+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Cryptocurrency Mining Hardware Market 2024-2028

  • PDF Icon

    Report

  • 171 Pages
  • May 2024
  • Region: Global
  • TechNavio
  • ID: 5031201
1h Free Analyst Time
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

The cryptocurrency mining hardware market is forecasted to grow byUSD 16.09 billion during 2023-2028, accelerating at a CAGR of 13.2% during the forecast period. The report on the cryptocurrency mining hardware market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the profitability of cryptocurrency mining ventures, growing demand for cryptocurrency-specific hardware, and the rising popularity of mining pools.

The cryptocurrency mining hardware market is segmented as below:

By Product

  • ASIC
  • GPU
  • Others

By Application

  • Bitcoin mining
  • Ethereum mining
  • Others

By Geography

  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies the acceptance of cryptocurrency by retailers as one of the prime reasons driving the cryptocurrency mining hardware market growth during the next few years. Also, investments by large semiconductor companies in mining-specific hardware and people's inclination toward digital currency will lead to sizable demand in the market.

The report on the cryptocurrency mining hardware market covers the following areas:

  • Cryptocurrency mining hardware market sizing
  • Cryptocurrency mining hardware market forecast
  • Cryptocurrency mining hardware market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cryptocurrency mining hardware market vendors that include Argo Blockchain Plc, BIT Digital Inc., Bitfarms Ltd., BitMain Group, Canaan Inc., Ebang International Holdings Inc., Elite Mining Inc., ePIC Blockchain Technologies Inc., Genesis Mining Ltd., GMO Internet Group Inc, Helium Systems Inc., HIVE Blockchain Technologies Ltd., Hut 8 Corp., INNOSILICON Technology Ltd., Intelion Mine LLC, Marathon Digital Holdings Inc., NiceHash Ltd., Riot Blockchain Inc., Spacemesh, Shenzhen Jingang Zhuoyue Co. Ltd, and Shenzhen MicroBT Electronics Technology Co. Ltd. Also, the cryptocurrency mining hardware market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Cryptocurrency Mining Hardware Market 2018 - 2022
Historic Market Size - Data Table on Global Cryptocurrency Mining Hardware Market 2018 - 2022 ($ million)
4.2 Product segment analysis 2018 - 2022
Historic Market Size - Product Segment 2018 - 2022 ($ million)
4.3 Application segment analysis 2018 - 2022
Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
6.1 Market segments
Chart on Product - Market share 2023-2028 (%)
Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
6.3 ASIC - Market size and forecast 2023-2028
Chart on ASIC - Market size and forecast 2023-2028 ($ million)
Data Table on ASIC - Market size and forecast 2023-2028 ($ million)
Chart on ASIC - Year-over-year growth 2023-2028 (%)
Data Table on ASIC - Year-over-year growth 2023-2028 (%)
6.4 GPU - Market size and forecast 2023-2028
Chart on GPU - Market size and forecast 2023-2028 ($ million)
Data Table on GPU - Market size and forecast 2023-2028 ($ million)
Chart on GPU - Year-over-year growth 2023-2028 (%)
Data Table on GPU - Year-over-year growth 2023-2028 (%)
6.5 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ million)
Data Table on Others - Market size and forecast 2023-2028 ($ million)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Product
Market opportunity by Product ($ million)
Data Table on Market opportunity by Product ($ million)
7 Market Segmentation by Application
7.1 Market segments
Chart on Application - Market share 2023-2028 (%)
Data Table on Application - Market share 2023-2028 (%)
7.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
7.3 Bitcoin mining - Market size and forecast 2023-2028
Chart on Bitcoin mining - Market size and forecast 2023-2028 ($ million)
Data Table on Bitcoin mining - Market size and forecast 2023-2028 ($ million)
Chart on Bitcoin mining - Year-over-year growth 2023-2028 (%)
Data Table on Bitcoin mining - Year-over-year growth 2023-2028 (%)
7.4 Ethereum mining - Market size and forecast 2023-2028
Chart on Ethereum mining - Market size and forecast 2023-2028 ($ million)
