Bitcoin Mining Boom: 31,000 Jobs and $4.1B GDP Impact

Bitcoin mining, a rapidly growing industry in the U.S., has created over 31,000 jobs across the country, according to a recent report by the Perryman Group. This figure includes both direct employment in mining operations and indirect jobs in supporting industries. The research, released by the Texas Blockchain Council and The Digital Chamber, highlights that twelve U.S. states are responsible for the majority of the country's Bitcoin mining activities. Notably, Texas has emerged as the leader, contributing more than 12,200 jobs related to this burgeoning sector.

The economic impact of Bitcoin mining is substantial, with activities contributing approximately $4.1 billion to the U.S. Gross Domestic Product (GDP) annually. Furthermore, these mining operations play a crucial role in local energy infrastructure, functioning as a load-balancing resource for the electrical grid. This development underscores the comments made by former President Trump regarding the significance of strengthening mining infrastructure as a means to bolster the U.S.'s global competitiveness in cryptocurrency and artificial intelligence sectors.