Bitcoin News said in a post on X that publicly listed Bitcoin mining companies have been removing ASIC miners since January and leasing the related power capacity to AI tenants. The account estimated that AI/HPC contract value tied to the sector has already exceeded $70 billion. It also listed 10 public mining companies that are retrofitting their sites, alongside the share of mining machines each has actually migrated. The post points to a continued shift in how listed miners are using infrastructure originally built for Bitcoin mining, with site upgrades and power allocation now being directed toward AI and high-performance computing workloads.

trade.xyz said on X that it and @HyperliquidPC have submitted a comment letter to the U.S. Commodity Futures Trading Commission calling for a regulated U.S. market path for energy perpetual contracts and 24/7 trading. The letter points to this year’s oil-market shock as a case study, arguing that energy markets remained active while benchmark venues temporarily shut, leaving many U.S. firms without a regulated place to respond until futures reopened on Sunday evening. It said that during several weekends, trade.xyz served as a main venue for price discovery. The filing cites Feb. 28, when conflict in the Middle East disrupted regional energy exports and global supply chains, and March 9, when Brent crude briefly approached $120 a barrel and jet fuel prices doubled within weeks. According to the letter, non-U.S. participants used crude oil perpetuals on Hyperliquid during the first weekend after the conflict, and about two-thirds of the price move occurred on-chain before benchmark markets reopened. The letter also says trade.xyz is the first and largest third-party perpetual market deployer on Hyperliquid, with more than $500 billion in cumulative volume across WTI, Brent crude, and Henry Hub natural gas markets since their launch in October 2025. It recommends asset-specific leverage limits, plain-language disclosures on funding and liquidation, and allowing compliant markets to use on-chain infrastructure for execution, margin, clearing, settlement, and recordkeeping.

Bitcoin’s August rebound has sharply lifted some of the mining sector’s weakest names, with Canaan, American Bitcoin and Cango posting gains of 41% to 67% as investors appeared to favor direct BTC exposure again. In its latest Miner Weekly newsletter, BlocksBridge Consulting said Bitcoin rose roughly 23% over the past week, outpacing most AI-related infrastructure stocks. By comparison, CoreWeave gained about 21%, Nebius rose 17% and IREN added 15%, while some miners with heavier exposure to artificial intelligence and high-performance computing were flat or declined. BlocksBridge attributed Bitcoin’s move to three drivers: the US Treasury Department’s Aug. 19 decision to at least double liquidity-support buybacks for longer-dated Treasury securities, a more optimistic regulatory tone after a White House meeting with crypto executives where President Donald Trump urged Congress to pass a “fair version” of the CLARITY Act, and a sharp short squeeze that liquidated more than $1.6 billion in crypto positions over 24 hours. The report also said publicly traded Bitcoin miners have spent roughly $15 on AI data centers for every $1 of AI-related revenue generated.

Bitcoin’s rebound in August has helped fuel a sharp rally in several previously lagging crypto mining stocks, according to a Cointelegraph report citing new research from BlocksBridge Consulting. The report said Bitcoin gained about 23% over the past week, outpacing most AI-related infrastructure names and helping shift market attention away from miners with stronger artificial intelligence and high-performance computing exposure. Shares of Canaan, American Bitcoin, and Cango rose between 41% and 67%, while CoreWeave gained about 21%, Nebius rose 17%, and IREN added 15%. BlocksBridge said some miners with heavier AI and HPC exposure were flat or lower during the same period. The firm pointed to three catalysts behind Bitcoin’s move: a U.S. Treasury announcement on Aug. 19 to at least double the scale of long-term Treasury liquidity support for buybacks, rising regulatory optimism after a White House meeting with crypto executives and Donald Trump’s call for Congress to pass the CLARITY Act, and a short squeeze following Bitcoin’s breakout that led to more than $1.6 billion in crypto liquidations over 24 hours. BlocksBridge also said public Bitcoin miners’ investment in AI data centers was about 15 times their AI-related revenue.

Hyperliquid Policy Council, or HPC, and TradeXYZ have submitted a comment letter to the U.S. Commodity Futures Trading Commission calling for energy perpetual contracts to be included in regulated American markets. The letter points to a market episode in February, when conflict in the Middle East disrupted crude exports while U.S. futures markets were closed. During that period, offshore participants were already using crude-linked perpetuals on Hyperliquid to manage risk exposure, and roughly two-thirds of the initial weekend price move was completed on-chain. The filing also references the CFTC’s regulatory steps this year: the agency approved the first crypto-asset perpetual contracts to trade in the U.S. as futures in May, then opened a public comment process on energy perpetuals in June. HPC and TradeXYZ said the commission should adopt a technology-neutral framework for reviewing energy perpetuals and 24/7 trading, recognize that exchanges can operate around the clock, treat stablecoins and tokenized collateral as eligible margin, and allow regulated venues to use on-chain infrastructure for execution, clearing, and settlement.

Hyperliquid Policy Center, or HPC, and trade.xyz have submitted a joint comment letter to the U.S. Commodity Futures Trading Commission calling for a clear route to bring energy perpetual contracts into regulated U.S. markets. The letter says trade.xyz, the largest third-party perpetuals market deployer on Hyperliquid, has recorded more than $500 billion in cumulative volume across markets including WTI crude, Brent crude, and Henry Hub natural gas since their launch in October 2025. To support its case, the filing points to disruption in energy exports tied to a Middle East conflict in late February this year. During the weekend closure of U.S. crude futures, the letter says non-U.S. participants were still able to manage risk through oil perpetuals on Hyperliquid, and those onchain contracts completed roughly two-thirds of the overall price discovery between Friday’s close and Sunday’s reopening before benchmark markets resumed trading. The submission also argues that perpetuals remove the need for repeated rollovers, concentrate liquidity in a single order book, and can better match smaller hedging needs. It recommends a technology-neutral, principles-based framework that would allow round-the-clock operation, clarify timing rules such as the definition of a business day, permit stablecoins and tokenized traditional assets as collateral, and recognize onchain infrastructure across trading, margining, clearing, settlement, and recordkeeping.

Techub News, citing data from TheEnergyMag, said estimated mining revenue for Zcash stands at $727 per megawatt-hour. The figure is described as more than three times the estimated revenue level for high-performance computing, or HPC, and more than four times the revenue from Bitcoin mining. The item was attributed to Cointelegraph in the source note. No additional timeframe or methodology details were provided in the brief. The report focuses on a direct comparison of estimated revenue per unit of power, highlighting a gap between Zcash mining, HPC workloads and Bitcoin mining based on the cited dataset.

Hyperliquid Policy Center, or HPC, has submitted a comment letter to the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission arguing that eligible equity perpetual contracts can be treated as securities futures. In the filing, HPC said this category already sits within a shared regulatory structure overseen by the two agencies, which would let exchanges compete on execution quality rather than on which regulator has jurisdiction. The group also said a core legal question remains unsettled in the United States: whether perpetuals should be classified as futures or swaps. HPC argued that perpetual contracts share several futures-like traits, including standardized terms, the ability to offset positions, and forward value, even though they do not have a fixed expiration date. Instead, prices continue to converge through a funding-rate mechanism. The letter set out four recommendations, including confirming that the securities futures definition can cover cash-settled equity perpetuals with futures characteristics, preserving listing flexibility for trading venues, keeping classification consistent across both agencies, and updating the securities futures framework for newer product structures. HPC added that Hyperliquid perpetuals have recorded more than $480 billion in trading volume over the past 10 months.