Bitcoin Mining Creates 31,000 Jobs, Boosts US Economy by $4.1 Billion

The Bitcoin mining industry in the United States has emerged as a significant job creator, according to a recent report by the Perryman Group, released by the Texas Blockchain Council and The Digital Chamber. The report highlights that the industry has directly and indirectly created over 31,000 jobs across 12 states, with Texas leading the way with over 12,200 jobs.

The report also underscores the economic impact of Bitcoin mining, contributing over $4.1 billion to the U.S. economy's Gross Domestic Product (GDP) annually. Furthermore, mining activities support local energy utility infrastructure by serving as a load-balancing resource for the grid.

These findings come amidst growing recognition of the importance of mining infrastructure in maintaining global competitiveness, as previously emphasized by former U.S. President Trump. The report's insights underscore the potential of the Bitcoin mining industry to drive economic growth and job creation in the United States.