"Bitcoin mining companies serve as important employers and taxpayers in their local communities," the report on US Bitcoin mining read.The Bitcoin mining industry has already created over 31,000 jobs in the United States both directly through mining operations and indirectly through supporting industries despite being a nascent sector, a recently published report found.
According to a study conducted by the Perryman Group and published by blockchain advocacy organizations Texas Blockchain Council and The Digital Chamber, 12 US states account for the majority of Bitcoin mining activity in the country.
Texas had the most jobs created by mining of those 12 states, with over 12,200 jobs created as a direct result of Bitcoin mining and industries that support the mining sector.
The report also found that mining activities generated more than $4.1 billion in gross domestic product annually and supported local energy utility infrastructure by acting as a load-balancing resource for the electrical grid.
Mining infrastructure has taken on new importance following earlier statements from US President Trump about the US dominating the mining industry and developing electrical infrastructure for mining and AI data centers to remain competitive on the global stage.