The Economic Impact of Bitcoin Mining: Jobs, Investment, & Energy Stability

This blog summarizes findings from The Economic Benefits of Bitcoin Mining by The Perryman Group. Read the full report here.

TLDR

• Bitcoin mining contributes over $4.1 billion in annual U.S. gross product.

• Bitcoin mining generates over $2.5 billion in personal income and supports 31,020 jobs nationwide.

• Bitcoin miners provide additional benefits, including energy grid stability, community investment, and charitable donations.

Driving Economic Growth & Creating Jobs Across the U.S.

Bitcoin mining is emerging as a powerful economic engine. According to the latest research from The Perryman Group, the mining industry contributes over $4.1 billion to the annual U.S. gross product, supports more than 31,000 jobs nationwide, and generates upwards of $2.5 billion in personal income. The economic benefits of Bitcoin mining extend beyond direct employment—these companies help stabilize energy grids, invest in communities, and provide charitable donations.

Texas leads the nation in Bitcoin mining, generating approximately $1.7 billion in annual gross product and providing over 12,200 jobs. Other significant mining hubs include Georgia ($316.8 million), New York ($225.9 million), and North Dakota ($215.4 million). These operations across the U.S. bring vital investment and employment opportunities, especially in rural communities that have historically struggled economically.

MARA alone invested nearly $2 billion into the U.S. economy in 2024. This included a $215 million investment in Nebraska, $229 million in Ohio, and a $1 billion investment in Texas. These investments reflect our confidence in the future, support local economies, and set the stage for sustainable growth across the United States.

Bitcoin Mining Strengthens the Grid & Advances Sustainability

Bitcoin miners play an important role in stabilizing energy grids. According to The Perryman Group, "Bitcoin miners are unique in that they can adjust power usage in times of extreme grid stress." Their ability to adjust power consumption dynamically makes them valuable partners for energy providers. During peak demand periods, miners can curtail operations to free up electricity for other users—helping prevent disruptions and ensuring grid reliability.

The Electric Reliability Council of Texas (ERCOT) recognizes Bitcoin miners as key contributors to grid stability. Their steady yet flexible power demand encourages investment in new energy infrastructure, particularly sustainable sources. Many mining operations prioritize sustainability by harnessing excess energy from renewable facilities and methane emissions from oil fields, transforming waste energy into valuable and sustainable assets.

Investing in Communities & Strengthening Local Economies

In addition to their economic and energy contributions, Bitcoin mining companies actively invest in local communities. The Perryman Group highlights various forms of investment, from job training programs and infrastructure development to charitable giving. These mining firms create lasting community impact by sponsoring education initiatives, offering scholarships, and supporting local businesses—generating positive ripple effects throughout their host communities. In Texas, MARA exemplifies this local investment by contributing tens of thousands of dollars to local organizations such as the Granbury Chamber of Commerce, Granbury Independent School District, YMCA, Forward Training Center, United Way, Toys for Tots, Mission Granbury, and local food banks.

In rural towns, Bitcoin mining companies often establish themselves among the largest employers and taxpayers. For example, MARA’s Texas operations support dozens of skilled jobs and were responsible for around $25 million in tax revenues in 2024. The influx of jobs and tax revenue from miners strengthens local public services, boosts school funding, and improves community well-being. Moreover, mining firms frequently hire and train individuals transitioning from other industries, expanding career opportunities in high-tech fields.

MARA’s Commitment to Creating Lasting Impacts

At MARA, we embrace our role as a leader in the Bitcoin mining industry and the responsibilities that come with it. Our commitment centers on sustainable growth, community development, and responsible energy use. By prioritizing energy partnerships, investing in rural economies, and creating high-value jobs, we are building a resilient future for our investors and the communities in which we operate.

Bitcoin mining is a powerful economic force with far-reaching benefits, as confirmed by the Perryman Group's recent report. As the industry continues to mature, its impact on economic growth, energy stability, and community development will grow stronger. At MARA, we are proud to lead this movement, proving that Bitcoin mining is a force for positive change—locally and globally.