Crypto miner MARA Holdings has issued a call for the United States to aggressively secure a leadership role in Bitcoin mining, noting the geopolitical and financial stakes. In a November 26 X post, MARA, formerly known as Marathon Digital, argued that Bitcoin’s rising prominence as a global financial tool necessitates swift and decisive action from the U.S.
“The United States faces an urgent need to secure its economic and national security interests,” the company stated, likening Bitcoin reserves to the nation’s gold holdings. MARA pointed to the ongoing trend of de-dollarization, where countries are reducing reliance on the U.S. dollar, as a driving force for securing Bitcoin dominance.
MARA highlighted that the U.S. currently holds over 200,000 Bitcoin, marginally ahead of China’s 190,000 BTC. However, China’s dominance in mining hardware manufacturing, with companies like Bitmain and MicroBT controlling an estimated 90% of the market, underscores a vulnerability for the U.S.
Bitcoin Mining: Growing Geopolitical Pressures
The miner proposed a six-point plan to strengthen the U.S.’s position in Bitcoin mining. Key recommendations include fostering domestic production of ASIC mining hardware to reduce dependence on foreign suppliers and creating a Bitcoin strategic reserve akin to the nation’s gold reserves, which currently stand at 8,133 metric tonnes.
MARA also emphasized the need to control a significant share of the global Bitcoin hashrate, the measure of computational power securing the Bitcoin network. “Failing to secure a sufficient share of blockspace and hashrate leaves the U.S. vulnerable to external pressures,” the company warned, citing risks of censorship or transaction manipulation by adversarial nations.
The proposed measures also call for increased investment in U.S.-based Bitcoin mining operations and the establishment of global standards for decentralized networks.
A Competitive Edge
MARA’s warning is not without precedent. CEO Fred Thiel has previously noted the growing hashrate power of nations like China and Russia, further raising concerns about geopolitical control of the Bitcoin network.
With much of its compute power based in U.S. states such as Texas, North Dakota, and Nebraska, MARA is urging the nation to act swiftly, framing Bitcoin mining as a cornerstone of both economic and national security.
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