Data Table on Ethereum mining - Market size and forecast 2023-2028 ($ million)
Chart on Ethereum mining - Year-over-year growth 2023-2028 (%)
Data Table on Ethereum mining - Year-over-year growth 2023-2028 (%)
7.5 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ million)
Data Table on Others - Market size and forecast 2023-2028 ($ million)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2023-2028 (%)
Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ million)
Data Table on North America - Market size and forecast 2023-2028 ($ million)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ million)
Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Chart on APAC - Market size and forecast 2023-2028 ($ million)
Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Chart on APAC - Year-over-year growth 2023-2028 (%)
Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Chart on South America - Market size and forecast 2023-2028 ($ million)
Data Table on South America - Market size and forecast 2023-2028 ($ million)
Chart on South America - Year-over-year growth 2023-2028 (%)
Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ million)
Data Table on China - Market size and forecast 2023-2028 ($ million)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Russia - Market size and forecast 2023-2028
Chart on Russia - Market size and forecast 2023-2028 ($ million)
Data Table on Russia - Market size and forecast 2023-2028 ($ million)
Chart on Russia - Year-over-year growth 2023-2028 (%)
Data Table on Russia - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Chart on Germany - Market size and forecast 2023-2028 ($ million)
Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Chart on Germany - Year-over-year growth 2023-2028 (%)
Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 Ireland - Market size and forecast 2023-2028
Chart on Ireland - Market size and forecast 2023-2028 ($ million)
Data Table on Ireland - Market size and forecast 2023-2028 ($ million)
Chart on Ireland - Year-over-year growth 2023-2028 (%)
Data Table on Ireland - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints
11 Competitive Landscape
11.1 Overview
11.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
Overview on factors of disruption
11.4 Industry risks
Impact of key risks on business
12 Competitive Analysis
12.1 Companies profiled
Companies covered
12.2 Market positioning of companies
Matrix on companies position and classification
12.3 BIT Digital Inc.
BIT Digital Inc. - Overview
BIT Digital Inc. - Product / Service
BIT Digital Inc. - Key news
BIT Digital Inc. - Key offerings
12.4 BitMain Group
BitMain Group - Overview
BitMain Group - Product / Service
BitMain Group - Key news
BitMain Group - Key offerings
12.5 Canaan Inc.
Canaan Inc. - Overview
Canaan Inc. - Product / Service
Canaan Inc. - Key news
Canaan Inc. - Key offerings
12.6 Ebang International Holdings Inc.
Ebang International Holdings Inc. - Overview
Ebang International Holdings Inc. - Product / Service
Ebang International Holdings Inc. - Key offerings
12.7 Elite Mining Inc.
Elite Mining Inc. - Overview
Elite Mining Inc. - Product / Service
Elite Mining Inc. - Key offerings
12.8 ePIC Blockchain Technologies Inc.
ePIC Blockchain Technologies Inc. - Overview
ePIC Blockchain Technologies Inc. - Product / Service
ePIC Blockchain Technologies Inc. - Key news
ePIC Blockchain Technologies Inc. - Key offerings
12.9 Helium Systems Inc.
Helium Systems Inc. - Overview
Helium Systems Inc. - Product / Service
Helium Systems Inc. - Key offerings
12.10 HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. - Overview
HIVE Blockchain Technologies Ltd. - Product / Service
HIVE Blockchain Technologies Ltd. - Key news
HIVE Blockchain Technologies Ltd. - Key offerings
12.11 Hut 8 Corp.
Hut 8 Corp. - Overview
Hut 8 Corp. - Product / Service
Hut 8 Corp. - Key news
Hut 8 Corp. - Key offerings
12.12 INNOSILICON Technology Ltd.
INNOSILICON Technology Ltd. - Overview
INNOSILICON Technology Ltd. - Product / Service
INNOSILICON Technology Ltd. - Key offerings
12.13 Intelion Mine LLC
Intelion Mine LLC - Overview
Intelion Mine LLC - Product / Service
Intelion Mine LLC - Key offerings
12.14 Marathon Digital Holdings Inc.
