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The Crypto Startup Aiming To Solve The GPU Shortage

March 7, 2024
x min read

There’s a crypto startup building something ambitious: a new global network for artificial intelligence computing power.

What’s happening:

  • Decentralized physical infrastructure startup has raised $30M USD in a new Series A round led by Hack VC, Multicoin Capital, Modular Capital and others

The big idea:

  • is building a globally available decentralized network of GPUs to power artificial intelligence computing
  • allows owners of GPUs to host their hardware on their network and easily receive payments for computing hours on demand
  • GPUs from data centres, mining farms and individuals are all able to quickly integrate with the network has built and begin generating revenues immediately
  • Solana is the payment method used by, which enables rapid transactions and also allows users to quickly purchase computing hours on available GPUS globally without any friction

By the numbers:

  • Since inception, has already facilitated more than 57,000 hours of computing time for training artificial intelligence models and workloads
  • Despite having the vast majority of their available GPUs based in the United States, has a quickly growing global network with more than 3,000 GPUs available in the United Kingdom and more than 2,000 GPUs available in Spain

Going deeper:

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