Bitcoin Mining Centralization in the U.S.: A New Risk for the Industry?

A groundbreaking study from the Cambridge Centre for Alternative Finance (CCAF) claims that the United States now dominates Bitcoin mining, controlling as much as 75.4% of the global hashing power. “The U.S. has solidified its position as the largest global mining hub (75.4% of reported activity),” the CCAF reports, based on a survey of 49 mining firms representing nearly half the Bitcoin network’s hashrate.

This concentration, equating to roughly 600 exahashes per second (EH/s) of the global 796 EH/s, raises a pressing concern: Is Bitcoin mining becoming dangerously centralized in the U.S., and what risks does this pose for the emerging asset’s future?

Howard Lutnick, U.S. Secretary of Commerce and former CEO of Cantor Fitzgerald, recently shared insights into the Trump administration’s vision to position the U.S. as a Bitcoin superpower. “It’s like gold. To me. It’s a commodity,” Lutnick said in an interview with Frank Corva of Bitcoin Magazine, highlighting Bitcoin’s fixed supply of 21 million coins. He outlined plans to “turbocharge” U.S. mining through the Commerce Department’s Investment