According to Bloomberg, the U.S. Energy Information Administration (EIA) predicts that by 2023, the electricity required for cryptocurrency mining will account for 0.6% to 2.3% of the country's total demand. The report said that this forecast is equivalent to the electricity demand of more than 3 million to 6 million households in the United States each year. Since China banned the cryptocurrency mining industry in May 2021, a large number of mining companies have moved from China to the United States. Currently, the EIA has confirmed a total of 137 mining facilities in 21 states across the United States, most of which are located in Texas, Georgia and New York. The report also pointed out that according to estimates by the Cambridge Bitcoin Electricity Consumption Index (CBECI), by 2023, the electricity required for Bitcoin mining will account for 0.2% to 0.9% of global electricity demand.