Aethir, a decentralized cloud infrastructure platform, managed $36 million in annual recurring revenue (ARR) this past year.

Unlike total revenue, annual recurring revenue shows only subscription-based revenue. ARR is crucial for Software as a service (SaaS) companies. The DePIN startup, which is closing in on its product mainnet deployment, says it will convert the revenue into its native utility token ATH.

Aethir growth amid spike in GPU-as-a-service market

In a blog post on Tuesday, the Aethir team pointed to the platform’s rapid growth amid demand for its decentralized cloud infrastructure across artificial intelligence (AI) and gaming. Revenue from its products hit $36 million, the platform said.

The startup says its targeting further traction as demand ramps up, with key …