Aethir’s GPU Network Records $36M in First-Year Revenue
Aethir, a firm specializing in decentralized graphics processing unit (GPU) cloud infrastructure, announced today it has recorded $36 million in revenue over the past 12 months.
This firm said it is seeing growing demand for compute resources in AI and gaming sectors, fueling a 10% month-over-month revenue growth for Aethir’s Platform-as-a-Service (PaaS) offering.
Mainnet Launch of Aethir Network Protocol is Imminent
Following this milestone, Aethir said it is gearing up for the final phase of protocolizing its compute aggregation software. The firm will begin preparing for the mainnet launch of the Aethir Network Protocol.
This transition marks a significant step in Aethir’s mission to revolutionize the landscape of GPU computing infrastructure.
“Efficient resource distribution will be critical for driving innovation and scaling AI and cloud-based gaming and entertainment applications,” said Mark Rydon, co-founder and head of strategy at Aethir.
“This new milestone indicates the market’s need for more accessible computing resources and the ability for a decentralized, collective resource pool to deliver a more robust, flexible, and accessible infrastructure for GPU-intensive tasks,” adds Rydon.
Understanding Aethir’s GPU Infrastructure
Traditional centralized GPU infrastructure has long grappled with several critical challenges, such as high operational costs, limited scalability, and susceptibility to vulnerabilities.
Aethir claims its approach with a “distributed” GPU infrastructure addresses these issues head-on. By decentralizing computing power. Aethir said it reduces costs and improves scalability mitigating the risks associated with centralized systems.
This distributed model uses a network of diverse devices, from servers to individual computers, all contributing their GPU processing power to a collective resource pool.
The decentralized network forms a flexible, and accessible infrastructure, especially suited for GPU-intensive tasks.
Aethir Launches Distributed Cloud Network on Ethereum
In June, Aethir has launched its cloud network on the Ethereum mainnet. Aethir’s cloud computing infrastructure platform allows data centres, and other cloud providers as well as crypto mining firms to contribute idle GPU resources to its network.
The firm has a customer base including AI companies and gaming studios, and operates in Southeast Asia, Latin America, and North America.
Looking ahead, the upcoming mainnet launch of the Aethir Network Protocol is expected to solidify the company’s position as a leader in decentralized GPU infrastructure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum L2 Linea Unveils Token Plans with New Non-Profit: What We Know
Why Ethereum’s Beam Chain Needs to Take Five Years
Top 4 Altcoins That Dominate the Crypto Market with Explosive Gains
US Senate Republicans pick pro-crypto John Thune as their next leader
Share link:In this post: Senate Republicans chose pro-crypto John Thune as their new leader, replacing Mitch McConnell after 18 years. Thune’s pro-free trade stance puts him at odds with Trump, especially on tariffs, which he warned could lead to inflation. Known for his support of crypto legislation, Thune co-sponsored the Digital Commodities Consumer Protection Act to bring clear regulation to the industry.