Bittensor’s Lium Subnet Reaches $34.6 Million in Annualized GPU Spend

Lium, a GPU rental service on Bittensor, recorded $2.70 million in GPU rentals over 31 days, while its latest-week spending pace annualizes to $34.6 million.

The dashboard covered Oct. 10 to Nov. 9 and showed 2,394 billed customers and 29,300 rentals. Spending rose 87% from $1.45 million month over month. Billed customers increased 72%, rental volume grew 62%, and existing customers spent 46% more.

The $34.6 million amount is a run rate, not revenue collected over a full year. It extrapolates the latest seven days of spending to 365 days. The resulting pace was about $95,000 a day, versus an average of roughly $87,000 across the 31-day period. The total reflects customer spending and excludes emissions and wash volume.

Lium operates as Subnet 51 on Bittensor, a network whose subnets provide specialized services. The service rents NVIDIA GPU capacity, billing customers by the second. Its listed high-utilization hardware includes NVIDIA B300, H200 and RTX 5090 GPUs.

About 77.7% of rentals began through command-line tools, software development kits (SDKs) or application programming interfaces (APIs), rather than the web app.

Providers retain 95% of rental fees and also receive subnet emissions and bonuses for idle capacity. The emissions and idle-capacity bonuses are separate rewards from rental payments.

An earlier Bittensor annualized revenue estimate put the network-wide figure at about $70 million. It covered multiple subnets. Compute and infrastructure accounted for about 78% to 82% of verified revenue in that estimate, with Lium named among the leading contributors alongside Targon and Engy. Other subnets offer services such as editable CAD files for 3D printing and high-volume token processing. Lium’s $34.6 million calculation covers one service and annualizes a seven-day spending window, giving it a narrower scope than the broader network estimate.