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The decentralized AI infrastructure network DGrid AI announced the latest data on its Genesis membership program: cumulative revenue has surpassed $20 million, with over 13,000 paid subscribers. Funds are deposited into a publicly verifiable BNB Chain Safe multi-signature treasury wallet, ensuring on-chain transparency.It is understood that the growth is supported by the four core product matrices built by DGrid: AI Gateway unifies API aggregation of mainstream models such as Claude, GPT, and Gemini, offering discounts of up to 55%; AI Arena has over 300,000 participants in blind review competitions, producing high-quality manually labeled data; DClaw supports minute-level local AI assistant deployment, with persistent memory and modular plugin capabilities; a decentralized model marketplace is about to launch, supporting high-quality asset tokenization. The platform also launched the model recommendation agent Dori, which helps developers instantly match the optimal model solutions.On the technical side, DGrid prevents model providers from delivering low-quality models, fabricating data, or hiding computation costs through its self-developed Proof of Quality (PoQ) consensus mechanism, ensuring service quality and pricing transparency at the protocol level. The project has previously received seed round investments from Waterdrip Capital, IoTeX, Paramita VC, and Zenith Capital.

According to The Information, AI company Anthropic's current annualized revenue is approaching $45 billion, while OpenAI's latest annualized revenue is estimated to be around $33 billion, indicating that Anthropic's revenue scale may have surpassed OpenAI by at least 35%.This situation has seen a significant reversal compared to the end of 2025. At that time, Anthropic's annualized revenue was about $9 billion, less than half of OpenAI's; however, since then, Anthropic's revenue has grown by about 5 times, while OpenAI's has grown by about 50%.The report also pointed out that Anthropic is currently relying mainly on enterprise-level AI, code generation, and white-collar work scenarios for rapid growth and may have achieved quarterly operational profitability; in contrast, OpenAI still faces high computing power and consumer business cost pressures.

Tiger Research's Research Director Ryan Yoon stated that the U.S. Securities and Exchange Commission (SEC) is preparing to launch an "innovation exemption" framework that allows third parties to tokenize listed stocks without the issuer's approval.Ryan Yoon warned that this move could cause two major structural shocks to traditional exchanges: first, liquidity fragmentation, as funds will disperse from centralized exchanges to multiple blockchain platforms; second, revenue fragmentation, as trading fees and intermediary income may flow to overseas or competing platforms, threatening the competitiveness of U.S. finance.He believes that traditional exchanges are like monopolistic superstores, while tokenized stocks are akin to allowing anyone to set up a street stall, which will significantly change the concentration of capital markets. The SEC is advancing this framework at this time to keep global financial income within the domestic regulatory scope.

Bitwise CEO Hunter Horsley stated, "A new category is emerging in the crypto industry—'revenue chains,' with Hyperliquid and Solana as the current leaders. He believes that while there is some overlap between the two, they each have distinct characteristics and both possess strong communities, use cases, and user bases. He mentioned that in the future, the two may benefit from the structural growth of the mobile internet, much like iOS and Android. Horsley pointed out that for 'revenue chains,' they are benefiting from the trend of capital markets going on-chain. Therefore, whether supporting HYPE, SOL, or both, what truly matters is not the competition between them, but the overall rise of on-chain capital markets. He stated, 'Support the on-chain capital markets. I am glad to see the success of the crypto industry.'"

NVIDIA (NVDA.O) released its financial report after the U.S. stock market closed on Wednesday. For Q1 ending April 26, 2026, revenue was $81.6 billion, a 20% increase from the previous quarter and an 85% increase year-over-year, with market expectations at $78.672 billion. Revenue from the data center business was $75.2 billion, with market expectations at $72.8 billion. NVIDIA also announced an $80 billion stock buyback plan and will increase its quarterly cash dividend from $0.01 per share to $0.25 per share.In addition, NVIDIA's data center spending (the main source of the company's revenue) has not shown any signs of slowing down. NVIDIA expects second-quarter revenue to be $91 billion (plus or minus 2%), while the market median expectation is $86.788 billion, although the forecast value once reached as high as $96 billion.

According to WSJ, Anthropic's revenue is expected to reach $10.9 billion in the second quarter, more than doubling from $4.8 billion in the first quarter, and it will achieve profitability at the operational level for the first time. Due to its enormous computing power requirements, the company may not be able to maintain profitability throughout the year; the operational profits have already accounted for the costs of training new models but do not include equity incentive expenses.As part of an ongoing financing round, Anthropic disclosed this data to investors, and this round of financing is likely to raise its valuation above that of OpenAI. Last summer, Anthropic shared financial data with investors, which indicated that the company might not achieve full-year profitability until at least 2028.

According to Jinshi reports, Nvidia's stock rose after hours, with its first-quarter revenue and second-quarter revenue outlook both exceeding market average expectations.

