US Controls Over 40% of Bitcoin Network Hashrate, 36.5% by Foundry USA at 280 EH/s

Jan 3, 2025, 08:51 PM

As of the end of 2024, the United States has achieved over 40% of the global Bitcoin network's hashrate, raising concerns about centralization within the cryptocurrency ecosystem. This dominance is primarily attributed to two major mining pools: Foundry USA and MARA Pool. Foundry USA is particularly notable, controlling 36.5% of the network's hashrate, which has increased significantly from 157 EH/s to 280 EH/s over the past year. The growing concentration of mining power in the U.S. has sparked discussions regarding the implications for the Bitcoin network's decentralization and security.