According to CoinMeta, BBX announced that its wholly-owned subsidiary Hyperscale Data has established Patriot BTC, with the aim of completely decoupling Bitcoin mining from on-chain assets. At the same time, Reap plans to rely on the strategic ecosystems of Kraken and Visa to launch local currency stablecoins covering pesos, Hong Kong dollars, euros, Korean won, and Japanese yen, in order to build a 24/7 on-chain foreign exchange settlement network. The market is showing a trend where mining companies that list their assets are separating their mining assets by establishing wholly-owned independent entities, in order to achieve the purification of the valuation of their AI data centers.