America's Grip on Bitcoin Mining Slips, Despite Trump's Ambitions for Dominance

Core Insights - The U.S. is losing its dominance in Bitcoin mining as firms shift focus towards building infrastructure for artificial intelligence, creating opportunities for countries like China [1] Group 1: Bitcoin Mining Trends - In 2025, North American mining pools saw a decline in block share from over 40% in January to 35% by December, indicating a consistent drop in the percentage of total Bitcoin blocks successfully mined [2] - Bitcoin miners generated an average daily revenue of $38,700 per EH/s in December, reflecting a 32% year-over-year decline, highlighting record low profitability due to rising energy prices [7] Group 2: Industry Shifts and Developments - Hut 8, originally focused on Bitcoin mining, is transitioning to an energy infrastructure company and plans to collaborate with AI firm Anthropic for data center development [5] - The decline in profitability among Bitcoin miners has led to a shift towards addressing the needs of AI firms, as noted by Luxor Technology's CEO [8] Group 3: Political Context - Former President Trump's call for all remaining Bitcoin to be mined in the U.S. emphasizes his vision for a thriving industry, despite skepticism about its feasibility [3] - The Trump family is actively involved in the Bitcoin mining sector, with Eric and Donald Trump Jr. co-founding American Bitcoin, which operates a facility in Texas [4][6]