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U.S. Vice President JD Vance stated at the All-In Summit that U.S. AI data centers are facing increasing opposition, largely because the power supply has not kept up. Residents see data centers being built continuously while their electricity bills are rising, which naturally leads to backlash. He believes the solution is not to build fewer data centers but to increase power generation capacity accordingly.Vance mentioned that the U.S. has not built enough power facilities in the past generation, and in the future, it should pursue a state where "electricity is so cheap that it doesn't need to be metered." He also compared this to China, arguing that the slow growth of power generation in the U.S. in recent years has already affected the development of new industries like AI. "So cheap that it doesn't need to be metered" is an old slogan from the history of U.S. nuclear energy. In 1954, Lewis Strauss, the chairman of the U.S. Atomic Energy Commission, used it to describe the era of cheap electricity brought by atomic energy.The IEA estimates that data centers will contribute to about half of the new electricity demand in the U.S. by 2025; the U.S. Congress is also advancing legislation this week to try to prevent the costs of expanding data centers from being passed on to ordinary households.

According to Bloomberg, due to the impact of the El Niño phenomenon, the inflow to Ethiopia's hydropower dams has significantly decreased, and Ethiopian Electric Power Corp has reduced electricity supply to the Bitcoin mining industry by three-quarters.Data shows that Bitcoin mining companies contributed 35% of the company's revenue in the past fiscal year, with their electricity consumption accounting for nearly one-third of the country's total power generation (9,730 megawatts). This large-scale power restriction may severely impact the operations of local mining companies.

According to foreign media reports, Samsung Electronics and SK Hynix rejected a prepayment proposal for electricity bills put forward by the Korea Electric Power Corporation. The proposal originally required the two companies to pay electricity bills in advance to fund the construction of the power grid for a new technology cluster. Utility companies across Asia are struggling to keep up with the growing demand from the semiconductor and artificial intelligence industries due to tight funding.The Korea Electric Power Corporation's proposal is estimated by local media to total 250 trillion won, equivalent to five years' worth of electricity bills. A spokesperson for the Korea Electric Power Corporation stated via text message, "The two companies ultimately rejected the proposal from the Korea Electric Power Corporation." According to local media reports, the two chip manufacturers are concerned about the uncertainty of whether the current semiconductor boom can be sustained over the next five years.

According to The Information, Anthropic has reached a $13.7 billion computing power agreement with Rum Group, which is associated with Trump.

Arthur Hayes posted on the X platform that, aside from AI safety risks, if companies like Anthropic, OpenAI, and SpaceX no longer act as buyers of computing power, the U.S. government may need to take on that role; another scenario is that if the demand for computing power disappears, leading to defaults on related AI debts, the Federal Reserve may need to "print money" to rescue the insurance institutions holding those debts. Hayes stated that regardless of which option is chosen, it will ultimately need to be resolved through monetary expansion, jokingly referring to this situation as "Yachtzee."

According to CoinGlass data, the Coinbase Bitcoin Premium Index has recorded negative values for 7 consecutive days, with the latest at -0.0205%, indicating that purchasing power in the U.S. market has once again fallen into a slump.Previously, on August 24, the Coinbase Bitcoin Premium Index reappeared with a positive signal for the first time since May 19, reporting 0.0052%, temporarily ending the longest historical negative premium period of 97 days. The Coinbase Bitcoin Premium Index is used to measure the price difference of Bitcoin between Coinbase Pro and Binance. A sustained negative index typically means that Coinbase's pricing is relatively low, which may reflect weak buying interest or significant selling pressure in the U.S. market, but it should not be solely relied upon to determine that institutional funds are flowing out.

According to Reuters, Mexican authorities discovered an illegal cryptocurrency mining operation in a remote mountainous building in Tehuacán, Puebla, where 300 GPUs, 80 medium-voltage terminals, and 8 satellite antennas were found on-site. Authorities are investigating whether the operation is stealing electricity from a nearby hydroelectric power station.This is the fourth similar crypto farm discovered in the area since early last year, with three others found near a hydroelectric power station in northern Puebla last year. Local residents reported that the noise from the equipment can be heard from a kilometer away. Mexican security analyst David Saucedo stated that drug trafficking groups seem to have reached a new level of sophistication, as establishing such operations requires technical expertise and support from well-funded groups.Chainalysis Latin America expert Caio Motta pointed out that such operations are usually located in areas with extremely low electricity prices or within the reach of organized crime to steal electricity and establish large-scale mining infrastructure.

Cardano ecosystem project Empowa disclosed that two interconnected unauthorized asset transfer incidents occurred involving its three project wallets. Between November 2025 and June 2026, approximately 143,710 ADA was transferred out in 18 transactions from one project treasury wallet, which was also registered and claimed by unknown individuals using the private key corresponding to the Midnight airdrop, of which about 36,000 NIGHT has been transferred away.From June to August 2026, approximately 4.24 million EMP was transferred out from the other two project wallets, some of which have been sold through Minswap, VyFi, and others. Empowa stated that the funds from the two incidents ultimately flowed to the same intermediary wallet, indicating control by the same party, but the identity of the individuals operating these private keys cannot currently be confirmed. The project team has hired a professional blockchain investigation agency and plans to seek KYC information through the centralized exchanges where the relevant funds ultimately entered.

