The United States is gradually losing its grip on global Bitcoin mining, despite political ambitions for technological leadership. According to a recent BlocksBridge Consulting report, North American mining pools saw a steady decline in block share throughout 2025.
By December, Foundry USA, MARA Pool, and Luxor Technologies accounted for roughly 35% of mined Bitcoin blocks. At the beginning of the year, their combined share exceeded 40%. The shift reflects deeper structural changes in the mining industry.
AI Demand Reshapes Mining Economics
Bitcoin mining profitability in the US has weakened after the halving and rising energy costs. JPMorgan estimates show that average daily mining revenue fell to about $38,700 per EH/s in December. That figure is down 32% year over year.
As a result, but also strategically, many miners are redirecting power capacity toward artificial intelligence and high-performance computing. Luxor Technology CEO Nick Hansen said AI demand now dwarfs Bitcoin mining in scale and revenue potential.
Companies such as Hut 8 are increasingly positioning themselves as digital energy infrastructure providers. Instead of expanding hash rate, they are developing AI-focused data centers across the United States.
China and Emerging Regions Gain Momentum
While US miners slow expansion, other regions are accelerating. China continues to increase power generation capacity, which indirectly supports underground Bitcoin mining activity. Industry researchers report renewed hash rate growth in Xinjiang, despite ongoing regulatory restrictions.
At the same time, mining activity is expanding in the Middle East and Russia. These regions benefit from abundant energy resources and lower operating costs. As a result, global Bitcoin hash rate is becoming more geographically distributed.
Experts note that Bitcoin mining increasingly mirrors national energy infrastructure rather than policy intentions. In this environment, energy availability, not political ambition, determines who secures newly minted BTC.