Bitcoin mining creates over 31,000 jobs

A recent study reveals that the Bitcoin (CRYPTO:BTC) mining industry in the United States has generated over 31,000 jobs and contributes significantly to the country's GDP.

The report, conducted by the Perryman Group and released by the Texas Blockchain Council and The Digital Chamber, highlights the economic benefits of Bitcoin mining, despite it being a relatively new sector.

According to the study, twelve U.S. states account for the majority of Bitcoin mining activity, with Texas leading the way by creating over 12,200 jobs directly through Bitcoin mining and related supporting industries.

The industry's activities contribute more than $4.1 billion to the U.S. GDP annually and support local energy infrastructure by providing a load-balancing resource for the electrical grid.

"Bitcoin mining companies serve as important employers and taxpayers in their local communities," the report on US Bitcoin mining stated.

The importance of mining infrastructure has grown, especially considering former President Trump's statements about the U.S. dominating the mining industry and developing electrical infrastructure for mining and AI data centers.

During his 2024 presidential campaign, Trump emphasised making the U.S. the "crypto capital of the planet" and establishing dominance in the AI sector as matters of national security.

To meet the high energy demands of both mining and AI, companies are exploring alternative energy sources like nuclear power.

For example, Google partnered with Kairos Power in October 2024 to develop a small-scale nuclear reactor for its AI operations, with the project expected to be online by 2030.

 At the time of reporting, the Bitcoin (BTC) price was $96,216.31.