Marathon Digital Holdings Inc. - Overview
Marathon Digital Holdings Inc. - Product / Service
Marathon Digital Holdings Inc. - Key news
Marathon Digital Holdings Inc. - Key offerings
12.15 Riot Blockchain Inc.
Riot Blockchain Inc. - Overview
Riot Blockchain Inc. - Business segments
Riot Blockchain Inc. - Key news
Riot Blockchain Inc. - Key offerings
Riot Blockchain Inc. - Segment focus
12.16 Spacemesh
Spacemesh - Overview
Spacemesh - Product / Service
Spacemesh - Key offerings
12.17 Shenzhen Jingang Zhuoyue Co. Ltd
Shenzhen Jingang Zhuoyue Co. Ltd - Overview
Shenzhen Jingang Zhuoyue Co. Ltd - Product / Service
Shenzhen Jingang Zhuoyue Co. Ltd - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
13.3 Currency conversion rates for US$
Currency conversion rates for US$
13.4 Research methodology
Research methodology
13.5 Data procurement
Information sources
13.6 Data validation
Data validation
13.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
13.8 Data synthesis
Data synthesis
13.9 360 degree market analysis
360 degree market analysis
13.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Product
Exhibits 6: Executive Summary - Chart on Market Segmentation by Application
Exhibits 7: Executive Summary - Chart on Incremental Growth
Exhibits 8: Executive Summary - Data Table on Incremental Growth
Exhibits 9: Executive Summary - Chart on Company Market Positioning
Exhibits 10: Parent Market
Exhibits 11: Data Table on - Parent Market
Exhibits 12: Market characteristics analysis
Exhibits 13: Value Chain Analysis
Exhibits 14: Offerings of companies included in the market definition
Exhibits 15: Market segments
Exhibits 16: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 17: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 18: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 19: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 20: Historic Market Size - Data Table on Global Cryptocurrency Mining Hardware Market 2018 - 2022 ($ million)
Exhibits 21: Historic Market Size - Product Segment 2018 - 2022 ($ million)
Exhibits 22: Historic Market Size - Application Segment 2018 - 2022 ($ million)
Exhibits 23: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits 24: Historic Market Size - Country Segment 2018 - 2022 ($ million)
Exhibits 25: Five forces analysis - Comparison between 2023 and 2028
Exhibits 26: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 27: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 29: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 30: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 31: Chart on Market condition - Five forces 2023 and 2028
Exhibits 32: Chart on Product - Market share 2023-2028 (%)
Exhibits 33: Data Table on Product - Market share 2023-2028 (%)
Exhibits 34: Chart on Comparison by Product
Exhibits 35: Data Table on Comparison by Product
Exhibits 36: Chart on ASIC - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Data Table on ASIC - Market size and forecast 2023-2028 ($ million)
Exhibits 38: Chart on ASIC - Year-over-year growth 2023-2028 (%)
Exhibits 39: Data Table on ASIC - Year-over-year growth 2023-2028 (%)
Exhibits 40: Chart on GPU - Market size and forecast 2023-2028 ($ million)
Exhibits 41: Data Table on GPU - Market size and forecast 2023-2028 ($ million)
Exhibits 42: Chart on GPU - Year-over-year growth 2023-2028 (%)
Exhibits 43: Data Table on GPU - Year-over-year growth 2023-2028 (%)
Exhibits 44: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 45: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 46: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 47: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 48: Market opportunity by Product ($ million)
Exhibits 49: Data Table on Market opportunity by Product ($ million)
Exhibits 50: Chart on Application - Market share 2023-2028 (%)
Exhibits 51: Data Table on Application - Market share 2023-2028 (%)
Exhibits 52: Chart on Comparison by Application
Exhibits 53: Data Table on Comparison by Application
Exhibits 54: Chart on Bitcoin mining - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Data Table on Bitcoin mining - Market size and forecast 2023-2028 ($ million)
Exhibits 56: Chart on Bitcoin mining - Year-over-year growth 2023-2028 (%)
