White House crypto adviser Patrick Witt has postponed military training to continue supporting the CLARITY Act as it advances toward a Senate vote.

Witt confirmed the deferral in a social media statement, allowing him to remain involved in negotiations for the legislation, which aims to establish a comprehensive federal framework for digital assets. The bill faces a deadline before the August 8 congressional recess.

Separately, shares of Bitcoin mining companies rose sharply after announcements of major artificial intelligence infrastructure contracts. Hut 8 secured a 15-year, $9.8 billion lease for its data center campus, while IREN reported $2.8 billion in cloud services agreements and raised its annualized revenue target for the business above $4 billion by the end of 2026.

Several peers, including Cipher Digital, CleanSpark and MARA Holdings, posted gains of at least 9 percent. The developments highlighted the sector’s ongoing diversification into high-performance computing amid challenges in traditional mining economics.

In asset management news, Grayscale Investments outlined plans to implement regular cash distributions from staking rewards on its Ethereum and Solana exchange-traded products. Amendments to the relevant trust agreements are expected around August 7, with quarterly conversions of rewards into cash for shareholder payouts.

The move follows Grayscale’s initial staking distribution for its Ethereum product earlier this year. The Ethereum fund holds approximately $1.22 billion in net assets, while the Solana fund stands at $101.13 million.