Bitcoin mining creates more than 31,000 jobs in the US

The Bitcoin mining industry has contributed to the creation of more than 31,000 jobs across the United States. Although it still faces many challenges, Bitcoin mining has a positive impact on the economy.

According to the Texas Blockchain Council, 12 US states: Texas, Rest of US, Pennsylvania, North Dakota, New York... account for the majority of Bitcoin mining activity. Of these, Texas is the most job-generating site, with more than 12,200 jobs created thanks to Bitcoin mining and industries that support the mining sector.

The tens of thousands of jobs created in this industry have brought significant income to workers, with a total annual salary of up to $2 billion. Many areas of the United States, especially those with cheap electricity prices, have become hot spots for Bitcoin mining.

Moreover, Bitcoin mining farms are increasing their use of renewable energy sources, contributing to a reduction in environmental impact. Many businesses in the industry are partnering with clean energy suppliers to reduce reliance on fossil fuels.

During the 2024 presidential campaign, Donald Trump repeatedly stressed his ambition to make the United States the “cryptocurrency capital of the world” and a leader in artificial intelligence (AI). According to Trump, this is a matter of national security.

Both of these areas require huge amounts of energy and additional infrastructure. President Trump vowed to include them on the national priority list, while pledging to build more power plants at mining sites.

He also highlighted the loosening of some regulations that are considered unreasonable and the use of fossil energy to generate electricity, in addition to the use of nuclear energy. According to Trump, to maintain its lead in cryptocurrency mining and AI, the US needs at least double the amount of electricity it currently has.

These massive energy demands have prompted tech companies and cryptocurrency mining businesses to seek alternative renewable energy solutions, including nuclear power.

In October 2024, Google signed a deal with Kairos Power, a nuclear engineering company, to develop a small-scale nuclear reactor for AI operations.

It is expected that the project will be put into operation before 2030. Small-scale nuclear reactors are emerging technologies that can be built right at the operating facility and are small enough to be transported by 18-wheel trucks.