Exhibits 57: Data Table on Bitcoin mining - Year-over-year growth 2023-2028 (%)
Exhibits 58: Chart on Ethereum mining - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Data Table on Ethereum mining - Market size and forecast 2023-2028 ($ million)
Exhibits 60: Chart on Ethereum mining - Year-over-year growth 2023-2028 (%)
Exhibits 61: Data Table on Ethereum mining - Year-over-year growth 2023-2028 (%)
Exhibits 62: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 64: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 65: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 66: Market opportunity by Application ($ million)
Exhibits 67: Data Table on Market opportunity by Application ($ million)
Exhibits 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 69: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 70: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 71: Chart on Geographic comparison
Exhibits 72: Data Table on Geographic comparison
Exhibits 73: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 74: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 75: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 76: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 77: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 78: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 79: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 80: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 81: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 82: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 83: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 84: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 85: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 86: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 87: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits 88: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits 89: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 90: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 91: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 92: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 93: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 94: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 95: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 96: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 97: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibits 98: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibits 99: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits 100: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits 101: Chart on Russia - Market size and forecast 2023-2028 ($ million)
Exhibits 102: Data Table on Russia - Market size and forecast 2023-2028 ($ million)
Exhibits 103: Chart on Russia - Year-over-year growth 2023-2028 (%)
Exhibits 104: Data Table on Russia - Year-over-year growth 2023-2028 (%)
Exhibits 105: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 106: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 107: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 108: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 109: Chart on Ireland - Market size and forecast 2023-2028 ($ million)
Exhibits 110: Data Table on Ireland - Market size and forecast 2023-2028 ($ million)
Exhibits 111: Chart on Ireland - Year-over-year growth 2023-2028 (%)
Exhibits 112: Data Table on Ireland - Year-over-year growth 2023-2028 (%)
Exhibits 113: Market opportunity By Geographical Landscape ($ million)
Exhibits 114: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 115: Impact of drivers and challenges in 2023 and 2028
Exhibits 116: Overview on criticality of inputs and factors of differentiation
Exhibits 117: Overview on factors of disruption
Exhibits 118: Impact of key risks on business
Exhibits 119: Companies covered
Exhibits 120: Matrix on companies position and classification
Exhibits 121: BIT Digital Inc. - Overview
Exhibits 122: BIT Digital Inc. - Product / Service
Exhibits 123: BIT Digital Inc. - Key news
Exhibits 124: BIT Digital Inc. - Key offerings
Exhibits 125: BitMain Group - Overview
Exhibits 126: BitMain Group - Product / Service
Exhibits 127: BitMain Group - Key news
