Foundry's Hashrate Map shows Texas with 28.5% of all Bitcoin hash rate in the U.S., followed by the states of Georgia and New York.
The U.S. state of Texas accounts for over 28% of all Bitcoin hashing power in the United States, according to the latest Hashrate Map by crypto mining service provider Foundry USA.
A snapshot of Foundry's pool in December 2021 shows a different picture. At the time, Texas controlled 8.43% of the country's hash rate, Georgia had 34.17%. Meanwhile, Kentucky stood at 12.40% and New York held 9.53% of the U.S. hash rate. Compared to 2021, more U.S. states are mining Bitcoin this year.
During power curtailment, Bitcoin miners lower their production to balance energy supply and demand in the grid. Essentially, it is a way to balance energy consumption during peak times. In Texas, a program grants large energy consumers, such as Bitcoin miners, incentives for being flexible with energy use.