Texas emerges as a formidable player in Bitcoin mining, claiming more than 28% of the country's hash rate.
The state’s meteoric rise was propelled by affordable energy prices and a welcoming regulatory environment.Texas has solidified its position as a dominant force in the world ofmining, accounting for more than 28% of all Bitcoin hash rate in the United States, according to recent data from crypto mining service provider Foundry USA.
In Foundry’s updated Hashrate Map, Texas emerged as the undisputed leader in Bitcoin hash rate. The state boasts 28.5% of the country’s total rate accounted for. This places Texas far ahead of its closest competitors, with Georgia claiming 9.64% of the hash rate. The shift in mining dynamics demonstrates the growing participation of U.S. states in Bitcoin mining throughout 2023.
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