Ask where to mine Bitcoin in the US and you will get opinions. Ask where industrial electricity is actually cheap and you get a number for every state, published monthly by the Energy Information Administration. We pulled the March 2026 figures, the latest available, and mapped all fifty states.
The result is the map below, and it explains more about American mining than any opinion piece. This guide ranks the cheapest states, profiles the regions that matter, shows why the same machine earns triple in the right state, and explains the one catch nobody mentions: you cannot get these rates at home.
What this guide covers
The result is the map below, and it explains more about American mining than any opinion piece. This guide ranks the cheapest states, profiles the regions that matter, shows why the same machine earns triple in the right state, and explains the one catch nobody mentions: you cannot get these rates at home.
What this guide covers
- Why the state decides your mining margin
- •How to read the map: industrial vs residential rates
- The 10 cheapest states for industrial power
- Same machine, different state: the dollars
- The regions that matter, state by state
- The states to avoid
- The catch: you cannot get these rates at home
- Beyond the rate: what else decides a good mining state
- Frequently asked questions
Why the state decides your mining margin Electricity is the only major cost of running a Bitcoin miner, and it never stops. The same Antminer S23 Hydro that nets about $16 a day on $0.04 power nets about $6 on $0.12 power. Nothing about the machine changed; only the meter did.
That is why the entire American mining industry has sorted itself onto the cheap half of this map. Hashrate follows kilowatt-hours the way shipping follows ports. If you want the full math behind that sensitivity, the mining profit calculation guide runs it step by step, and the $0.10 threshold explainer shows where profitability tips over.
The one-sentence version. Below about 7 cents per kWh, almost every modern machine prints money. Above 12, almost nothing does. The state you plug into decides which side of that line you live on.
How to read the map: industrial vs residential rates
Every state has two electricity prices that matter here, and they are not close. The residential rate is what a home pays. The industrial rate is what large facilities pay, negotiated on volume, and it is usually less than half.
The map and rankings in this guide use the industrial rate from the EIA's Electric Power Monthly (Table 5.6.A, March 2026), because that is the rate mining actually runs on. A few examples make the gap concrete:
The map and rankings in this guide use the industrial rate from the EIA's Electric Power Monthly (Table 5.6.A, March 2026), because that is the rate mining actually runs on. A few examples make the gap concrete:
| State | Residential ¢/kWh | Industrial ¢/kWH | Gap |
|---|---|---|---|
| Texas | 16.39 | 6.26 | 2.6x |
| Nebraska | 13.10 | 7.12 | 1.8x |
| Mississippi | 16.30 | 7.56 | 2.2x2.2x |
| Missouri | 13.44 | 8.10 | 1.7x |
| California | 33.35 | 20.06 | 1.7x |
Two patterns drive the list. Cheap states either produce more power than they use (gas in Oklahoma and Texas, wind in Iowa, hydro in Washington and Montana) or sit on uncongested grids with low delivery costs, which covers most of the middle of the country.
Notice where MillionMiner's facility states land: Nebraska at 7.12 cents sits just outside the top ten at number eleven, Mississippi at 7.56, Missouri at 8.10. All three are in the national cheap band, and the hosted rates we will get to shortly sit at or below these averages.
Notice where MillionMiner's facility states land: Nebraska at 7.12 cents sits just outside the top ten at number eleven, Mississippi at 7.56, Missouri at 8.10. All three are in the national cheap band, and the hosted rates we will get to shortly sit at or below these averages.
Same machine, different state: the dollars
Cents per kilowatt-hour are abstract, so let us make them concrete. Take one Antminer S23 Hydro (580 TH/s, 5,510 watts, about $21.76 a day in revenue at June 2026 hashprice) and plug it into the industrial rate of six different states:
| State | Industrial rate | Power cost / day | Net profit / day |
|---|---|---|---|
| New Mexico | 5.84¢ | $7.72 | +$14.04 |
| Texas | 6.26¢ | $8.28 | +$13.48 |
| Nebraska | 7.12¢ | $9.42 | +$12.34 |
| Mississippi | 7.56¢ | $10.00 | +$11.76 |
| Missouri | 8.10¢ | $10.71 | +$11.05 |
| California | 20.06¢ | $26.53 | -$4.77 |
Same machine, same Bitcoin price, same network. New Mexico nets about $421 a month and California loses $143. The spread between the best and worst state is more than $560 a month per machine, which is why location is not a detail in mining; it is most of the business model.
Run your own machine and rate through the step-by-step profit method and this table rebuilds itself for your situation in five minutes.
Run your own machine and rate through the step-by-step profit method and this table rebuilds itself for your situation in five minutes.
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The regions that matter, state by state
Texas: still the capital, with an asterisk
Texas remains the center of gravity for American mining: 6.26 cents industrial, a deregulated grid, and ERCOT demand-response programs that pay large miners to switch off during peaks. The asterisk is heat and volatility. Summer cooling is a real cost, and the same deregulated market that enables cheap power also produces price spikes that have burned operators who did not hedge.
The Southern Plains: Oklahoma, Arkansas, New Mexico
The quiet winners of the 2026 table. Oklahoma at 5.88 cents pairs near-Texas economics with less grid drama, and New Mexico's 5.84 leads the nation outright. These states host fewer headlines and a growing share of actual megawatts.
The Southeast: Georgia, Tennessee, North Carolina, Mississippi
Georgia at 6.70 cents has become one of the densest mining corridors in the country, with Tennessee (7.06) and North Carolina (7.05) alongside. Mississippi at 7.56 offers the same warm-climate caveat with reliable TVA-influenced supply. Cooling matters here too, which is why hydro and immersion designs are increasingly the southern default.
