Bitcoin mining profitability has reached record lows in October as the network's hashrate continues to climb to new heights. This trend highlights the increasing difficulty and energy demands faced by miners globally. In Malaysia, power theft for cryptocurrency mining has surged, with losses exceeding $1.1 billion, underscoring the challenges of illegal mining operations. Meanwhile, major mining companies and equipment manufacturers such as Bitdeer, Bitfury, Canaan, Marathon, Bitfarms, and TeraWulf are diversifying their operations. These firms are increasingly focusing on artificial intelligence and high-performance computing (AI/HPC), securing large-scale financing, and engaging in government-linked energy projects to adapt to the evolving market landscape.