Texas Leads U.S. in Bitcoin Mining, Accounting for Over 28% of National Hashrate

Texas accounts for over 28% of all Bitcoin mining in the U.S., according to Foundry's Hashrate Map.
In July 2022, Texas had 28.5% of U.S. Bitcoin hash rate, followed by Georgia (9.64%), New York (8.75%), and New Hampshire (5.33%).
More U.S. states are mining Bitcoin in 2022 compared to 2021. The global Bitcoin hash rate nearly doubled from the end of 2021 to July 2022.
Texas faced power curtailments in July 2022 but may have higher actual hash rate since miners lower production during curtailments.
Texas has cheaper electricity prices than the U.S. average, attracting more crypto miners, especially after China's mining crackdown in 2021.

cointelegraph.com

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