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Market Research Report
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1075587

Global Cryptocurrency Mining Market Size study, by Mining Enterprise by Revenue Source by Mining Type by Hardware and Regional Forecasts 2022-2028
Published: | Bizwit Research & Consulting LLP | Delivery time: 2-3 business days

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Global Cryptocurrency Mining Market Size study, by Mining Enterprise by Revenue Source by Mining Type by Hardware and Regional Forecasts 2022-2028
Published: May 9, 2022
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

Global Cryptocurrency Mining Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Bitcoin and numerous other cryptocurrencies use cryptocurrency mining to create new coins and validate new transactions. The increasing merger and acquisition by the key market player has led the adoption of Cryptocurrency Mining across the forecast period. For Instance: in January 2022, Hut 8 Mining Corp. announced the acquisition of TeraGo Inc.'s cloud and co-location data centre business. The deal includes five data centres in Canada, as well as a full suite of scalable cloud services. As a result, the company will be able to develop its business and consumer base in the market. Also, the market is seeing an increase in demand for mining pools, as well as improved mining machines, the adoption & demand for Cryptocurrency Mining is likely to increase the market growth during the forecast period. However, the high transaction fees associated with it may limit the market's expansion over the forecast period of 2022-2028.

The key regions considered for the global Cryptocurrency Mining market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. Because of increased usage from payment systems like PayPal, the United States dominates the North American area. This will provide considerably more individuals simple access to cryptocurrencies. During the projection period, cryptocurrency usage in main applications is expected to fuel market growth. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Due to the presence of significant key players such as Canaan Inc. and Shenzhen Microbt Electronics Technology Co. Ltd. in the Asia-Pacific region would create lucrative growth prospects for the Cryptocurrency Mining market across Asia-Pacific region.

Major market player included in this report are:

Canaan Inc.

Argo Blockchain

HIVE Blockchain Technologies Ltd.

Bit Digital, Inc.

Riot Blockchain, Inc.

ViaBTC

Braiins Systems s.r.o.

F2Pool

Genesis Mining Ltd.

BITMAIN Technologies Holding Company

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Mining Enterprise:

Large Miners

Small Miners

By Revenue Source:

Transaction Fees

Block Rewards

By Mining Type:

Self-Mining

Cloud Mining Services

Remote Hosting Services

By Hardware:

ASIC

GPU

CPU

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020

Base year - 2021

Forecast period - 2022 to 2028

Target Audience of the Global Cryptocurrency Mining Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
    • 1.2.1. Cryptocurrency Mining Market, by Region, 2020-2028 (USD Billion)
    • 1.2.2. Cryptocurrency Mining Market, by Mining Enterprise, 2020-2028 (USD Billion)
    • 1.2.3. Cryptocurrency Mining Market, by Revenue Source, 2020-2028 (USD Billion)
    • 1.2.4. Cryptocurrency Mining Market, by Mining Type, 2020-2028 (USD Billion)
    • 1.2.5. Cryptocurrency Mining Market, by Hardware, 2020-2028 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Cryptocurrency Mining Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Cryptocurrency Mining Market Dynamics

  • 3.1. Cryptocurrency Mining Market Impact Analysis (2020-2028)
    • 3.1.1. Market Drivers
      • 3.1.1.1. Increasing merger and acquisition by the key market player
    • 3.1.2. Market Challenges
      • 3.1.2.1. High transaction fees associated with cryptocurrency mining
    • 3.1.3. Market Opportunities
      • 3.1.3.1. Increasing demand for mining pool

Chapter 4. Global Cryptocurrency Mining Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion
  • 4.5. Top investment opportunity
  • 4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

    • 5.1.1. Assessment of the overall impact of COVID-19 on the industry
    • 5.1.2. Pre COVID-19 and post COVID-19 market scenario

