A new report by the Perryman Group, commissioned by the Digital Chamber of Commerce and the Texas Blockchain Council, has revealed that Bitcoin mining contributed over $4 billion to the US gross domestic product (GDP) in 2024. The study also found that Bitcoin mining created 31,000 jobs and benefits other industries such as logistics and warehousing. Texas was shown to benefit the most from Bitcoin mining, with the industry contributing $1.7 billion to its GDP and creating 12,200 jobs. Other states, including Georgia and New York, also saw significant economic activity from Bitcoin mining. The report suggests that Bitcoin mining's contribution to the US economy could increase in the future as the industry continues to expand. However, recent price declines in Bitcoin have impacted miner revenues. Some miners are adapting by expanding their operations to reduce costs, such as acquiring renewable energy sources.



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