US accounts for over 40% of global Bitcoin hashrate: Report
Hashrate dominance continues to be debated due to the pseudonymous and geographically distributed nature of Bitcoin mining.
The United States accounted for over 40% of the Bitcoin network’s global hashrate — the total computing power securing the Bitcoin protocol — at the close of 2024, with two US-based mining pools, Foundry USA and MARA Pool, accounting for over 38.5% of all blocks mined.
According to TheMinerMag, Foundry USA grew its hashrate from 157 exahashes per second (EH/s) at the start of 2024 to roughly 280 EH/s by December.
Foundry is currently the single biggest mining pool by hashrate, controlling roughly 36.5% of the total hashrate in the Bitcoin network.
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Author: Vince Quill
