A recent study by The Perryman Group highlights the significant economic and energy contributions of Bitcoin mining across the United States. Beyond its financial impact, the industry supports energy grid stability, community investment, and charitable initiatives.
Economic & Community Impact at Scale
The U.S. Bitcoin mining industry generates $4.1 billion in annual gross product and supports over 31,000 jobs nationwide. Texas leads the industry, contributing $1.7 billion in gross product and 12,200 jobs.
Bitcoin mining companies play a crucial role in supporting local economies, especially in small and rural communities. As major employers and taxpayers, they provide job opportunities, workforce training, infrastructure improvements, and charitable contributions.
Riot has prioritized purchasing services and supplies from local vendors, utilizing local contractors, ensuring that the community benefits directly. Riot employees 250 people at its Rockdale Facility, 174 people at its Corsicana Facility, and 13 across its Kentucky Facilities.
These operations not only create high-paying jobs but also generate substantial tax revenue, strengthening local economies.
🔗 Learn more about Riot’s community contributions and partnerships in Rockdale and Corsicana .
Bitcoin Miners Stabilize the Grid
Bitcoin miners, like Riot, play a crucial role in grid stabilization by adjusting power consumption in real time, helping to ensure greater reliability and efficiency. Their unique ability to scale power usage up or down makes them valuable partners for energy providers, especially during times of extreme grid stress.
Many Bitcoin mining companies have agreements in place that allow their operations to pause or reduce power consumption when energy supplies become constrained. During normal conditions, their steady demand supports grid predictability, providing a strong case for new power generation and transmission investments.
Electric utilities increasingly recognize Bitcoin miners as key partners in grid stability. In Texas, for example, the Electric Reliability Council of Texas (ERCOT)—which manages 90% of the state's energy load—views Bitcoin miners as potential solutions to balancing supply and demand amid rapid population and economic growth.
🔗 Learn how Riot’s Facilities contribute to Texas grid stability here .
Read the full study here .
