Decentralized Cloud Infrastructure Platform Achieves $36 Million in Annual Recurring Revenue
Aethir, a decentralized cloud infrastructure platform, reported managing $36 million in annual recurring revenue (ARR) in the previous year. This revenue is solely from subscription-based sources, highlighting the importance of ARR for SaaS companies like DePIN, a startup focused on deploying its product mainnet and converting revenue into its native utility token, ATH.
Aethir’s Growth Amid Spike in GPU-as-a-Service Market
Aethir’s rapid growth in the decentralized cloud infrastructure market has been attributed to the increasing demand across AI and gaming sectors. With revenue reaching $36 million from its products, the platform is poised for further growth as it targets key sectors within a total addressable market (TAM) exceeding $30 billion. Aethir’s service models, including Infrastructure as a Service (IaaS) and Platform as a Service (PaaS), cater to clients seeking virtualized GPU instances and GPU-accelerated applications.
Aethir Milestones and Partnerships
On June 12, Aethir’s network launched on the Ethereum network, following a successful testnet phase involving over 500,000 users. The startup’s node sale received support from industry giants like Nvidia, HPE, and Foxconn. Additionally, partnerships with Xsolla, Magic Eden, and TensorOpera have bolstered Aethir’s presence in the market. The native token, ATH, offers staking opportunities on Ethereum and serves as a payment method on the Layer-2 network Arbitrum, with a total supply of 42 billion tokens.
