New AI-compute cryptocurrency Pearl sparks a GPU mining rush but profitability is already sliding — RTX 5090 daily revenue has halved to $17.19 since April

Tech Industry Cryptocurrency Cryptomining New AI-compute cryptocurrency Pearl sparks a GPU mining rush but profitability is already sliding — RTX 5090 daily revenue has halved to $17.19 since April News By Luke James published 31 May 2026 Mining returns are already falling as difficulty climbs. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works . (Image credit: @I_Leak_VN via X.com) Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Email Share this article 0 Join the conversation Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter A new cryptocurrency called Pearl (ticker PRL), which secures its blockchain by running the matrix multiplication behind AI workloads instead of conventional hashing, has set off a short-lived GPU mining rush, with profitability tracker hashrate.no recently listing an RTX 5090 at roughly $33.80 a day in mining revenue. The coin launched its mainnet in late April 2026 and recently drew attention when AI cloud provider Together AI announced an exclusive partnership, but PRL's price and per-card returns are already dropping precipitously as more miners pile onto the network. Pearl, built by Pearl Research Labs, uses a consensus mechanism it calls Proof-of-Useful-Work, in which the computation that secures the network is large-scale matrix multiplication, also used in AI training and inference. AI mining is real now lmao https://t.co/FF7ZGiZnTP May 31, 2026 Together AI, which announced the tie-up in a May 15th blog post, launched a discounted inference endpoint for an instruction-tuned model called Gemma-4-31B-it-pearl, priced more than 25% below its usual rate and offset by the future value of PRL emissions. "Pearl changes the unit economics of AI," said Omri Weinstein, co-founder and CEO of Pearl Research Labs, in the announcement . Mining is limited to Nvidia hardware. Latest Videos From You may like Iran conflict spurs Bitcoin mining o