helped it secure a CFTC-regulated exchange license in 2020, as CEO of Kalshi Prime, its platform for margin-perpetual futures clients. Neither Kalshi, Sequoia, nor Wellington provided immediate comment.

marsbit2 days ago 06:36