Connect with us

Cryptocurrencies News

Cryptocurrency Mining Market To Reach US$ 2.8 Billion By 203…

(MENAFN- Ameliorate Digital Consultancy)
The global cryptocurrency mining market size is expected to grow from USD 1.6 billion in 2021 to USD 2.8 billion by 2030 , at a CAGR of 7.5% from 2022 to 2030. Cryptocurrency mining is a mechanism from which cryptocurrencies generate new coins and validate new transactions. Over the last few years, miners have become very sophisticated, employing complex machinery to speed up mining operations. As a result, companies are developing advanced mining machines for their clients. Furthermore, some businesses are collaborating with others to provide customers with a variety of services. As a result, as the demand for a mining pool grows in the market, so does the demand for advanced mining machines. However, the high transaction fees associated with it may limit the market’s growth.

Advances in technology to make cryptocurrency mining more profitable by reducing power consumption while increasing the hash rates are expected to drive the market’s growth over the forecast period. Over the forecast period, technological advancements to make cryptocurrency mining more profitable by reducing power consumption while increasing hash rates are expected to drive the market’s growth. The increasing use of cryptocurrency for a variety of applications, as well as the subsequent increase in cryptocurrency mining, which is encouraging cryptocurrency miners to form mining pools to pool their computational resources over a network, are both expected to contribute to market growth. The rising popularity of various cryptocurrencies, which is driving demand for cryptocurrency-specific hardware, is expected to play a significant role in propelling market growth. Continued digitalization, the proliferation of smartphones, and the increasing internet penetration rate are some of the other factors that bode well for the market’s growth over the forecast period.

Request Sample Copy of this Report:

Scope of the Global Cryptocurrency Mining Market

The study categorizes the cryptocurrency mining market based on mining enterprise, revenue source, hardware, application, and region.

Direct Purchase Report:

By Mining Enterprise Outlook

Large Miners

Small Miners

By Revenue Source Outlook

Block Rewards

Transaction Fees

By Hardware Outlook By Application Outlook

Remote Hosting Services

Cloud Mining Services


By Region Outlook

North America











the Netherlands




Czech Republic


Rest of Europe

Asia Pacific




South Korea





the Philippines


Australia & New Zealand

Rest of Asia Pacific

South America




Rest of South America

The Middle East & Africa

Saudi Arabia


South Africa

Northern Africa

Rest of MEA

Access full Report Description, TOC, Table of Figure, Chart, etc:

Asia Pacific accounts for the highest CAGR during the forecast period

Based on the regions, the global cryptocurrency mining market has been segmented across North America, Asia–Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is estimated to hold the highest CAGR in the global cryptocurrency mining market during the forecast period. The region includes the countries such as China, India, Japan, South Korea, Australia, Southeast Asia, and Rest of Asia–Pacific. The region’s growth is primarily due to strong economic growth in the domestic emerging countries such as China, Indonesia, Malaysia, and India.

China dominates the Asia-Pacific region due to the presence of major key players such as Canaan Inc., and Shenzhen Microbt Electronics Technology Co. Ltd. Germany leads the European region in cryptocurrency adoption, with Bitcoin and Ethereum being widely used in e-commerce to purchase goods. cryptocurrencies are regularly transferred and traded in Germany, and businesses have made investments in the new digital currency.

Request For Report Description:

Key Market Players

Major players in the global cryptocurrency mining market are:

canaan inc.

hive blockchain technologies ltd.

argo blockchain


Braiins Systems s.r.o.


Bit Digital, Inc.

Riot Blockchain, Inc.

Genesis Mining Ltd.

BITMAIN Technologies Holding Company

Hut 8 Mining Corp.

iMining Technologies Inc.


ASICminer Company



INNOSILICON Technology Ltd.

Shenzhen MicroBT Electronics Technology Co., Ltd

GMO Internet

Core Scientific

Browse Top 5 Industrial Equipment & Machining Market Research Report

Pre-Insulated Pipes Market
Diaphragm Pumps Market
Industrial Gear Market
Intelligent Process Automation Market
Advanced Space Composites Market

About Market Statsville Group

market statsville group (msg) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

MSG has an entire repository of research reports on more than 1,000 niche industries, 3,000 high-growth potentials markets, 5,000 data sets, and more than 12,000 company profiles.

Source link

Trending NEWS