Aside from energy concerns, Bitcoin mining is proving to be a significant driver in the economic rejuvenation of rural areas impacted by globalization and the outsourcing of American manufacturing. According to our team’s research, U.S. Bitcoin mining operations brought in $2 billion in revenue in 2023, equivalent to 3% of the output of the American iron and steel industry. This comparison highlights the increasing economic importance of this emerging sector. In just five years, the industry has generated a notable number of job opportunities. Our estimates show that direct employment in U.S. Bitcoin mining has reached around 1,700 jobs, doubling over the past two years. When factoring in indirect employment, PwC suggests the total number of jobs created nationwide is approximately 11,000.
Source link
This article was complied by AI and NOT reviewed by human. More information can be found in our Terms and Conditions.
