Miner Weekly: US Accounts for 40%+ of Bitcoin Hashrate
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.
The year 2024 marked a significant turning point for North American bitcoin (NASDAQ: ABTC) mining. As described in an October 2023 issue of Miner Weekly, Bitmain-affiliated, Asia-based Antpool had seen a notable surge in hashrate (a measure of bitcoin mining compute-power), posing a challenge to the dominance of the U.S.-based Foundry USA Pool as the largest bitcoin mining pool. However, as 2024 comes to a close, the bitcoin mining landscape has shifted dramatically.
Foundry USA’s hashrate grew exponentially over the year, widening its lead over Antpool by nearly 100%. According to real-time data from Cloverpool (formerly BTC.com), Foundry’s hashrate increased from 157 EH/s at the beginning of the year to approximately 280 EH/s by December 2024. In contrast, Antpool’s growth was more modest, rising from 130 EH/s to just 147 EH/s—well below bitcoin’s overall network hashrate growth of 49%, which surged from 521 EH/s to 778 EH/s during the same period.
