{"id":15250,"date":"2024-07-16T16:38:50","date_gmt":"2024-07-16T13:38:50","guid":{"rendered":"https:\/\/forklog.com\/en\/aethirs-annual-revenue-reaches-36-million\/"},"modified":"2024-07-16T16:38:50","modified_gmt":"2024-07-16T13:38:50","slug":"aethirs-annual-revenue-reaches-36-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/aethirs-annual-revenue-reaches-36-million\/","title":{"rendered":"Aethir&#8217;s Annual Revenue Reaches $36 Million"},"content":{"rendered":"<p>The company Aethir, which is developing a decentralized <a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%93%D1%80%D0%B0%D1%84%D0%B8%D1%87%D0%B5%D1%81%D0%BA%D0%B8%D0%B9_%D0%BF%D1%80%D0%BE%D1%86%D0%B5%D1%81%D1%81%D0%BE%D1%80\" title=\"\">GPU<\/a> network, has announced that its revenue for the first year of operation amounted to $36 million. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Unveiling Aethir\u2019s Core Business and Annual Revenue <\/p>\n<p>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\u2026 <a href=\"https:\/\/t.co\/xhD0Dx7CEY\">pic.twitter.com\/xhD0Dx7CEY<\/a><\/p>\n<p>\u2014 Aethir (@AethirCloud) <a href=\"https:\/\/twitter.com\/AethirCloud\/status\/1813167288226337023?ref_src=twsrc%5Etfw\">July 16, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In the last month, the figure increased by 10% due to the AI boom.<\/p>\n<p>According to <a href=\"https:\/\/www.theblock.co\/post\/305468\/decentralized-gpu-network-platform-aethir-brings-in-36-million-in-first-year-revenue\">The Block<\/a>, Aethir&#8217;s valuation stands at $150 million.<\/p>\n<p>The project aims to reduce costs typical of individual data centers by combining GPU computing power with a vast network of computers.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThere are significant emerging needs in many industries that traditional cloud providers simply cannot meet. As AI and cloud computing continue to transform, we anticipate an increase in the resource pool to democratize access to advanced developments,\u201d<\/em> commented Aethir co-founder Mark Raidon.<\/p>\n<\/blockquote>\n<p>The team is preparing to launch the Aethir Network Protocol mainnet in the fourth quarter.<\/p>\n<p>The company is creating infrastructure that allows stakeholders to purchase computing power using its ATH token. Its launch is expected by July 25.<\/p>\n<p>Previously, Ethereum co-founder Vitalik Buterin lamented the low investment in Web3 infrastructure.<\/p>\n<p>Earlier, researcher Emperor Osmo predicted that the <span data-descr=\"Decentralized Physical Infrastructure Networks - \u0434\u0435\u0446\u0435\u043d\u0442\u0440\u0430\u043b\u0438\u0437\u043e\u0432\u0430\u043d\u043d\u0430\u044f \u0444\u0438\u0437\u0438\u0447\u0435\u0441\u043a\u0430\u044f \u0438\u043d\u0444\u0440\u0430\u0441\u0442\u0440\u0443\u043a\u0442\u0443\u0440\u0430\" class=\"old_tooltip\">DePIN<\/span> sector will experience rapid growth as major companies like Amazon Web Services, Google Cloud, and Cloudflare require efficient scaling.<\/p>\n<p>Prior to this, The Block noted<a href=\"https:\/\/forklog.com\/en\/news\/venture-capital-investment-in-crypto-startups-surpasses-90-billion\"> a growing interest in DePIN<\/a> as signs of a new growth cycle for digital assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company Aethir, which is developing a decentralized GPU network, has announced that its revenue for the first year of operation amounted to $36 million. Unveiling Aethir\u2019s 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, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1628,1110],"class_list":["post-15250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-depin","tag-web-3-0"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=15250"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15250\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/15249"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=15250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=15250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=15250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}