Canaan Inc. announced its financial report for the first quarter of 2026. The report shows that the company's total revenue was $62.7 million, in line with the previous guidance range; net loss was $88.7 million. As of March 31, 2026, the company's cryptocurrency reserves reached 1,807.60 bitcoins and 3,951.53 ethers, setting a new historical high.In terms of operations, the total hash power of the company's ten joint mining projects reached approximately 11 EH/s, a quarter-over-quarter increase of 10.7%; the first quarter output was 257 bitcoins. In terms of strategic layout, the company acquired a 49% stake in the ABC project in West Texas from Cipher Mining, with the project's operational hash power reaching approximately 4.4 EH/s; at the same time, it deployed a "hash power to thermal energy" project in Northern Europe, with a planned total capacity of about 8 megawatts.Canaan Inc. expects total revenue for the second quarter of 2026 to be in the range of $35 million to $45 million.

According to The Block, digital infrastructure company Soluna Holdings announced its first-quarter financial report, with revenue increasing by 58% year-on-year to $9.4 million, marking the fourth consecutive quarter of sequential growth. The data center hosting business generated $6.7 million, while cryptocurrency mining contributed approximately $2.2 million, down from nearly $3 million in the same period last year.Net loss widened from $10.5 million in the same period last year to $17.9 million, primarily due to increased equity incentives, interest, and financing costs. Adjusted EBITDA loss slightly narrowed to $2.1 million. At the end of the quarter, it held $68.6 million in cash. Soluna is participating in the wave of Bitcoin miners seeking new sources of revenue, shifting capital towards AI and high-performance computing infrastructure.

According to CoinDesk, Kraken's parent company Payward announced its Q1 2026 performance, showing adjusted revenue of $507 million, a year-on-year increase of 3%, achieving growth despite the overall downturn in the cryptocurrency market.The report indicated that Payward's futures business performed strongly during the period, with daily average revenue trades (DARTs) increasing by 51% year-on-year, mainly benefiting from the expansion of NinjaTrader, Breakout, and derivatives business.However, the company's adjusted EBITDA fell to $18 million. Payward stated that it continues to invest in mergers and acquisitions, product development, and regulatory infrastructure construction, rather than prioritizing short-term profits.Additionally, the company disclosed that Kraken's spot market share has increased from about 3.5% in mid-2025 to 5.2% in March 2026; the number of funded accounts on the platform grew by 47% year-on-year to 6.1 million, and the platform's asset scale rose to $40 billion.

Forward Industries, a Solana treasury company, announced its quarterly financial report for the period ending March 31, 2026, showing a year-on-year revenue increase of 319% to $13 million. However, due to the decline in the fair value of crypto assets, net losses widened to $283.1 million.The company stated that the growth this quarter was mainly driven by increased staking rewards from Solana (SOL). However, during the same period, it recorded a digital asset loss of $201.7 million and an asset impairment of $85.1 million, primarily due to the price volatility of SOL leading to a decrease in the valuation of holdings.The financial report indicated that the company held approximately 7.04 million SOL during the quarter and earned about 201,200 SOL in rewards through staking, with nearly all SOL assets being staked. Solana fell approximately 33.7% during the reporting period, closing at $82.44. Price volatility is considered the core factor dragging down financial performance.Additionally, Forward Industries signed a loan agreement with Galaxy Digital in March and drew the first tranche of $40 million in financing, using fwdSOL as collateral, with a comprehensive annual interest rate of about 3.4%. The company stated that this financing is used to optimize its liquidity structure.Company management indicated that they have adjusted the balance sheet through cost reductions, debt instruments, and stock buybacks to cope with market volatility and enhance long-term value. Despite a significant widening of quarterly losses, the company's stock price slightly declined in after-hours trading following the financial report, but it still recorded a monthly increase recently.

Nasdaq-listed company Bit Digital released its Q1 2026 financial report, showing total revenue of $27.9 million, a decrease of 13.6% from the previous quarter, primarily affected by declines in Ethereum staking income, cloud services, and mining business revenue.Among them, ETH staking income fell by 29.4% to $2.3 million, with the company citing reasons including the drop in ETH prices and a reduction in staking scale. Meanwhile, cloud service revenue decreased by 13.1% to $16.8 million, and Bitcoin mining revenue dropped by 32.9% to $3.7 million.During the reporting period, the company's net loss widened to $146.7 million, mainly impacted by non-cash factors such as changes in the fair value of digital assets.As of the end of March, the Ethereum holdings were approximately 154,400 coins, valued at about $327 million. The company stated that it has converted about 70,000 ETH into liquid staking to enhance asset flexibility.In recent years, Bit Digital has continuously shifted from Bitcoin mining to Ethereum staking and digital asset treasury strategies, gradually laying out high-performance computing (HPC) and AI infrastructure business. The company's management indicated that future capital allocation will continue to tilt towards Ethereum and infrastructure.

