Anthropic’s third-quarter revenue was $17 billion, up 1,127% year over year—demand is genuinely surging. But it swung from a $974 million profit in the second quarter to a $567 million loss. Compute costs were $9.863 billion, or 58% of revenue, so growth came at the cost of a hefty compute bill. Procurement commitments total $895.4 billion, with $69.8 billion due within 12 months—the bills are piling up faster than revenue. $BTC is holding steady around $78,000, while $BNB is trading sideways near $705. #Anthropic