Bitcoin Mining Booms in US, Creating Jobs and GDP; Texas Senate to Discuss Bitcoin Reserve

Bitcoin mining has emerged as a significant economic force in the United States, creating over 31,000 jobs and generating more than $4.1 billion in annual GDP, according to a new report. The industry's rapid growth has been accompanied by a shifting political landscape, with US President Donald Trump emphasizing the importance of Bitcoin mining and artificial intelligence (AI) infrastructure as matters of national security.

The report, conducted by the Perryman Group and published by Texas Blockchain Council and The Digital Chamber, highlights the industry's profound impact on employment, energy infrastructure, and national priorities. Bitcoin mining activity is concentrated in 12 U.S. states, with Texas leading the way, accounting for more than 12,200 jobs directly from mining operations and indirectly through industries supporting the sector.

The massive expansion of mining operations in Texas has also contributed to strengthening local energy utility infrastructure. Bitcoin miners act as a load-balancing resource for the electrical grid, helping stabilize energy supply by shutting down during peak demand and utilizing excess power during off-peak hours. As a result, mining operations have become a key player in grid resilience strategies, making the industry increasingly indispensable to state and local governments.

In addition to its economic footprint, the Bitcoin mining industry faces regulatory uncertainty. Environmental concerns related to carbon emissions and energy consumption have led to increased scrutiny from federal and state regulators. However, the industry's role in stabilizing energy grids and advancing technological innovation may shift political attitudes in favor of supportive policies.

Meanwhile, the Texas Senate is set to hold a public hearing on Feb. 18 to discuss the potential establishment of a Bitcoin reserve. This move could signal further institutional acceptance of digital assets and mark a significant milestone for state-level cryptocurrency adoption. However, market analysts remain cautious, suggesting that unless the state unveils a concrete investment plan, the initiative may remain largely symbolic rather than a transformative shift in Bitcoin adoption.

The upcoming hearing comes just days after Senate Bill 21 (SB21) was received by the Secretary of the Senate, signaling the state’s increasing interest in integrating Bitcoin into its financial reserves. The bill aligns with Texas’ well-known pro-crypto stance, given the state’s strong mining industry, regulatory support, and business-friendly policies that have attracted some of the world’s largest Bitcoin mining firms.

While the hearing is an encouraging sign, the absence of a clear purchase plan means its immediate impact