Cryptocurrency Mining Market, By Mining Enterprises, By Mining Type, By Revenue Source, By Geography

Description

Global cryptocurrency mining market is estimated to be valued at US$ 2.24 Bn in 2024 and is expected to reach US$ 4.03 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 2.24 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	8.70%	2031 Value Projection:	US$ 4.03 Bn

Figure. Cryptocurrency Mining Market Share (%), By Region 2024

Global cryptocurrency mining market refers to the computational process of validating and adding cryptocurrency transactions to a distributed public ledger named blockchain. Cryptocurrency mining requires powerful computer processors and hardware, in order to solve computationally intensive algorithms that verify transactions on a blockchain and awards cryptocurrency to the participating mining nodes for their successful validation and transaction processing. Miners play an important role in a cryptocurrency's ecosystem and keep the network secure by validating transactions on the blockchain through a process known as proof-of-work. Factors such as rising popularity of digital currencies like Bitcoin and Ethereum and investments by major technology companies in mining infrastructure can drive the global cryptocurrency mining market growth.

Market Dynamics:

Global cryptocurrency mining market growth is driven by factors such as increasing institutional investments in mining infrastructure, rising interest in digital currencies and their volatility providing profit opportunities to miners. However, high energy costs associated with power-intensive mining operations and fluctuating values and future regulations surrounding cryptocurrencies can hamper the market growth. Meanwhile, technological advancements in mining hardware solutions delivering higher processing speeds and lower power consumption can offer new opportunities for the market growth. Major companies are investing in mining farms located in areas with surplus electricity at competitive prices to lower operational costs and gain scale advantages.

Key features of the study:

This report provides in-depth analysis of the global cryptocurrency mining market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global cryptocurrency mining market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Argo Blockchain, ASICminer Company, Bit Digital, Inc., BITMAIN Technologies Holding Company, Braiins Systems s.r.o., Canaan Inc., Core Scientific, F2Pool, Genesis Mining Ltd., HIVE Blockchain Technologies Ltd., Hut 8 Mining Corp., iMining Technologies Inc., MinerGate, Miningstore, Riot Blockchain, Inc.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global cryptocurrency mining market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cryptocurrency mining market

Detailed Segmentation:

By Mining Enterprises
- Small Miners
- Large Miners
By Mining Type
- Self-mining
- Cloud Mining
- Remote Hosting Services
By Revenue Source
- Block Rewards
- Transaction Fees
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- Argo Blockchain
- ASICminer Company
- Bit Digital, Inc.
- BITMAIN Technologies Holding Company
- Braiins Systems s.r.o.
- Canaan Inc.
- Core Scientific
- F2Pool
- Genesis Mining Ltd.
- HIVE Blockchain Technologies Ltd.
- Hut 8 Mining Corp.
- iMining Technologies Inc.
- MinerGate
- Miningstore
- Riot Blockchain, Inc.

Product Code: CMI1099

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Mining Enterprises
- Market Snippet, By Mining Type
- Market Snippet, By Revenue Source
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Cryptocurrency Mining Market, By Mining Enterprises, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Small Miners
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Large Miners
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Cryptocurrency Mining Market, By Mining Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Self-mining
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Cloud Mining
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Remote Hosting Services
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Cryptocurrency Mining Market, By Revenue Source, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Block Rewards
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Transaction Fees
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

7. Global Cryptocurrency Mining Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Mining Enterprises, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Mining Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Revenue Source, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Mining Enterprises, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Mining Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Revenue Source, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Germany
  - U.K
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Mining Enterprises, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Mining Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Revenue Source, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Mining Enterprises, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Mining Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Revenue Source, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Mining Enterprises, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Mining Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Revenue Source, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - Israel
  - GCC Countries
  - Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- Argo Blockchain
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- ASICminer Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Bit Digital, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- BITMAIN Technologies Holding Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Braiins Systems s.r.o.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Canaan Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Core Scientific
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- F2Pool
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Genesis Mining Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- HIVE Blockchain Technologies Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Hut 8 Mining Corp.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- iMining Technologies Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- MinerGate
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Miningstore
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Riot Blockchain, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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