Key Takeaways
- Bitcoin mining has created over 31,000 jobs in the U.S.
- Texas leads with 12,200 mining-related jobs.
- Bitcoin mining contributes $4.1 billion to the U.S. economy annually.
A recent study by the Perryman Group, commissioned by the Texas Blockchain Council and The Digital Chamber, highlights the economic impact of Bitcoin mining in the U.S.
The report reveals that Bitcoin mining has directly and indirectly created more than 31,000 jobs across the country.
Texas leadership
Texas leads the nation, accounting for over 12,200 of these jobs, due to its favorable energy policies and infrastructure.
The study also emphasizes the role of Bitcoin mining in supporting local energy grids, providing a load-balancing function that benefits utility providers.
GDP contribution
Beyond job creation, Bitcoin mining contributes more than $4.1 billion to the U.S. gross domestic product annually.
The industry’s growing economic footprint aligns with former President Trump’s push to strengthen the country’s mining and AI computing infrastructure.
Political support
During his 2024 presidential campaign, Trump repeatedly emphasized making the U.S. the global leader in both Bitcoin mining and AI, calling energy expansion a national security priority.
Trump, advocating for increased use of fossil fuels and nuclear energy to meet future demand, stated:
We will have power plants built at the sites.
Energy innovation
The rising energy needs of Bitcoin mining and AI computing have led tech companies to explore advanced energy solutions.
In October 2024, Google partnered with Kairos Power to develop a small-scale nuclear reactor for AI operations, expected to be operational by 2030.
