Aethir, a company developing a decentralized GPU network, reported that its revenue for the first year of operation amounted to $36 million.
Unveiling Aethir’s Core Business and Annual Revenue
Since our inception, Aethir has stood out with its unique proposition: creating enterprise-grade innovations through our Decentralized GPU Infrastructure. Through this product vision, we have garnered over USD $36 million in… pic.twitter.com/xhD0Dx7CEY
Over the past month, the indicator has increased by 10% due to the hype around AI.
According to The Block, Aethir's valuation is $150 million.
The project aims to reduce the costs typical for individual data centers by combining GPU computing power with an extensive network of computers.
"There are serious evolving needs in many industries that traditional cloud providers simply cannot meet. As AI and cloud computing continue to transform, we look forward to increasing the pool of resources to democratize access to cutting—edge developments," commented Aethir co-founder Mark Raydon.
The team is preparing to launch the Aethir Network Protocol mainnet in the fourth quarter.
The company is building an infrastructure that allows interested parties to purchase computing power using its ATH token. Its launch is expected by July 25.
Earlier, Ethereum co-founder Vitalik Buterin complained about low investments in Web3 infrastructure.
Recall that a researcher under the nickname Emperor Osmo predicted that the DePIN sector will experience rapid growth, since large companies like Amazon Web Services, Google Cloud and Cloudflare will need effective scaling.
Prior to that, The Block noted the growing interest in DePIN as signs of a new growth cycle of digital assets.
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