According to the results of a study by the financial company River, Russia is hopelessly behind the United States in terms of the volume of bitcoin mining.
According to the company, in 2025:
- 36% of the BTC network’s computing power came from the United States;
- 15,6% was controlled by the Russian Federation;
- 13,8% – China.
Leading Countries in Bitcoin Mining
In 2020, China dominated the Bitcoin mining market with a hash rate reaching 65%. However, due to the tightening of digital asset legislation that began in 2021, China’s hegemony came to an end, but the country managed to consolidate its position in the top three.
Five years ago, Russia and the United States shared second place in the ranking of countries in terms of computing power, which amounted to 7,2% of the total hash rate of the Bitcoin blockchain. Since then, Russian companies have increased their coin mining by 117%, and American ones by 400%. Therefore, the United States is far ahead of Russia in terms of computing power of operating equipment.
In the first quarter of 2025, publicly traded US BTC mining companies earned about $800 million. This suggests that Russian companies’ revenue was 57% lower, at $344 million.
It is also worth noting that the US has become a leader not only in mining, but also in the adoption of cryptocurrencies. This is evidenced by the fact that 14,3% of Americans own bitcoins, while among Europeans and Asians this figure does not even reach 4%.
Percentage of residents who hold BTC
