Cryptocurrency mining has become a major economic sector and can influence the energy and industrial strategies of major countries around the world. According to a November 2025 report published by ApeX Protocol, global crypto production is dominated by a small number of countries, which are driving the growth of this evolving sector thanks to their advanced infrastructure and targeted energy policies.
China: The Silent Giant of Mines
Energy efficiency and growth potential
China reaffirms its position as the world’s leading cryptocurrency producer, holding a monthly share of 21.1%. global hashrate. Despite this leadership position, the country uses only 0.33% of its total electricity capacity. miningwhich is a surprisingly low percentage compared to production. In terms of national energy production, mining accounts for only 0.75% of the total, with 9,456 terawatt-hours being the highest among the analyzed countries.
This data shows that China still has significant room and potential to grow in this area. cryptocurrency Production can be carried out without straining the electrical system. Energy efficiency and the ability to maintain the stability of the national power grid are key factors for China to maintain its leadership, achieving a score of 96.2 in the global economy. ApeX protocol Index hits record high.
US: Mining power under pressure
The world’s largest mining operation
The United States ranks second in the world with a 37.84% share of the monthly hashrate, the highest in absolute numbers. This means that more than a third of all cryptocurrency mining operations take place in the continental United States. But this dominant position also has major implications for the country’s power grid. Mines use 1.27% of the country’s electricity capacity and 2.82% of its total energy production, or 4,494 TWh.
Despite pressures on the energy system, the United States receives a score of 93.3 on the ApeX Protocol Index thanks to its ability to maintain such high production without compromising network stability.
Russia and Canada: efficiency and stable growth
Russia: mass production with limited consumption
Russia It ranks third, contributing 4.66% to global cryptocurrency production. Russian mining companies use only 0.62% of the country’s electricity capacity, which corresponds to 1.33% of total energy production. This balance between production and energy consumption allows Russia to achieve a score of 90.2 in the index.
Canada: Energy and Innovation
Canada is the world’s fourth largest producer, with a 6.48% share of global mines. Canadian operators use 1.63% of the country’s electricity capacity, which equates to 3.43% of domestic production. This number is above average and reflects the sector’s growing importance in Canada’s economic structure. The score assigned to Canada is 85.1.
Germany: European leader in efficiency
Germany stands out as Europe’s leading cryptocurrency producer, with a global share of 3.06%. German mines are characterized by efficient use of energy. Only 0.48% of the country’s electricity capacity is allocated to this activity, which corresponds to 1.99% of the total production. The ApeX Protocol Index assigns Germany a score of 82.1, highlighting the robustness of the German model.
Other major companies: Malaysia, Sweden, Thailand, Norway, Australia
Malaysia: a small country with big ambitions
Among emerging countries, Malaysia The proportion of energy spent on mining stands out. Almost 5% of the country’s electricity production is used for this activity, one of the highest percentages in the world. Malaysia, which accounts for 2.51% of the global hashrate, has a score of 71.3, showing that even small economies can play an important role in this sector.
Sweden, Thailand, Norway, Australia
Sweden (0.84% of global hashrate, score 74.9), Thailand (0.96%, score 78.5), Norway (0.74%, score 64.1), and Australia (0.36%, score 57.4) is in the top 10 countries leading in cryptocurrency mining. Although these countries account for a small share of global production, they are distinguished by their efficiency in the use of energy resources and their ability to maintain stable national power grids.
Energy impacts of mining: a global challenge
research by ApeX protocol We evaluated each country based on four key factors: global mining share (hashrate share), total computing power, power usage efficiency, and impact on national energy grids. The final score reflects each country’s ability to produce large amounts of cryptocurrency without compromising the stability of its power system.
spokesperson for ApeX protocol how did you emphasize cryptocurrency mining It has become an economic sector that governments can no longer ignore. Even a small country like Malaysia devotes a significant portion of its energy network to attracting industry operators. However, mining growth will also increase pressure on energy infrastructure, which must be carefully balanced. Economic development and sustainability.
Conclusion: Towards a new balance between innovation and sustainability
The global landscape of cryptocurrency mining is rapidly evolving, driven by countries that know how to combine technological innovation and energy efficiency. Although China and the United States remain the undisputed leaders, the growth of new players like Malaysia shows that the sector is open to surprise and change. The challenge for the future will be to find a balance between growing energy demands and the need to maintain a stable power grid as crypto mining plays an increasingly central role in the global economy.
