US To Turbocharge Bitcoin Mining Under Lutnick’s Vision

Howard Lutnick wants Bitcoin to “thrive in America.” The US Commerce Secretary announced an ambitious plan to “turbocharge Bitcoin mining” by empowering companies to build off-grid power plants adjacent to natural gas fields. The initiative marks a departure from the anti-mining policies of the Biden administration (e.g., it proposed a 30% excise tax on electricity costs for Bitcoin mining operations, known as the Digital Asset Mining Energy DAME tax), aiming to solidify the US’s position as the world’s leading mining hub. The US is already responsible for roughly 75.4 percent of global hashrate (according to the Cambridge Centre for Alternative Finance study ), with states like Texas leading due to abundant renewable energy and favorable regulations. The new administration has clear ambitions to increase this proportion. On March 31, 2025, the Department of Commerce established the Investment Accelerator, a one-stop office to help companies navigate federal, state, and local regulations when setting up major projects in the US, including Bitcoin mining operations. The program will help miners build dedicated power plants to power their projects, instead of relying solely on the existing power grid. By simplifying formalities, the Accelerator promises to save months compared to typical infrastructure timelines. Lutnick believes the advantage will attract global investment and drive rapid capacity expansion. The Secretary emphasized that the off-grid model will let miners control the cost of power and bypass congested transmission networks. Lutnick, a long-time Trump confidant and crypto advocate, underscores that this push aligns with the administration’s broader efforts to treat Bitcoin as a strategic commodity, akin to gold or oil, and to position America at the forefront of digital-asset innovation. With the US already accounting for more than three-quarters of the network’s hashing power, further capacity growth under the new framework could solidify American dominance at an unprecedented level. Environmentalists who often cite Bitcoin’s ecological impact can rest easy. The Cambridge Centre for Alternative Finance’s new “Cambridge Digital Mining Industry Report” reveals that sustainable energy use in Bitcoin mining jumped to 52.4% in 2025 – up from 37.6% in 2022 – led by 42.6% renewables and 9.8% nuclear, while natural gas has overtaken coal as the principal power source (38.2% vs 8.9%) – all improving the sector’s environmental footprint.

Source: Coinpaper