Aethir
ATH#173Aethir is a distributed GPU cloud for AI and gaming; ATH is the token used to pay compute providers, stake and govern.
- Market cap
- $137.9M
- Volume 24h
- $33.64M
- All-time high
- —
- Circulating supply
- 20.13B of 42B
Passes our 8 Shariah criteria. Needs caution: excessive uncertainty (gharar).
- 7 pass
- 1 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
Halal analysis
Can a Muslim hold Aethir?8 Shariah criteria
7 pass · 1 caution · 0 failThe core business has no interest, but an optional vault lets Cloud Hosts borrow deposited ATH for a utilisation-based reward.
Riba is interest or any guaranteed increase on a loan. Holding ATH pays nothing, and staking rewards are variable. Sharlife rates Aethir permissible. One concrete feature lowers the score: in the Pre-deposit Vault, Cloud Hosts borrow ATH from depositors, whose reward share follows a utilisation curve like a lending market. CryptoUmmah calls this the main riba-adjacent feature. It is optional, the return is not fixed, and the documentation says rewards start only after activation, so the criterion stays at pass, below the maximum.
ATH is a utility token that pays for real GPU computing services.
This criterion asks whether the asset has real value as property (mal). ATH is the means of payment for computing power on a working network and is staked by providers as a condition of service. Sharlife, the first authoritative source that rates Aethir, lists it as permissible. The criterion is at the maximum.
ATH has no gambling mechanics; rewards are tied to computing work and staking.
Maysir is gambling: gaining or losing by chance rather than through productive exchange. Providers earn for delivering computing capacity and clients pay for a service received. Cloud gaming is a delivery technology, not betting. No game of chance was found, so the criterion is at the maximum.
Aethir earns from renting GPU computing power to enterprises.
This criterion asks how the ecosystem earns and whether that income is impermissible. Aethir bills clients for GPU compute, a hire of a useful service. CryptoUmmah describes this as a legitimate fee-for-service model, citing annual recurring revenue above $147M, and finds that the treasury holds ATH rather than interest-bearing instruments. No impermissible revenue was found, so the criterion is at the maximum.
Holdings are highly concentrated, a large part of the supply is still to be released, and the Foundation redirected an airdrop without a vote.
Gharar is excessive uncertainty or hidden information. Vesting and the emissions schedule are published. Concrete concerns: CoinMarketCap shows the top 10 Ethereum addresses holding 85.23% of ATH; by CoinMarketCap’s figure less than half of the 42 billion supply circulates, and Aethir’s own schedule leaves over 40% to be released after October 2026; and CryptoUmmah reports that the Foundation moved a 1.26B ATH airdrop into its treasury without a community vote. Vault reward parameters are also set by the Foundation. These put the criterion at caution, at the top of the band.
ATH is used to pay for AI and gaming compute and to stake as a provider.
This criterion looks at what the asset is actually used for. ATH pays for general-purpose GPU computing for AI training, inference and cloud gaming. No use centred on an impermissible activity was found, so the criterion is at the maximum.
Fully paid spot ATH is available on exchanges and can be held in self-custody.
This criterion asks whether the asset can be owned in a permissible way. ATH trades spot with full payment and delivery on major exchanges and can be held in a self-custody wallet on Ethereum, Arbitrum or Solana. The criterion is at the maximum.
Aethir widens access to scarce GPU capacity for AI and gaming.
Maslahah weighs benefit against harm. The network supplies computing power that AI developers need and lets hardware owners earn from it. No fraud, hack or documented loss to holders was found in the sources collected, so the criterion is at the maximum; governance concerns are weighed under gharar.
How you can use it
Tap a card for the ruling and sourcesBuying ATH with full payment and immediate delivery is available on exchanges, and the tokens can be moved to a self-custody wallet.
No exchange-traded fund or product holding ATH was found in the sources collected. A product that held ATH would be judged like spot; its structure would need checking.
ATH is the means of payment for computing power inside Aethir. Using it for this permissible service is acceptable; tier-1 bodies such as Indonesia’s MUI reject crypto as general currency.
ATH secures no blockchain. Staking pools pay variable rewards that grow with the lock period, and the Pre-deposit Vault lends deposited ATH to Cloud Hosts for a utilisation-based reward. Staking as a Cloud Host to provide service is acceptable; the vault is lending-like and should be avoided or checked with a scholar.
Margin trading is never acceptable: it is a deferred exchange with borrowed money and leverage (AAOIFI SS 20).
Futures, perpetuals and options always fail under AAOIFI SS 20: deferred exchange without delivery, usually with leverage.
Lending ATH through exchange or DeFi lending programmes pays depositors interest from borrowers. This is riba.
The Pre-deposit Vault pays depositors from Cloud Hosts who borrow their ATH, and third-party ATH yield products rely on lending; both fail.
Scholars quotes
The opinion on this is the same as doing the same with any halal assets such as shares – 1) is permissible, 2) is more debatable and there are differing opinions on short-term trading.As I mentioned at the beginning of this article it is not necessary to substantiate the permissibility of something as long as there are no prohibited factors involved in it or surrounding it.Penggunaan cryptocurrency sebagai mata uang hukumnya haram, karena mengandung gharar (ketidakjelasan), dharar (bahaya) dan bertentangan dengan Undang-Undang nomor 7 tahun 2011 tentang Mata Uang dan Peraturan Bank Indonesia nomor 17 tahun 2015 tentang Kewajiban Penggunaan Rupiah di Wilayah Negara Kesatuan Republik Indonesia.Sebagaimana mata wang yang lain, mata wang digital hendaklah tidak digunakan sebagai bayaran kepada barangan, perkhidmatan dan aktiviti tidak patuh Syariah seperti pembelian dadah, pelacuran, perjudian dan pendanaan aktiviti keganasan serta penggubahan wang haram.The SAC has also resolved that investment and trading of Digital Assets that fulfil the above requirements and which are traded on Digital Asset Exchange (DAX) registered with SC are permissible.Third: In light of the above and given the significant risks associated with this type of currencies and the instability of their transactions, the Council of the Academy recommends pursuing research and studies on issues affecting its ruling.Bitcoin is a digital currency that does not meet the legal and Sharia criteria that make it a currency subject to the rulings of dealing with official legal currencies recognized internationally.بناءً على ذلك: فلا يجوز شرعًا تداول عملة "البتكوين" والتعامل من خلالها بالبيعِ والشراءِ والإجارةِ وغيرها، بل يُمنع من الاشتراكِ فيها؛ لعدمِ اعتبارِها كوسيطٍ مقبولٍ للتبادلِ من الجهاتِ المخُتصَّةِ، ولِمَا تشتمل عليه من الضررِ الناشئ عن الغررِ والجهالةِ والغشِّ في مَصْرِفها ومِعْيارها وقِيمتها، فضلًا عما تؤدي إليه ممارستُها من مخاطرَ عاليةٍ على الأفراد والدول.According to research and opinion of experts so far, cryptocurrency is not considered ‘ maal ’ (wealth) in Sharia.Muhammadiyah memandang transaksi dan investasi kripto pada dasarnya mubah (boleh) tetapi dengan syarat tertentu.Our current position is 'tawaquf'; we can't say it is halal or haram, but we say it is better not to engage in itAI-assisted analysis checked against sources. Not a fatwa or investment advice.
Where it trades
Section in preparation
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