US Miners Now Contribute 40% of Bitcoin Mining Hash Rate

The United States Now Dominates Over 40% of Bitcoin Mining Hash Rate in 2024

As of the end of 2024, the United States has solidified its position as a global leader in Bitcoin (BTC) mining, contributing over 40% of the total hash rate across the entire Bitcoin network. This marks a significant milestone in the cryptocurrency industry, highlighting the growing dominance of U.S.-based mining operations.

Two prominent mining pools, FoundryUSA and MARAPool, are at the forefront of this growth, collectively accounting for 38.5% of all Bitcoin blocks mined. FoundryUSA, in particular, has experienced remarkable growth throughout 2024. Beginning the year with a hash rate of 157 exahashes per second (EH/s), the pool has nearly doubled its capacity, reaching an estimated 280 EH/s by December.

The rapid expansion of FoundryUSA and MARAPool underscores the strengthening influence of U.S. mining pools within the global Bitcoin network. This shift reflects a broader trend of companies seeking more sustainable energy sources, regulatory stability, and infrastructure investment in the United States, making it a hub for large-scale cryptocurrency mining operations.

As the industry continues to evolve, the growing dominance of the U.S. in Bitcoin mining signals a shift in the global balance of power within the blockchain ecosystem. The increasing hash rate highlights U.S. leadership in shaping the future of decentralized finance.