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The cryptocurrency mining hardware market is forecasted to grow by USD 19.76 billion during 2024-2029, accelerating at a CAGR of 14.2% 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.Speak directly to the analyst to clarify any post sales queries you may have.
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 profitability of cryptocurrency mining ventures, growing demand for cryptocurrency-specific hardware, and rising popularity of mining pools.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The cryptocurrency mining hardware market is segmented as below:
By Product
- ASIC
- GPU
- Others
By Application
- Bitcoin mining
- Ethereum mining
- Others
By End-user
- Personal
- Enterprise
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
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 report presents a detailed picture of the market by the 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
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Product
9 Market Segmentation by Application
10 Market Segmentation by End-user
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
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., Shenzhen Jingang Zhuoyue Co. Ltd, Shenzhen MicroBT Electronics Technology Co. Ltd, and Spacemesh.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.
- Shenzhen Jingang Zhuoyue Co. Ltd
- Shenzhen MicroBT Electronics Technology Co. Ltd
- Spacemesh
