US Dominance in Bitcoin Mining Crumbles Amid Shift to AI
The promise to keep Bitcoin mining centered in the US is unraveling, according to recent reports. This pledge was made by Donald Trump during his campaign, aiming to make, mine, and mint every Bitcoin in the US.
Bloomberg reported that Bitcoin mining is using 18% less computing power today than in October 2025, with U.S.-listed public miners driving the largest share of this decline. These companies are redirecting their energy capacity towards AI data centers.
Ethan Vera, COO of Luxor Technology, expects public miners to generate most of their revenue from AI rather than Bitcoin by year-end. The largest US-compliant mining pool, Foundry USA, has seen its share of total Bitcoin network computing power drop from over one-third to 26% according to the Hashrate Index.
The shift reverses a years-long trend that followed China's 2021 mining crackdown, which made the US the dominant force in global Bitcoin mining. American Bitcoin Corp., the Trump family-backed miner launched just before Bitcoin's October 2025 peak, has posted losses for three straight quarters and its shares have fallen roughly 90% over the past year.