REG - KR1 PLC - Update: Venice Infrastructure Operations

Résumé détaillé

RNS Number : 7982C KR1 PLC 12 November 2026 KR1 plcThursday, 12 November 2026KR1 plc (“KR1” or the “Company”)Update: Venice Infrastructure OperationsKR1 plc LSE:KR1, a London Stock Exchange-listed onchain infrastructure company, is pleased to provide an update on its Venice (“VVV”) operat…

KR1 plc KR1, a London Stock Exchange-listed onchain infrastructure company, is pleased to provide an update on its Venice (“VVV”) operations.

Following its October Infrastructure Income & Holdings update, in which it reported holding 276,223 VVV valued at £5.77 million as at 30 September 2026, the Company has fully staked its current holding of 275,000 VVV, earning rewards in VVV at an indicative annualised staking rate of approximately 5.74% as at 11 November 2026. Based on available disclosures, the Company believes it is the largest publicly listed holder of VVV, with approximately 0.56% of the circulating supply, a position that reflects its conviction in the convergence of AI and crypto.

Venice is a core holding within KR1’s Technology Infrastructure Strategy. In its Introducing Decentralised AI announcement on 14 May 2026, the Company disclosed an initial holding of 60,000 VVV and the commencement of staking operations. KR1 has since increased its position. Founded by renowned crypto entrepreneur Erik Voorhees, Venice provides access to frontier and open-source AI models for generating text, code, images, video and audio. The platform is designed around privacy, model choice and user control.

Venice’s adoption continues to accelerate. Its October community update reported 5 million users, with the increase from 4 million taking 68 days. Daily inference volume exceeded one trillion tokens during October, compared with approximately 250 billion at the end of September.

On 14 October, Venice’s Erik Voorhees reported annual revenue exceeding US$150 million. In July, Venice also announced a US$65 million Series A led by Dragonfly, at a stated US$1 billion valuation, to expand its consumer platform and API business.

KR1 puts its Venice assets to productive use in two ways. First, the Company stakes VVV to generate infrastructure income in the form of newly issued VVV tokens. Reward rates vary, and standard VVV unstaking is subject to a seven-day cooldown.

Venice’s…

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