The Midwest corridor: Iowa, Nebraska, Missouri
Iowa at 6.43 cents, Nebraska at 7.12, Missouri at 8.10. The Midwest trades a cent of rate for two advantages the South cannot offer: a colder climate that cuts cooling costs for most of the year, and famously stable grids. This combination is exactly why MillionMiner's footprint sits here and in Mississippi.
The hydro Northwest: Washington and Montana
Washington's 6.85 cents and Montana's 5.99 come from dams, and hydro power brings the cleanest grid mix on this list plus naturally cool air. The constraint is capacity: the best hydro counties filled up years ago, and new large allocations are hard to get.
The states to avoid
The bottom of the table is just as clear as the top. At these industrial rates, no current machine stays profitable:
- Hawaii (33.17¢) and Alaska (25.32¢). Island and isolated grids with imported fuel. Mining here is donating money to a utility.
- California (20.06¢). The largest economy in the country is one of the worst places in it to plug in a miner.
- New England (17.67 to 19.17¢). Massachusetts, Connecticut, and New Hampshire share constrained gas pipelines and aging grids. The whole region prices mining out.
MillionMiner hosts customer machines at $0.08 per kWh standard and $0.07 for enterprise deployments of fifty or more miners, with 99.9 percent uptime and a free 24-hour trial. Compare that to the map: those rates sit at or below the EIA industrial averages for the very states the facilities occupy, and far below any residential rate in the country.
Whether hosting beats your own setup comes down to your home rate. The home versus hosted breakdown runs the full comparison, and the hosting cost breakdown shows exactly what an honest per-kWh quote includes.
Beyond the rate: what else decides a good mining state
Rate is the headline, but four other factors separate a good mining state from a cheap one:
Whether hosting beats your own setup comes down to your home rate. The home versus hosted breakdown runs the full comparison, and the hosting cost breakdown shows exactly what an honest per-kWh quote includes.
Beyond the rate: what else decides a good mining state
Rate is the headline, but four other factors separate a good mining state from a cheap one:
- Climate. Every degree of summer heat is cooling load. A 7-cent state with mild summers can beat a 6-cent state that needs three months of heavy cooling.
- Curtailment programs. Texas-style demand response pays miners to power down during grid stress. It turns flexibility into revenue, and it is spreading to other markets.
- Regulatory posture. Some states court mining with clear rules and tax treatment; others have moved to restrict proof-of-work facilities. The rate means little if the permit never arrives.
- Rising demand. Industrial rates climbed roughly 11 percent nationally over the past year as AI data centers compete for the same cheap power. The map is not static, and the AI pivot analysis covers what that competition means for miners.
Frequently asked questions What is the best state for Bitcoin mining in 2026?
For industrial-scale operations, Texas and Oklahoma lead on raw economics (6.26 and 5.88 cents per kWh), with Georgia anchoring the Southeast. Factor in climate and grid stability and the Midwest corridor (Iowa, Nebraska, Missouri) is arguably the best balance in the country. There is no single answer; the best state depends on whether you weight rate, cooling, or reliability first.
Which state has the cheapest electricity for mining?
By EIA industrial rates in March 2026, New Mexico is cheapest at 5.84 cents per kWh, followed by Oklahoma at 5.88 and Montana at 5.99. Texas and Arkansas tie at 6.26. These are facility-level industrial rates, not what a home in those states pays.
Can I get industrial electricity rates at home?
No. Industrial rates are negotiated by facilities consuming megawatts; residential meters in the same state typically pay 1.7 to 2.6 times more. A Texas home pays about 16.4 cents while Texas industry pays 6.3. The only practical ways to access industrial economics are building a facility or hosting machines in one.
Is Texas still the best state for Bitcoin mining?
It is still the biggest and the benchmark, with 6.26-cent industrial power, a deregulated market, and demand-response programs that pay miners for flexibility. But it is no longer alone: Oklahoma is cheaper, Georgia has matched its growth in the Southeast, and the Midwest beats it on cooling costs. Texas is the capital, not the monopoly.
Why are electricity rates rising for miners?
Industrial rates climbed roughly 11 percent year over year nationally, driven by surging demand from AI data centers, grid modernization costs, and higher natural gas prices. Miners and AI now compete for the same cheap megawatts, which is tightening supply in exactly the states on this list.
What electricity rate do I need to mine profitably?
At mid-2026 network conditions, modern efficient machines stay comfortably profitable below about 10 cents per kWh, get marginal between 10 and 12, and lose money above that for all but the newest hardware. Every state in our top ten clears the threshold easily at industrial rates; almost no state clears it at residential rates.
Where does MillionMiner host machines?
Four US facilities across three states: Nebraska (25 MW), Mississippi (20 MW), and two Missouri sites (50 MW combined), 95 MW in total. Hosting runs $0.08 per kWh standard and $0.07 for enterprise deployments, at or below the EIA industrial averages for those states, with 99.9 percent uptime and a free 24-hour trial.
How current is the data in this guide?
The rates come from the EIA Electric Power Monthly, Table 5.6.A, March 2026 release, the most recent state-level data at publication. EIA updates monthly and rates are trending up, so treat the ranking order as durable and the exact cents as a snapshot.
The bottom line
The American mining map is really an electricity map with extra steps. The industry lives where industrial power costs 6 to 8 cents: the Southern Plains, the Southeast, the Midwest corridor, and the hydro Northwest, and it avoids the coasts that charge double.
For an individual operator the lesson is simpler. Your state sets your ceiling, your meter type sets your reality, and if your home rate is the problem, move the machine instead of the house. Run your own number first, then put the hardware where the map says it belongs.
