Since October, the entire industry has experienced a painful decline, and many projects may have given up. However, Aethir is an exception.

On December 5, Aethir released its 2025 annual summary and 2026 strategic roadmap.

Among them, a significant milestone is the Strategic Compute Reserve. In 2026, based on the technological achievements of 2025, a far-reaching strategic roadmap will be launched.

┈┈➤Aethir Strategic Compute Reserve - A Different DAT

In 2025, various tokens imitating the MicroStrategy model, known as DAT (Digital Asset Treasury), became popular.

╰┈✦MicroStrategy's DAT Flywheel

The MicroStrategy model is:

→ Invest in BTC and add BTC to its balance sheet.

→ The appreciation of BTC is counted as company profit,

→ Profit growth drives the $MSTR stock price,

→ Based on the expectation of $MSTR stock price growth, convertible bonds are issued,

→ Use the funds from convertible bonds to buy BTC again, forming the DAT flywheel.

╰┈✦Aethir's SCR Flywheel

Aethir did not simply copy the DAT model but instead collaborated with the publicly listed company Predictive Oncology (NASDAQ: AGPU) to initiate the SCR (Strategic Compute Reserve).

After purchasing $ATH, SCR is used for three purposes:

First, stake $ATH, which is then matched to new computing power (cloud hosts participating in the Aethir ecosystem need to stake $ATH). Similar to Lido's model, SCR provides $ATH staking, while cloud hosts provide GPU and other computing power, thereby increasing the supply of computing power in the Aethir ecosystem.

Second, stake $ATH to earn $ATH rewards, which is the equity accumulation of SCR.

Third, pay with $ATH to purchase computing power from the Aethir network, and rent out the computing power, using the rental income to repurchase $ATH, forming the SCR flywheel.

╰┈✦Difference Between Debt and Equity Models

MicroStrategy's DAT uses a debt model flywheel, where the growth of BTC price drives the growth of $MSTR stock. Based on this, convertible bonds that can be converted into MSTR equity are issued, using the funds from debt financing to buy BTC and promote the growth of BTC price.

The debt model faces leverage risks; if BTC continues to decline for a long time, the $MSTR stock price will also decline. When MicroStrategy's convertible bonds mature, if the $MSTR stock price has fallen, bondholders may choose to forgo the equity conversion option to repay the bonds, putting MicroStrategy under financial pressure. If it is forced to sell BTC to repay the bonds, it will further depress BTC prices, creating a death spiral.

Of course, BTC has strong consensus and may not experience a long-term decline. Short-term drops do not significantly impact MicroStrategy. However, this DAT model of MicroStrategy is almost exclusively applicable to BTC and is not suitable for other altcoins.

Therefore, Aethir innovated the SCR, which essentially uses an equity model flywheel.

Aethir SCR does not involve any debt financing leverage. Instead, it uses $ATH to expand the supply and demand of computing power generated by Aethir, thereby genuinely increasing the revenue of the Aethir network and using the revenue to repurchase $ATH.

Thus, Aethir SCR essentially drives a business that grows computing power products and services. However, this business is a decentralized dePin network rather than a centralized enterprise.

Aethir promises not to sell tokens: "The Aethir DAT does not sell tokens, it accumulates and deploys."

┈┈➤Aethir 2025 Summary

In terms of technology, the design of the Aethir v2 modular computing architecture has been completed, preparing for the next major technological upgrade. In terms of ecosystem, by 2025, the Aethir ecosystem has over 150 clients and partners, covering enterprise-level application scenarios such as AI model training, AI agents, robotics, and simulation. In terms of performance, the revenue for Q3 2025 reached $39.8 million, setting a historical record with a year-on-year growth of 22%, and the annual recurring revenue (ARR) exceeded $147 million.

In terms of community suggestions, the Aethir Tribe community-driven microKOL project has over 800 active members, creating more than 5,000 high-quality content pieces, making it one of the most vibrant communities in the Web3 space. In 2026, the plan is to expand active members to over 2,000 and to extend content dissemination channels from X (formerly Twitter) to multiple platforms.

As Q4 2025 is about to end, Aethir is working hard to advance the supply and demand of computing power products, AI applications, and new products. First, through the "Strategic Compute Reserve," on the supply side, it is further promoting the large-scale deployment of top GPUs (H200, B200, B300 coming soon); on the demand side, multiple enterprise-level cloud computing contracts are in progress. Second, it is committed to releasing several AI and robotics enterprise application cases based on Aethir's computing cloud. Third, it is launching innovative products combined with RWA, similar to the newly launched "Aethir RWA Capital" to assist cloud hosts in financing.

┈┈➤Aethir 2026 Strategic Roadmap

╰┈✦Business Planning

The main business planning for Q1 2026 focuses on expanding the supply side, further expanding cloud host nodes and GPU computing power on a large scale to meet the business expansion needs for Q2 to Q4 of 2026.

After Q2 2026, Aethir will focus on expanding the demand side, fully leveraging the "Strategic Compute Reserve" to jointly develop institutional-level and enterprise-level AI clients with the partnered publicly listed company Predictive Oncology.

