A recent report indicates the Bitcoin mining industry has surpassed 31,000 jobs in the US, significantly impacting local economies, particularly in Texas. The sector’s mining activities result in an annual GDP contribution exceeding 4.1 billion USD and play a vital role in balancing local electrical grids.

During his presidential campaign, then-candidate Trump emphasized Bitcoin mining’s importance to US energy infrastructure. He pointed out that the US needs to enhance its positioning in the mining sector along with high-performance computing as a matter of national security.