Analysis: Bitcoin's recent rebound is a short-term opportunity driven by sentiment recovery, not a signal of a new bull market

Data shows that short selling in the US stock market has reached a five-year high. However, investors are not recklessly challenging AI giants; instead, they are targeting so-called "pseudo-beneficiaries"—companies that have surged on the AI concept but lack core competitiveness.

Against the backdrop of surging global demand for AI infrastructure, traditional centralized cloud computing systems are gradually revealing their capacity bottlenecks and efficiency ceilings. With the rapid adoption of large model training, AI inference, and intelligent agent applications, GPUs are evolving from mere “computing resources” to “strategic infrastructure assets.” Amid this structural transformation of the market, Aethir, through its decentralized physical infrastructure network (DePIN) model, has built the industry’s largest and most commercially advanced enterprise-grade GPU computing network, quickly establishing a leading position in the sector. Commercialization breakthroughs in large-scale computing power infrastructure: To date, Aethir has deployed over 435,000 enterprise-grade GPU containers worldwide, supporting the latest NVIDIA hardware architectures such as H100, H200, B200, and B300, delivering a cumulative total of over 1.4 billion hours of real computing services to enterprise clients. In just the third quarter of 2025, Aethir achieved $39.8 million in revenue, pushing the platform’s annual recurring revenue (ARR) past $147 million. Aethir’s growth is driven by genuine enterprise demand—including AI inference services, model training, large AI agent platforms, and production workloads from global game publishers. This revenue structure marks the first time the DePIN sector has seen...