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Nexus Posts $1.2 Billion for 2025 as Kiziloz Presses Founder-Led Expansion

He is plowing resources into Spartans.com under sole ownership to chase scale over short-term margins.

Overview

  • Revenue tripled from 2024’s roughly $400 million, though an internal $1.45 billion goal was missed.
  • Profit declined about 7% as growth spending outpaced near-term returns, according to multiple reports.
  • Kiziloz retains full control with no external investors or board, with crypto.news reporting abrupt leadership removals at BlockDAG under the same governance approach.
  • Recent coverage estimates his personal net worth at $1.7 billion tied to Nexus and Spartans.com.
  • A reported $200 million internal allocation to Spartans.com funded platform work, licensing and high-profile marketing such as an Argentina national-team sponsorship and a one-of-one hypercar giveaway, with additional reporting saying Nexus’s brands expanded across more than 40 markets.