- The US dominates with more than 40% of the global Bitcoin hashrate, with Foundry USA as the leading mining pool.
- Texas contributes more than 28% of the US hashrate, using renewable energy for sustainable Bitcoin mining operations.
Comprising more than 40% of the network’s total hashrate, the United States has confirmed its leadership in Bitcoin mining worldwide. The movement of miners reacting to China’s 2021 ban on crypto-related operations is largely driving this incredible change.
The leading Bitcoin mining pool Foundry USA is instrumental in this supremacy as it offers strong, secure and fast mining solutions. Using cutting-edge technologies and a commitment to sustainable energy, Foundry USA has become a pillar of the American mining environment.
NOW TAKES 40%+ HASHRATE OF BITCOIN
The US now commands over 40% of the global Bitcoin hashrate, with Foundry USA leading the pack.
This is not just numbers – it is a consolidation of power.
Multiple hashes in one region means that the decentralization of the network could be compromised.
But at the same time… pic.twitter.com/CB5f50tgF3
— Roundtable by Mario Nawfal (@RoundtableSpace) January 5, 2025
Texas: Renewable Energy Hub for Bitcoin Mining Growth
With more than 28% of the US hashrate coming from Texasthis country has become the focus of this activity. Low energy prices and supportive laws, among other favorable factors, have attracted mining activities to it.
Texas’ heavy spending on renewable energy — especially solar and wind — has also positioned it as a viable Bitcoin mining hub.
The emergence of the United States as a mining powerhouse marks a significant shift in Bitcoin’s computing capabilities. The flexibility of the industry is demonstrated by the migration of miners from areas with regulatory uncertainty to stable governments such as the United States.
But the concentration of mining capabilities in one nation has raised questions about the possible impact on the decentralization of the Bitcoin network. Balancing efficiency, sustainability and decentralization remains a difficult task.
The US mining sector has major challenges even with its successes. Rising energy prices, environmental opposition and policy changes require constant adaptation. By including renewable energy sources in their activities, reducing environmental impacts and guaranteeing long-term survival, many mining companies are actively dealing with these problems.
On the other hand, CNF previously reported about significant changes in the mining sector in the world. For example, BitFu Fu signed a two-year contract with BITMAIN to supply 80,000 S-series Bitcoin mining rigs.
With a new mining facility in Ethiopia set to increase BitFuFu’s worldwide hosting capacity to more than 600 MW, thus strengthening the infrastructure, this calculated move aims to increase their activities.
Furthermore, as before recordedpredicted to fall 8% in mid-January, is a record high of 109.78 trillion represented by Bitcoin mining difficulties. Although the hashprice fell, miners earned $1.33 billion in December, more than in November.
