Miner Weekly: The Latest Bitcoin Mining Map
This article first appeared in Miner Weekly, BlocksBridge Consulting’s weekly newsletter curating the latest news in bitcoin mining and data analysis from TheEnergyMag. Subscribe to receive in your inbox once a week.
TheEnergyMag has released its latest North American Bitcoin Mining Map, offering a granular look at where public mining companies are operating across Canada and the United States. According to the updated data—current as of either December 2024 or March 2025—public Bitcoin miners now operate a total of 7.4 gigawatts (GW) of power capacity, a sharp increase from 5.42 GW at the end of 2023.
The concentration remains in Texas, which now hosts nearly 3.85 GW of mining capacity from just eight public mining firms. Notably, this figure does not include private operations or public ones like Canaan, Cango or BitFuFu that don’t disclose state-level power breakdown. The map shows that other top mining states include Georgia (703 MW) and New York (546 MW).
This expansion signals sustained infrastructure investment—even as Bitcoin’s hashprice hovers at low levels and post-halving block subsidies and transaction fees have tightened profitability.
However, this capacity buildout comes at a critical crossroads for the industry, shaped by two converging forces: AI’s infrastructure demands and looming U.S. trade tariffs.
📉 Mining Meets AI: Shifting Megawatts and Revenue Streams
Several large mining companies, most notably Core Scientific (NASDAQ: CORZ), have reallocated portions of their Bitcoin mining capacity to high-performance computing (HPC) services tailored for artificial intelligence workloads. Core’s Denton, Texas facility is a prime example—where mining machines were deracked last year in favor of AI-centric hosting clients. Hence, its power portfolio for digital assets was reduced notably during 2024.
This trend illustrates how the North American Bitcoin mining power capacity growth may be disrupted due to Bitcoin’s shrinking hashprice and the rising competition from the AI realm. As AI demand continues to surge and power-intensive training models multiply, the next stage of the game is perhaps how to reevaluate mining infrastructure as a competitive asset in the broader data infrastructure economy.
⚠️ Tariff Headwinds Add Supply Chain Pressure
Meanwhile, the prospect of new Trump-era global tariffs adds fresh uncertainty to Bitcoin mining’s operational calculus. The sector is heavily dependent on semiconductor supply chains rooted in Asia—particularly chip foundries in Taiwan and South Korea, and manufacturing hubs in China.
Although major hardware producers like Bitmain and MicroBT have taken steps to localize some assembly in the U.S., the bulk of ASIC chip production still flows through geopolitically sensitive routes. Rising capital costs from tariffs could dampen hardware demand, especially as miners already weigh slimmer post-halving margins.
🗺️ Mapping the Network: A Dynamic View of North American Hashpower
Alongside the dataset, TheEnergyMag has also rolled out a revamped website with an interactive power map, now live on its website. The new tool provides real-time visualization of power capacity distribution by geography, highlighting operational footprints down to the state or provincial level.
This upgrade enhances transparency in a space where accurate, granular data has long been scarce. Separately, TheEnergyMag’s new site also offers filters by company and operational status—giving analysts, investors, and regulators a more intuitive way to track industry trends across the North American continent.
The Cambridge Bitcoin Electricity Consumption Index currently estimates that the network is powered by 20.89 GW of capacity. In that case, the North American public mining companies would account for about 35% of the network’s capacity. That is also aligned with TheEnergyMag’s previous estimate that a list of public mining companies represents about 40% of the network’s monthly production market share.
📊 Looking Ahead: A Sector in Transition
With the halving freshly behind us and AI infrastructure emerging as a competing use case for megawatt-scale data centers, the North American Bitcoin mining industry stands at a structural inflection point. TheEnergyMag’s latest heat map not only reveals how much the mining footprint has grown—it also prompts a deeper question: how much of it will still be mining Bitcoin a year from now?
Regulation News
- ‘Clean Cloud Act’ draft bill requires crypto miners to cut emissions or face fines – The Block
- Arizona’s Bitcoin Mining Bill Advances to Governor’s Desk – Decrypt
Hardware and Infrastructure News
- Pakistan turns to bitcoin miners, AI data centers to use surplus power – Reuters
- Bit Digital (NASDAQ: BTBT) Secures Québec Site for HPC Backing Cerebras Deal – TheEnergyMag
- Bit Digital to Acquire $53M North Carolina Facility as it Deepens HPC Pivot – TheEnergyMag
Corporate News
- Tether to Back OCEAN Pool with Current, Future Bitcoin Hashrate – TheEnergyMag
- Bitdeer Prioritizes Mining to Weather Tariff Turmoil – Bloomberg
- Tether Acquires $32M in Bitdeer Shares Amid April Downturn – TheEnergyMag
Financial News
- CleanSpark Taps $200M Coinbase Credit, Adjusts Bitcoin Hodl Strategy – TheEnergyMag
- Public Bitcoin Miners Resume Selling Spree as Profit Squeeze Deepens – TheEnergyMag
- Auradine Raises $153M in Series C to Expand Beyond Bitcoin Chips – TheEnergyMag