Texas has become the top state for Bitcoin mining in the US, with a hash rate share of 28.5%, according to data from Foundry. This is a significant increase from the 8.4% share estimated in 2021. The state has made mining attractive through government incentives and compensates firms for participating in stabilizing the electricity grid. Other states, such as New York and Georgia, have seen their respective shares decrease, while Foundry believes its estimate for Texas may actually be low. The University of Cambridge plans to update its mining map by early next year.