# Bittensor Annualized Revenue Estimate Rises 40% to $70 Million

By Simon Yoon

Canonical URL: https://www.tokenpost.com/news/technology/48996
Published: 2026-11-05T03:24:50.000Z
Updated: 2026-11-05T03:24:50.000Z
Section: Technology

> The estimate puts annual emissions above $300 million, with external revenue covering 9% to 23% of that amount. Compute and infrastructure subnets account for most verified revenue.

A Nov. 4 estimate put Bittensor’s annualized revenue at about $70 million, up 40% from October, while external revenue covered only a fraction of estimated annual emissions.

Annual emissions were estimated at more than $300 million, while external revenue covered 9% to 23% of that figure.

The $70 million figure is an annualized estimate, not an audited on-chain total. It uses off-chain payment records. Late-August and early-September estimates placed revenue at $32 million to $35 million, roughly half the November estimate.

Compute and infrastructure subnets account for about 78% to 82% of verified revenue. Lium (SN51), Targon (SN4) and Engy (SN53) are among the leading contributors; Bitcast, Almanac, Score and Vanta also add to the total.

Bittensor is organized into subnets that provide specialized AI tasks or services. Each subnet has its own alpha token alongside the network’s main token. Some subnets use outside revenue to buy back their alpha tokens. Fourteen revenue-generating subnets were funding buybacks when the initial Revenue Index launched, and that number has since grown.

The estimate projects annualized revenue above $100 million by year-end 2026. The estimate’s growth comes as external revenue remains well below the network’s estimated annual emissions.