Cryptocurrency exchange Gemini released its Q1 financial report, with revenue reaching $50.3 million, a 42% increase from $35.3 million in the same period last year, which led to a 30% rise in its stock price during after-hours trading. The company stated that the growth mainly came from service business, OTC trading, and cryptocurrency-related credit card businesses such as the Gemini Credit Card. Among these, the credit card segment's revenue grew by approximately 300% year-over-year, nearing half of the total revenue.Gemini also disclosed data on its prediction market business for the first time. Since its launch in December last year, this business has attracted over 20,000 users trading contracts, with a total of over 100 million contracts traded, contributing approximately $400,000 in revenue. The company noted that trading volume in April further increased by 78% compared to the previous month. Gemini CEO Tyler Winklevoss stated that the company is gradually transforming from a cryptocurrency trading platform into a broader "market company." Previously, Gemini obtained a CFTC derivatives clearing organization license to support its expansion into derivatives and prediction market businesses.

According to CoinDesk, the crypto platform Bullish (BLSH) announced its performance for the first quarter of 2026, with adjusted revenue of $92.8 million, below analysts' expectations of $94.9 million; adjusted EBITDA was $35.1 million, also below the expected $38 million; the net loss reached $604.9 million, equivalent to a loss of $3.85 per share, with the loss widening compared to the same period last year. Due to sluggish digital asset trading activity, BLSH's stock price fell by 7.9% in pre-market trading, reporting at $38.51.

According to The Block, the ranking of fee revenue from major blockchains last week showed a different pattern compared to the original activity metrics. Hyperliquid led all public chains with approximately $11 million in fee revenue, accounting for about 43% of the market share. Its fees primarily come from perpetual contract trading activities, where users pay fees for opening, holding, and closing positions.Over the past year, Hyperliquid's market share has significantly increased as derivatives traders rapidly migrated to its dedicated infrastructure. In contrast, Ethereum's fee revenue was about $3 million, accounting for approximately 13%, with revenue sources covering a broader mix including DeFi interactions, smart contract executions, and token transfers. Solana's fee revenue was about $2 million, accounting for around 10%, showing a significant gap compared to its DEX trading volume share, indicating that high-frequency, low-fee meme coin trading has not effectively converted into fee revenue.

Digital asset infrastructure company BitGo Holdings (NYSE: BTGO) recently released its first quarterly report since going public. In the first quarter of 2026, the company reported total revenue of $3.77 billion, a year-on-year increase of 112.6%, mainly driven by the expansion of its digital asset business and growth in stablecoin-as-a-service revenue.However, GAAP net loss widened from $25.7 million in the same period last year to $60.7 million, due to a non-cash market value adjustment of approximately $53.7 million on Bitcoin holdings and increased equity incentive expenses related to the IPO. Adjusted EBITDA recorded a loss of $1.7 million, compared to a profit of $3.9 million in the same period last year.During the quarter, BitGo launched its derivatives business in January, generating approximately $3 billion in nominal trading volume. Since derivatives revenue is recognized on a net basis while spot trading is recognized on a gross basis, revenue decreased by 38.7% quarter-on-quarter. The number of customers increased by 42% year-on-year to 5,569. As of the end of the quarter, the company held 2,449 Bitcoins and $186.6 million in cash.

Japan's Bitcoin treasury company Metaplanet announced its Q1 performance for the fiscal year 2026: revenue was 30.8 billion yen, a year-on-year increase of 251.1%; operating profit was 22.67 billion yen, a year-on-year increase of 282.5%; recurring loss was 114.928 billion yen, mainly affected by accounting impairments due to the decline in Bitcoin prices. As of March 31, 2026, Metaplanet held 40,177 BTC, with a fully diluted per-share BTC holding increasing by 2.8% compared to the end of 2025.The company stated that as of May 12, 2026, its BTC holdings had a market value of approximately 514 billion yen, accounting for about 87% of the total BTC holdings of listed companies in Japan. In addition, Metaplanet maintained its full-year performance guidance for the fiscal year 2026, expecting total revenue of 16 billion yen, a year-on-year increase of 79.7%; and total operating profit of 11.4 billion yen, a year-on-year increase of 81.3%.

According to The Block, eToro's revenue from its cryptocurrency business in the first quarter of 2026 fell to $2.15 billion, down from $3.5 billion in the same period of 2025; the total number of cryptocurrency transactions decreased by 32% year-on-year.During the same period, the cost of revenue from its cryptocurrency business dropped from $3.5 billion to $2.1 billion, and the cryptocurrency holdings on the balance sheet slightly decreased from $62.6 million at the end of 2025 to $60.5 million. eToro stated that it completed the $70 million acquisition of cryptocurrency wallet company Zengo during the quarter and launched cryptocurrency trading services in New York.

According to Cointelegraph, Bakkt released its financial report for the first quarter of 2026, showing a net loss attributable to the company of $11.7 million, or a loss of $0.41 per share; compared to a net profit of $7.7 million in the same period last year.Due to a decline in cryptocurrency trading volume, Bakkt's cryptocurrency service revenue fell from $1.07 billion in the same period last year to $243.6 million, a year-on-year decrease of 77%, although most of this was offset by cryptocurrency costs and brokerage fees. The company held $82.6 million in cash at the end of the first quarter and has no long-term debt.Bakkt stated that it is transitioning from cryptocurrency trading infrastructure to stablecoin payments and AI financial infrastructure, and completed the acquisition of Distributed Technologies Research on April 30, gaining an AI-native payment engine and a stablecoin compliance technology stack.