Wintermute Aims for $1B AI Push and 50% Non-Crypto Revenue by End-2027

Crypto market maker Wintermute plans to invest $1 billion in AI infrastructure and high-frequency trading over five years, targeting more than 50% of revenue from non-crypto markets by end-2027.

The London-based firm's CEO Evgeny Gaevoy outlined the plans to Bloomberg, saying they want to exceed 10% business from non-crypto markets. Wintermute currently derives about 10% of its business from stocks, commodities, and foreign exchange.

The expansion will be funded from retained earnings rather than outside capital. Gaevoy said the firm was profitable in 2025 and expects to remain profitable in 2026, without providing specific figures.