Crypto miners have reduced dedicated computing power by about 20% over the past three quarters as they reallocate capacity to artificial intelligence workloads, while Venice’s native token rose roughly 10% after the company reported surpassing $100 million in annualized revenue.
Miners Shift Capacity to AI
Mining operators have scaled back computing resources to make room for AI-related services, cutting overall mining power by approximately one-fifth over the last nine months. The move highlights a growing pivot toward higher-demand AI compute, particularly among firms able to repurpose data center infrastructure to serve machine learning and high-performance computing clients.
The reallocation underscores how rising AI workloads are competing for the same power, facilities, and—where applicable—GPU resources that previously supported crypto mining. While the shift can diversify miner revenue, it may also affect available hash power for certain networks if reductions persist.
Venice Token Jumps on $100M Annualized Revenue
Venice said it has crossed $100 million in annualized revenue, prompting a roughly 10% gain in its token. Annualized revenue (often referred to as ARR) extrapolates current recurring revenue over a 12-month period and is commonly used as a growth benchmark.
The token’s advance suggests investors are responding to reported revenue momentum, though digital asset prices can be volatile and sensitive to company disclosures and broader market conditions.
By the numbers
- Mining compute reduced: approximately 20% over the past three quarters
- Venice annualized revenue: above $100 million
- Venice token move: about +10%
Why It Matters
The miners’ shift toward AI reflects a broader trend of infrastructure providers chasing demand for compute-intensive services, potentially reshaping crypto mining economics. At the same time, Venice’s revenue milestone and token reaction highlight how on-chain assets can track company fundamentals, at least in the short term.