New York | 21st October 2025: io.net, the decentralized compute platform for AI, today surpassed $20 million in total network earnings, providing cost-efficient and readily accessible compute at scale to startups, scale-ups and enterprises across the globe.
Developing and deploying AI capabilities is compute-intensive. When procuring from hyperscalers, compute users suffer long waiting times, long-term lock-ins and are subject to proprietary standards for running their workload. Exact pricing for, and availability of, the hardware necessary for AI workloads is obscure.
io.net, a decentralized physical infrastructure network (DePIN) with thousands of GPUs instantly available, enables startups, scale-ups, enterprises and researchers to access high-performance compute at 70% lower cost than traditional cloud providers while avoiding vendor lock-in tactics.
io.net provides a level of transparency and trust not possible with centralised providers because the network is blockchain based, allowing full visibility of all compute transactions, and the AI tooling is open source.
Teams developing innovative AI models and applications have purchased over $20 million in compute utilising the io.net network since its launch in July 2024.
Developers are able to choose from an array of GPUs to optimise cost and performance for every workload, including the H200 enterprise-grade unit and the 4090 consumer-grade unit, hosted in over 130 countries across the globe.
Gaurav Sharma, CEO of io.net, said:
“This milestone demonstrates that decentralized compute is a true enabler of innovation, bringing accessible and cost-efficient GPUs to the scale-ups and researchers pushing forward the frontiers of AI. I am incredibly grateful for the io.net team and our partners’ sustained commitment to transforming how hardware is accessed. We are determined to bring our improved model for developing and deploying AI to innovators the world over.”
Tory Green, Co-Founder of io.net and CEO of the IOG Foundation, an organization dedicated to the growth of the io.net ecosystem, said:
“The io.net community has gone from strength to strength in the past year, pioneering novel AI models, agents and applications with cost-efficient and accessible compute. We’re doubling down on our vibrant ecosystem with extensive funding for exciting projects and ambitious entrepreneurs, ensuring that io.net is home to the world’s top AI builders.”
Leaders in AI innovation rely on io.net’s distributed network of GPUs, including Canva’s Leonardo AI, UC Berkeley, Sahara AI and many more. Today’s milestone comes hot on the heels of the launch of the IOG Foundation’s grant program, allocating 20 million IO tokens for its flagship grant program to enable startups, scale-ups and researchers to create groundbreaking applications using high-performance, decentralized compute.
Previous Articles:
- Asia’s Top Stock Exchanges Crack Down on Crypto Treasury Firms
- Bitcoin Surges Past $114K Amid Risk-On Market Rally
- AWS Outage Disrupts Major Crypto Platforms, Sparks Decentralization Debate
- Bank of America Raises AMD Stock Outlook, References 11/11 Event
- Solana Meme Coin Dev Refunds $10M After Accidental Burn
