Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Aethir’s GPU Network Records $36M in First-Year Revenue

Aethir’s GPU Network Records $36M in First-Year Revenue

Cryptonews2024/07/16 14:22
By:Tanzeel Akhtar
Aethir’s GPU Network Records $36M in First-Year Revenue image 0

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.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!