Exhibits 128: BitMain Group - Key offerings
Exhibits 129: Canaan Inc. - Overview
Exhibits 130: Canaan Inc. - Product / Service
Exhibits 131: Canaan Inc. - Key news
Exhibits 132: Canaan Inc. - Key offerings
Exhibits 133: Ebang International Holdings Inc. - Overview
Exhibits 134: Ebang International Holdings Inc. - Product / Service
Exhibits 135: Ebang International Holdings Inc. - Key offerings
Exhibits 136: Elite Mining Inc. - Overview
Exhibits 137: Elite Mining Inc. - Product / Service
Exhibits 138: Elite Mining Inc. - Key offerings
Exhibits 139: ePIC Blockchain Technologies Inc. - Overview
Exhibits 140: ePIC Blockchain Technologies Inc. - Product / Service
Exhibits 141: ePIC Blockchain Technologies Inc. - Key news
Exhibits 142: ePIC Blockchain Technologies Inc. - Key offerings
Exhibits 143: Helium Systems Inc. - Overview
Exhibits 144: Helium Systems Inc. - Product / Service
Exhibits 145: Helium Systems Inc. - Key offerings
Exhibits 146: HIVE Blockchain Technologies Ltd. - Overview
Exhibits 147: HIVE Blockchain Technologies Ltd. - Product / Service
Exhibits 148: HIVE Blockchain Technologies Ltd. - Key news
Exhibits 149: HIVE Blockchain Technologies Ltd. - Key offerings
Exhibits 150: Hut 8 Corp. - Overview
Exhibits 151: Hut 8 Corp. - Product / Service
Exhibits 152: Hut 8 Corp. - Key news
Exhibits 153: Hut 8 Corp. - Key offerings
Exhibits 154: INNOSILICON Technology Ltd. - Overview
Exhibits 155: INNOSILICON Technology Ltd. - Product / Service
Exhibits 156: INNOSILICON Technology Ltd. - Key offerings
Exhibits 157: Intelion Mine LLC - Overview
Exhibits 158: Intelion Mine LLC - Product / Service
Exhibits 159: Intelion Mine LLC - Key offerings
Exhibits 160: Marathon Digital Holdings Inc. - Overview
Exhibits 161: Marathon Digital Holdings Inc. - Product / Service
Exhibits 162: Marathon Digital Holdings Inc. - Key news
Exhibits 163: Marathon Digital Holdings Inc. - Key offerings
Exhibits 164: Riot Blockchain Inc. - Overview
Exhibits 165: Riot Blockchain Inc. - Business segments
Exhibits 166: Riot Blockchain Inc. - Key news
Exhibits 167: Riot Blockchain Inc. - Key offerings
Exhibits 168: Riot Blockchain Inc. - Segment focus
Exhibits 169: Spacemesh - Overview
Exhibits 170: Spacemesh - Product / Service
Exhibits 171: Spacemesh - Key offerings
Exhibits 172: Shenzhen Jingang Zhuoyue Co. Ltd - Overview
Exhibits 173: Shenzhen Jingang Zhuoyue Co. Ltd - Product / Service
Exhibits 174: Shenzhen Jingang Zhuoyue Co. Ltd - Key offerings
Exhibits 175: Inclusions checklist
Exhibits 176: Exclusions checklist
Exhibits 177: Currency conversion rates for US$
Exhibits 178: Research methodology
Exhibits 179: Information sources
Exhibits 180: Data validation
Exhibits 181: Validation techniques employed for market sizing
Exhibits 182: Data synthesis
Exhibits 183: 360 degree market analysis
Exhibits 184: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global cryptocurrency mining hardware market: Argo Blockchain Plc, BIT Digital Inc., Bitfarms Ltd., BitMain Group, Canaan Inc., Ebang International Holdings Inc., Elite Mining Inc., ePIC Blockchain Technologies Inc., Genesis Mining Ltd., GMO Internet Group Inc, Helium Systems Inc., HIVE Blockchain Technologies Ltd., Hut 8 Corp., INNOSILICON Technology Ltd., Intelion Mine LLC, Marathon Digital Holdings Inc., NiceHash Ltd., Riot Blockchain Inc., Spacemesh, Shenzhen Jingang Zhuoyue Co. Ltd, and Shenzhen MicroBT Electronics Technology Co. Ltd.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is acceptance of cryptocurrency by retailers."

According to the report, one of the major drivers for this market is the profitability of cryptocurrency mining ventures.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Argo Blockchain Plc
  • BIT Digital Inc.
  • Bitfarms Ltd.
  • BitMain Group
  • Canaan Inc.
  • Ebang International Holdings Inc.
  • Elite Mining Inc.
  • ePIC Blockchain Technologies Inc.
  • Genesis Mining Ltd.
  • GMO Internet Group Inc
  • Helium Systems Inc.
  • HIVE Blockchain Technologies Ltd.
  • Hut 8 Corp.
  • INNOSILICON Technology Ltd.
  • Intelion Mine LLC
  • Marathon Digital Holdings Inc.
  • NiceHash Ltd.
  • Riot Blockchain Inc.
  • Spacemesh
  • Shenzhen Jingang Zhuoyue Co. Ltd
  • Shenzhen MicroBT Electronics Technology Co. Ltd