According to official sources, consumer crypto product RealGo has announced the completion of a new $6 million strategic financing round, backed by UZ Capital, Greenwood Global Capital, and Infinite Alliance. The newly raised capital will be allocated toward core product development, global talent acquisition, and ongoing AI research and implementation, aiming to reinforce its Meme ecosystem applications and on-chain value framework as RealGo scales into a globally influential Meme 3.0 infrastructure and Meme AI powerhouse. RealGo is a consumer-facing Web3 ecosystem integrating AR, AI, LBS, social experiences, and on-chain asset infrastructure. The platform transforms Meme IPs into interactive and ownable digital assets that can be discovered, collected, connected, utilized, and traded across digital and real-world experiences.

Liquid Compute CEO Ronit Jain published an article introducing the hedging of computing power prices. Purchasing computing power, holding GPUs, or lending based on this has exposed them to computing power price fluctuations. Hedging is a cash-settled contract that locks in future prices against an index without the need to transfer GPUs.Companies can buy forwards to fix the cost of next year's capacity as a budget item while still being able to purchase from any supplier. Neocloud can sell forwards to convert uncontracted hours into fixed cash flow, making it easier for lenders to provide loans based on this. Regarding the residual value of sale-leaseback, recent forwards can be rolled over when entering a tradable range, or put options can be bought on forwards, with more liquid near-term options available to pay for the option premium.Hedging locks in prices rather than quantities, and does not completely match actual rates, nor is it free: it requires giving up favorable price movements or paying option premiums. Legally, it usually requires signing an ISDA Master Agreement with the counterparty, obtaining permission for the settlement index, and determining the ratio of hedging exposure.

Pantera Capital Junior Partner Jay Yu published an article titled "The Rise of Compute Markets," stating that computing power and data center spending have become a trillion-dollar category, but GPU procurement is still mainly done through group chats, over-the-counter brokers, and bilateral agreements. He noted that the financialization of computing power is still in its early stages, constrained by SKU, time, and location, but could become a commodity asset similar to electricity or oil in the next 5 to 10 years. Jay Yu believes that the computing power market may form a "hardware-supplier-cluster" structure similar to the electricity "grid-operator-node," with new cloud vendors being structural shorts on GPUs, while on-demand platforms and application layers are longs.He mentioned that for every $100 spent on inference at the application layer, about $45 flows to the on-demand layer, about $50 flows to the new cloud or GPU layer, and about $5 flows to routing layers like OpenRouter. NVIDIA can be seen as the "central bank" of computing power, having announced support for up to 25% residual value. He also stated that physical delivery has a more enduring moat, and indices, cash-settled exchanges, and financing tools will subsequently emerge, with participants including SF Compute, Vast AI, Runpod, Compute Exchange, and others. The computing power market does not have mandatory price transparency requirements, and basis risk may be greater.

According to the New York Times, OpenAI expects its computing power expenditure to reach $750 billion by 2030.

Indonesian AI infrastructure platform Zankore has received support from NVIDIA, signing a $3.1 billion loan agreement to purchase advanced chips, highlighting the surge in demand for computing power in Asia.Citigroup, Dutch International Bank, and others are underwriting this loan, with Citigroup as the sole debt advisor. This is one of the largest AI infrastructure financings in Asia.

According to Decrypt, the Mexican federal prosecutor, in conjunction with the Navy and Puebla state police, conducted a raid on a property in the remote mountainous area of Tlaola, Puebla, seizing approximately 300 cryptocurrency mining machines, as well as transformers, medium-voltage terminals, and satellite internet antennas.The investigation revealed that the mining operation illegally tapped into the grid of the Nuevo Necaxa hydroelectric power station, and authorities have filed charges for "theft of electricity." Currently, forensic accountants are tracing the source of the hardware funding, and money laundering suspicions have not been ruled out. Data from the Mexican Federal Electricity Commission shows that from January to July 2024, non-technical electricity losses reached up to 6,346 gigawatt-hours, valued at approximately 13.8 billion pesos (about 817 million USD).

Pequity Research cited FundaAI stating that the training computing power used by GPT-6 is approximately 10 times that of GPT-5.FundaAI indicated that based on industry discussions, the total computing power consumed by experiments, reinforcement learning, synthetic data generation, and supporting infrastructure could be several times that of the main pre-training run, potentially reaching up to ten times. Once TPU 8t and Vera Rubin are shipped on a large scale, the next round of pre-training acceleration can begin, with large-scale interconnection and optics benefiting the most during this cycle.

The Ministry of Industry and Information Technology of China released the "14th Five-Year Plan for the Development of the Information and Communication Industry," setting the national intelligent computing power target at 9800 EFLOPS by 2030. According to data from the National Bureau of Statistics, as of the end of July, the national intelligent computing scale was approximately 2450 EFLOPS (FP16), indicating that it needs to expand by about 4 times in the next four years based on this standard.The plan proposes an orderly deployment of intelligent computing clusters with tens of thousands and hundreds of thousands of cards, building inference computing power for different scenarios, and increasing the adaptation of domestic computing power chips. Currently, 52 intelligent computing facilities with more than ten thousand cards have been established nationwide. The Ministry of Industry and Information Technology disclosed that the intelligent computing power scale at the end of June was 2185 EFLOPS, a year-on-year increase of 177%. The plan uses 1590 EFLOPS in 2025 as a benchmark, aiming to reach 9800 EFLOPS by 2030, which is an expansion of about 6.2 times. During the same period, the cumulative investment target for information infrastructure in the information and communication industry is 3.8 trillion yuan, which also includes communication networks and is not all allocated for AI computing power.