Summary
Aethir is a Singapore-based decentralized GPU cloud computing protocol operating as a Decentralized Physical Infrastructure Network (DePIN), founded in 2021 by Mark Rydon and Daniel Wang. The project raised approximately $109M across funding rounds and a $100M+ checker node sale, launched its ATH token in June 2024, and claims $147M+ ARR from enterprise AI and gaming clients. Risk factors include a 95% token price decline from its all-time high, a redirected Season 3 community airdrop, a cross-chain bridge exploit in April 2026 resulting in up to $400K in losses, heavy insider token allocation, and a ZachXBT flag whose specific basis has not been publicly detailed.
Connected Entities
1 entities- + 1 more
Timeline(11 events)
2021-01-01
Aethir founded in Singapore by Mark Rydon and Daniel Wang
2022-01-01
Seed round completed, led by Framework Ventures and Infinity Ventures Crypto
2023-07-01
Pre-A funding round closed at $150M valuation, led by Sanctor Capital and HashKey with participation from Maelstrom (Arthur Hayes), Animoca Brands, and others
2024-02-26
Aethir announces its first decentralized AI node (Checker Node) sale via CoinDesk press release
2024-03-18
Checker Node whitelist sale begins; public sale opens March 20, raising over $100M in ETH within hours across 11,000+ wallet addresses
2024-06-12
ATH token launches on 16+ exchanges; reaches all-time high of approximately $0.1185 on launch day
2024-06-12
Aethir mainnet launches with ATH claim and staking functionality
2025-04-07
ATH token hits all-time low of approximately $0.004878, down over 95% from its launch-day peak
2025-10-23
Aethir Foundation announces cancellation of Cloud Drop Season 3, redirecting 1.26 billion ATH tokens to the Digital Asset Treasury instead of community distribution
2025-12-31
Aethir reports $127.8M in full-year 2025 revenue and $167M ARR; claims to be top-revenue compute DePIN
2026-04-10
Cross-chain bridge exploit detected on AethirOFTAdapter contract; PeckShield estimates $400K lost, Aethir claims user losses under $90K; exchanges blacklist attacker wallets
Decision Log
- hash: EdaewBJAfFZL2bhpkJVzLboXgXLxDUEBr48UvcPp6Mmf
- hash: DDi7vBFAMq1Be5mK92BfrftRhu7e4fUTirPnW8iUfdCC
- hash: BxJ4xyUb6QYM4AKzxiRPmawYbQfCJzCp5ivvfF5BgcB4
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:17 AM
last updated: 6/3/2026, 3:07:16 AM
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