Bitcoin mining companies are redirecting power and facilities to AI infrastructure as mining profitability deteriorates. Some large miners have begun converting sites, signing long-term computing contracts and cutting new mining equipment spending. Bitcoin trades around $64,000, about 50% below its October 2025 peak, while fees lag and the April 2024 halving cut block rewards. AI data centres offer higher power rates and long-term deals, but critics warn the shift may be poorly timed and difficult to reverse due to high capital costs.

A U.S. Senate vote to bring the crypto market-structure \'Clarity\' bill to the floor is increasingly likely to be delayed until next week, complicating last-stage legislation. The industry wants leaders to at least begin the cloture process before the August recess. In South Korea, financial firms are accelerating digital-asset initiatives, including exchange shareholder changes, new teams for regulatory shifts, investments in blockchain networks and participation in a central bank digital currency pilot.