AI Could Suck Air Out Of US Bitcoin Mining Industry

President Donald Trump’s goal to win the artificial intelligence race may be working against his other mission to have America lead in Bitcoin mining.

AI spending has soared to an astronomical level, which has pushed publicly-listed Bitcoin mining companies — that provide processing power to generate new coins and confirm transactions — to pivot toward providing processing for AI. Now, many of these companies make most of their money from AI instead of crypto, according to Bloomberg.

Bitcoin mining now uses 18% less power compared to October 2025 and mining is shifting toward Russia and China, the outlet reported.

“The largest decline is for US-publicly listed companies, as they turn to deploy their energy into AI,” Ethan Vera, the chief operating officer of Luxor, a crypto mining provider, told Bloomberg. “We expect this trend to continue.”

Trump said in 2024 that he wanted every Bitcoin “made, mined and minted” in the United States, according to the outlet.

The White House did not immediately respond to a request for comment from the Daily Caller News Foundation.

China historically dominated Bitcoin mining due to cheap energy and access to Bitcoin mining machines produced in the country such as Bitmain. However, its leaders cracked down on domestic Bitcoin mining, which led America gain market share in Bitcoin mining, through which publicly-listed miners such as MARA Holdings and Riot Platforms ramped up their operations.

However, some data center providers believe that Bitcoin mining and AI processing can complement each other.

“AI compute facilities can use Bitcoin mining as a complement to their primary purpose, to both monetize more megawatts and provide grid stability services. The Bitcoin network’s decentralization means operators can ramp up or down their mining activity depending on the needs of the grid,” Brian Morgenstern, the senior vice president of Riot Platforms and a former Trump administration official, told the DCNF.