Aethir Due Diligence

Run due diligence on Aethir: check compliance and get alerts when suppliers change.

Singapore · aethir.com · 9 vendors

Aethir provides decentralized cloud infrastructure, offering secure and cost-effective access to enterprise-grade GPUs globally. It caters to the AI, gaming, and virtualized compute sectors, enabling on-demand GPU solutions for tasks like AI model training, inference, and cloud gaming.

Resilience scores

Technology vendors

Services catalogue

2 services in catalogue across 2 categories; runs on 9 sub-vendors.

Insights

Last updated 2026-08-14 · revision 2

9 direct vendors, 120 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

9 in-scope frameworks identified; showing 3.

EU AI Act (source) — No public evidence

Evidence: https://aethir.com/ai, https://docs.aethir.com/

CPRA — No public evidence

Evidence: https://docs.aethir.com/terms-of-service/privacy-policy, https://aethir.com

Singapore PDPA — No public evidence

Evidence: https://aethir.com, https://docs.aethir.com/terms-of-service/privacy-policy, https://www.linkedin.com/company/aethir-limited

Financials

Three-year financials

Financial Resilience Score: 6/10

Aethir is a venture- and token-funded private Singapore technology company operating in the fast-growing decentralized GPU-compute (DePIN) market. It has raised approximately $140 million in combined equity and node-license funding, including a ~$9M pre-seed round from tier-1 investors (Framework Ventures, Hashkey, Merit Circle) and >$130M through Checker Node license sales in 2024. Management claims annualized revenue crossed $100M in 2024, though this is unaudited. The company operates an asset-light model where GPU providers contribute hardware in exchange for $ATH token rewards, limiting capex and depreciation. However, financial resilience is constrained by significant risks: heavy dependence on the $ATH token price for provider incentives and revenue economics, opaque disclosure with no audited financials publicly available, evolving regulatory risk across Singapore, US, and EU jurisdictions, and intense competition from both centralized hyperscalers (AWS, Azure, CoreWeave, Lambda) and decentralized peers (io.net, Render, Akash, Nosana). Customer concentration risk exists as many DePIN compute customers are themselves crypto/AI start-ups with cyclical demand. Overall, the company appears well-funded for near-term operations but carries structural risks typical of early-stage token-funded ventures.

Key strengths: Approximately $140M in combined equity and node-license funding raised, Tier-1 investor base including Framework Ventures, Hashkey Capital, Merit Circle, Animoca Brands, Asset-light model with GPU providers contributing hardware for $ATH rewards, Company-reported annualized revenue exceeding $100M in 2024, Diversified go-to-market across AI compute (Earth) and cloud gaming (Atmosphere), Multi-year runway from 2024 node sale treasury, >$400M worth of compute capacity claimed on platform

Risk factors: Token-dependent economics vulnerable to $ATH price volatility, Opaque disclosure with no audited financial statements publicly available, Evolving regulatory risk in Singapore (MAS), US, and EU for crypto/DePIN, Intense competition from centralized hyperscalers (AWS, Azure, GCP, CoreWeave, Lambda), Competition from decentralized peers (io.net, Render, Akash, Nosana), GPU cycle risk affecting economics of onboarding new supply, Customer concentration risk with many customers being crypto/AI start-ups, Unaudited management-reported metrics cannot be independently verified

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