With the advent of Bitcoin a few months ago, mining has established itself as an unexpected economic driver in the United States. A recent report by the Perryman Group reveals a surprising reality: this emerging sector has already created over 31,000 jobs across the country, injecting $4.1 billion into the US economy in the process.
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Bitcoin mining transforms US employment
The study by Perryman Group, published jointly by the Texas Blockchain Council and The Digital Chamber, reveals that 12 states concentrate the majority of Bitcoin mining activity in the country. Texas dominates the ranking, with over 12,200 jobs created in mining operations and support industries.
Georgia takes second place, with 2,334 jobs created and total spending of $811 million. New York ranks third with 1,639 jobs and $567 million in investment, while North Dakota follows closely with 1,538 jobs and $546 million in spending.
The economic impact of mining extends beyond these leading states. Pennsylvania accounts for 1,242 jobs in the sector, while Kentucky and Tennessee contribute 641 and 636 jobs respectively. Even states with more modest activity, such as Washington and South Carolina, benefit from significant economic spin-offs.
Beyond employment, the mining sector makes a significant contribution to the US economy, generating over $4.1 billion in annual Gross Domestic Product.
A strategic sector in the face of energy challenges
Accounting for 38% of the world’s Bitcoin mining activity, the United States faces major challenges in terms of energy consumption. This sensitive issue has led the Energy Information Administration (EIA) to launch an in-depth investigation last year, which was, however, temporarily suspended following legal action by Riot Blockchain Inc. and the Texas Blockchain Counciltwo major players in the sector.
Faced with these energy challenges, the mining industry is demonstrating innovation by exploring alternative solutions, particularly in the nuclear field. This energy transition is inspired in particular by Google which has entered into a strategic partnership with Kairos Power for the development of miniaturized nuclear reactors by 2030.
This evolution of the sector is part of a more ambitious national strategy, aimed at positioning the USA as the world leader in cryptocurrencies. The aim is to develop a robust and sustainable energy infrastructure capable of supporting not only mining activities, but also the growing needs of artificial intelligence.
As a journalist at Coinpri, I’ve been captivated by the world of bitcoin and blockchain since 2020. The decentralized aspect of Bitcoin particularly piqued my interest. Since then, I’ve been working constantly to spread my knowledge, hoping one day to see a world where everyone fully enjoys their financial freedom.