╰┈✦Technical Upgrades

In terms of technology, Aethir has three major upgrades planned for 2026.

▌Technical Upgrade One: Mainnet Migration

In Q1 2026, the mainnet migration will be executed, giving ATH stronger cross-chain liquidity and cross-chain settlement capabilities, which will benefit the expansion of Aethir's multi-chain ecosystem.

▌Technical Upgrade Two: Aethir V2 + IDC V2

Also in Q1 2026, the Aethir mainnet will upgrade to version 2, while IDC will also upgrade to version 2. In the Aethir v2 and IDC V2 versions:

First, the Proof-of-Compute mechanism will be upgraded. The verification mechanism of Aethir's proof of work will be improved to achieve a clearer account and settlement system, thereby enhancing the fairness and effectiveness of Aethir network incentives.

Second, the horizontal scalability of IDC's scheduling capability will be improved. Tasks can be allocated more intelligently based on factors such as computing power tenants' needs, geographical location, network latency, and remaining computing power, thus enhancing overall throughput and reliability.

Third, the full lifecycle management of cloud hosts and tenants will be optimized. The entire lifecycle from online registration, staking, providing computing power and executing tasks, to settlement, unlocking, and issuing incentives will be recorded and allocated on-chain, making the economic system more transparent.

Based on the above, Aethir V2 + IDC V2 can comprehensively enhance the trust, participation efficiency, and network transparency of ecosystem participants.

▌Technical Upgrade Three: Aethir v3

Integrating AI orchestration API, AI orchestration is used to manage and coordinate multiple AI models, AI tools, AI systems, etc. On this basis, Aethir v3 can execute larger-scale AI inference tasks.

╰┈✦Product Iteration

Based on technological upgrades, Aethir plans to launch more new products in 2026.

▌Aethir Plans to Launch in Q2 2026:

◆ Aethir SDK for developers, making it easier for AI projects to access Aethir network computing power. ◆ AI Workload Marketplace v2 for AI needs, an upgraded AI computing power and task market that supports more flexible GPU scheduling and even integrates AI datasets.

▌Aethir Plans to Launch in the Second Half of 2026:

◆ Hybrid computing power for computing power users, combining with mainstream cloud services or other AI ecosystems to provide higher quality and more stable computing power services. ◆ GPU utilization computing power dashboard for cloud hosts/computing power nodes, allowing computing power operators to observe GPU performance, execution status of computing power tasks, etc., in real-time.

╰┈✦Ecosystem Plan

Aethir's 2026 ecosystem plan mainly includes three routes:

▌Staking Pool Plan

In 2025, Aethir established a partnership with EigenLayer. In Q1 2026, Aethir will execute the EigenLayer ATH Vault upgrade, and by Q2, all staking pools will be migrated to the EigenLayer ATH Vault. At that time, all ATH stakers will be able to match new network computing power and gain revenue opportunities.

▌Cloud Host Reputation System Plan

To quantify and display the reliability of cloud hosts/computing power nodes, better incentivizing their work and promoting the stability and efficiency of the Aethir computing network. This plan is scheduled for launch in Q2 2026.

▌Computing Power as a Service Pricing Model

CaaS (Computing Power as a Service) pricing model, a more refined computing power pricing mechanism, allowing computing power users to purchase Aethir computing power services based on their computing power needs, achieving higher cost efficiency.

╰┈✦Community and Governance

In terms of community, Aethir will continue to conduct academic training, innovation, and incubation related to AI computing power in 2026, continuously empowering enterprises, developers, and the community.

In terms of governance, transparency reports, financial growth reports, and other documents will be released regularly.

┈┈➤Final Thoughts

As an alternative in Web3, Aethir serves both Web3 projects and Web2 institutions. In 2025, in addition to collaborating with Web3 projects like EigenLayer, the most innovative partnership was the joint launch of the Strategic Compute Reserve with the publicly listed company ($AGPU), which is an economic flywheel based on an equity model, centered on the growth of supply and demand for AI computing power products.

Building on the achievements of 2025, Aethir has formulated an ambitious strategic roadmap for 2026.

In terms of business planning, the main focus is on leveraging the Strategic Compute Reserve in collaboration with the publicly listed company to incentivize the large-scale growth and demand expansion of the Aethir network's computing power.

The three major technological upgrades in Aethir 2026 undoubtedly provide a foundation for enhancing the Aethir network and ecosystem. The mainnet migration benefits the breadth of the Aethir ecosystem, Aethir V2 enhances the quality of network services, and Aethir V3 strengthens the scalability of AI computing power services.

Products and ecosystem plans such as the developer SDK, AI computing power and task marketplace, hybrid computing power with authoritative cloud services, computing power utilization dashboard, cloud host reputation system, and computing power pricing model will provide a more detailed enhancement of the experience for all participants (computing power nodes, computing power demanders, ATH stakers, etc.) within the Aethir ecosystem.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。