Bitcoin Mining Host Rates Hold Steady in North America as US Operations Map Revealed

The latest Q2 2023 report from Hashrate Index shines light on the geographical distribution of public Bitcoin miners in the US. With operations primarily centered in Texas, North Dakota, and the East Coast, the landscape showcases a broad national participation, according to JMellerud.

However, it’s not just the distribution of miners that’s of interest. Recent data indicates that hosting rates for Bitcoin mining in both the US and Canada have remained consistent. Between Q2 and Q3 of 2023, only marginal changes in rates were observed. The US saw a slight increment from $0.0787/kWh to $0.0790/kWh. On the other hand, Canada‘s rates went from $0.0722/kWh in Q2 to $0.0725/KWh in Q3.

Interestingly, the US offers varying discounts based on the size of the mining operation. Large fleets, boasting more than 200 ASICs, experienced an 8% discount in Q3, a slight rise from the 7.5% discount in Q2. Medium-sized fleets, holding between 100 to 200 ASICs, were given a 6.6% discount in the third quarter, up from the 5.3% in the preceding quarter.