Impact of Bitcoin Mining Report

The Digital Power Network is pleased to share a recent study conducted by the Perryman Group, in collaboration with the Texas Blockchain Council and The Digital Chamber, revealing the significant economic contributions of the Bitcoin mining industry in the United States. This research underscores the industry's role in job creation, economic growth, and energy infrastructure support. Key findings from the report include:

• Job Creation: The Bitcoin mining sector has generated over 31,000 jobs nationwide, both directly through mining operations and indirectly through supporting industries. Notably, Texas leads with more than 12,200 jobs attributed to this burgeoning industry.

• Economic Growth: Annually, Bitcoin mining contributes over $4.1 billion to the U.S. gross domestic product, highlighting its role as a substantial economic driver.

• Energy Infrastructure Support: Mining operations enhance local energy utility infrastructure by acting as load-balancing resources for electrical grids, thereby promoting grid stability and efficiency.

The Digital Power Network’s active participation in this study reflects our commitment to advancing blockchain technology and fostering an environment where innovation aligns with economic development. We believe these insights are crucial for informed policy-making and look forward to discussing the report's implications further.