Abstract. This is the second installment to the project initiated in [Ma3]. In the first Part, I argued that both philosophy and technique of the perturbative renormalization in quantum field theory could be meaningfully transplanted to the theory of computation, and sketched several contexts supporting this view. In this second part, I address some of the issues raised in [Ma3] and provide their development in three contexts: a categorification of the algorithmic computations; time cut–off and Anytime Algorithms; and finally, a Hopf algebra renormalization of the Halting Problem.