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

Share your requirements to help us to customize the report.

I acknowledge that I have read the Privacy Policy

Confidentiality

We respect your privacy rights and safeguard your personal information. We prevent the disclosure of personal information to third parties.

License Type Top market research company in USA

File Type

Analyst Support

$5,300

BUY NOW GET FREE SAMPLE

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

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

Share your requirements to help us to customize the report.

Confidentiality

FAQs

What is the global market size of Cryptocurrency Mining Market?

Who are the key vendors in the Global Cryptocurrency Mining Market?

What is the key driver of Global Cryptocurrency Mining Market?

What is the key market trend for Global Cryptocurrency Mining Market?

Which region accounted for the largest share in Global Cryptocurrency Mining Market?

Related Reports

Feedback From Our Clients

$5,300