Beyond the energy issue, Bitcoin mining has emerged as a powerful driver of economic revitalization in rural areas hit hard by globalization and the offshoring of US industry. According to our research team, in 2023, Bitcoin mining operations in the United States will generate $2 billion in revenue, equivalent to 3% of the output of the US steel industry. This comparison highlights the growing economic importance of this emerging sector. In just five years, the industry has created significant employment opportunities. According to our internal estimates, direct employment in Bitcoin mining in the United States has grown to about 1,700 people, doubling in the past two years. Taking into account indirect employment, PwC estimates that it will increase to about 11,000 people nationwide.
