Global Cryptocurrency Mining Market

Global Cryptocurrency Mining Market Size, Share, Growth Analysis, By Type(ASICs, GPUs), By Application(Remote Hosting Services, Cloud Mining) - Industry Forecast 2024-2031

Report ID: SQMIG40D2017 | Region: Global | Published Date: April, 2024
Pages: 207 | Tables: 63 | Figures: 75

Global Cryptocurrency Mining Market News

  • In September 2023, the Chinese authorities introduced that it is going to be cracking down on cryptocurrency mining sports within the country.
  • In August 2023, the US Securities and Exchange Commission (SEC) charged 3 individuals with working a fraudulent cryptocurrency mining scheme.
  • In July 2023, the European Union proposed a new law that could alter cryptocurrency mining.
  • In June 2023, the Bitcoin mining difficulty reached an all-time excessive.
  • In May 2023, the rate of Bitcoin had fallen under USD 20,000.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Cryptocurrency Mining Market size was valued at USD 2 billion in 2022 and is poised to grow from USD 2.24 billion in 2023 to USD 5.55 billion by 2031, growing at a CAGR of 12% in the forecast period (2024-2031).

Large-scale institutional companies and small-scale independent miners coexist in the competitive environment of the global cryptocurrency mining business, each striving for a piece of the substantial profits provided by blockchain networks. The mining industry has greatly changed since it was a passionate pastime and is now a sophisticated and cutthroat business. 'Bitmain (China)', 'MicroBT (China)', 'Canaan Creative (China)', 'Bitfury (Netherlands)', 'Ebang International Holdings (China)', 'Riot Blockchain (United States)', 'Marathon Digital Holdings (United States)', 'Layer1 (United States)', 'Hut 8 Mining Corp. (Canada)', 'Northern Data AG (Germany)', 'Argo Blockchain (United Kingdom)', 'Genesis Digital Assets (United States)', 'Riot Blockchain (United States)', 'Bit Digital (United States)', 'DMG Blockchain Solutions (Canada)', 'Slush Pool (Czech Republic)', 'F2Pool (China)', 'Poolin (China)', 'Binance Pool (Global, headquarters in Malta)', 'ViaBTC (China)'

The need for mining operations is driven through the growing recognition and utilization of cryptocurrencies, which includes Bitcoin and Ethereum, as humans and institutions want to shop for these virtual properties.

De-centralization Efforts: Decentralization is becoming increasingly more vital within the mining industry if you want to limit the effect of big mining pools and beef up the community's resistance to centralization.

The United States and Canada have been main participants in cryptocurrency mining in North America. Due to their proximity to abundant power resources, reasonably strong regulatory settings, and sturdy technological infrastructure, these regions have drawn widespread investments in mining infrastructure. Additionally, with businesses and funding organizations getting into the marketplace, institutional hobby in cryptocurrency mining has grown in North America.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Global Car Finance Market
Buy Now GET FREE SAMPLE
Dental Insurance Market
Buy Now GET FREE SAMPLE
Global B2B Payments Market
Buy Now GET FREE SAMPLE
India Health Insurance Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Cryptocurrency Mining Market

Product ID: SQMIG40D2017

$5,300
BUY NOW GET FREE SAMPLE