Chapter 6. Global Cryptocurrency Mining Market, by Mining Enterprise

  • 6.1. Market Snapshot
  • 6.2. Global Cryptocurrency Mining Market by Mining Enterprise, Performance - Potential Analysis
  • 6.3. Global Cryptocurrency Mining Market Estimates & Forecasts by Mining Enterprise 2018-2028 (USD Billion)
  • 6.4. Cryptocurrency Mining Market, Sub Segment Analysis
    • 6.4.1. Large Miners
    • 6.4.2. Small Miners

Chapter 7. Global Cryptocurrency Mining Market, by Revenue Source

  • 7.1. Market Snapshot
  • 7.2. Global Cryptocurrency Mining Market by Revenue Source, Performance - Potential Analysis
  • 7.3. Global Cryptocurrency Mining Market Estimates & Forecasts by Revenue Source 2018-2028 (USD Billion)
  • 7.4. Cryptocurrency Mining Market, Sub Segment Analysis
    • 7.4.1. Transaction Fees
    • 7.4.2. Block Rewards

Chapter 8. Global Cryptocurrency Mining Market, by Mining Type

  • 8.1. Market Snapshot
  • 8.2. Global Cryptocurrency Mining Market by Mining Type, Performance - Potential Analysis
  • 8.3. Global Cryptocurrency Mining Market Estimates & Forecasts by Mining Type 2018-2028 (USD Billion)
  • 8.4. Cryptocurrency Mining Market, Sub Segment Analysis
    • 8.4.1. Self-Mining
    • 8.4.2. Cloud Mining Services
    • 8.4.3. Remote Hosting Services

Chapter 9. Global Cryptocurrency Mining Market, by Hardware

  • 9.1. Market Snapshot
  • 9.2. Global Cryptocurrency Mining Market by Hardware, Performance - Potential Analysis
  • 9.3. Global Cryptocurrency Mining Market Estimates & Forecasts by Hardware 2018-2028 (USD Billion)
  • 9.4. Cryptocurrency Mining Market, Sub Segment Analysis
    • 9.4.1. ASIC
    • 9.4.2. GPU
    • 9.4.3. CPU
    • 9.4.4. Others

Chapter 10. Global Cryptocurrency Mining Market, Regional Analysis

  • 10.1. Cryptocurrency Mining Market, Regional Market Snapshot
  • 10.2. North America Cryptocurrency Mining Market
    • 10.2.1. U.S. Cryptocurrency Mining Market
      • 10.2.1.1. Mining Enterprise breakdown estimates & forecasts, 2018-2028
      • 10.2.1.2. Revenue Source breakdown estimates & forecasts, 2018-2028
      • 10.2.1.3. Mining Type breakdown estimates & forecasts, 2018-2028
      • 10.2.1.4. Hardware breakdown estimates & forecasts, 2018-2028
    • 10.2.2. Canada Cryptocurrency Mining Market
  • 10.3. Europe Cryptocurrency Mining Market Snapshot
    • 10.3.1. U.K. Cryptocurrency Mining Market
    • 10.3.2. Germany Cryptocurrency Mining Market
    • 10.3.3. France Cryptocurrency Mining Market
    • 10.3.4. Spain Cryptocurrency Mining Market
    • 10.3.5. Italy Cryptocurrency Mining Market
    • 10.3.6. Rest of Europe Cryptocurrency Mining Market
  • 10.4. Asia-Pacific Cryptocurrency Mining Market Snapshot
    • 10.4.1. China Cryptocurrency Mining Market
    • 10.4.2. India Cryptocurrency Mining Market
    • 10.4.3. Japan Cryptocurrency Mining Market
    • 10.4.4. Australia Cryptocurrency Mining Market
    • 10.4.5. South Korea Cryptocurrency Mining Market
    • 10.4.6. Rest of Asia Pacific Cryptocurrency Mining Market
  • 10.5. Latin America Cryptocurrency Mining Market Snapshot
    • 10.5.1. Brazil Cryptocurrency Mining Market
    • 10.5.2. Mexico Cryptocurrency Mining Market
  • 10.6. Rest of The World Cryptocurrency Mining Market

Chapter 11. Competitive Intelligence

  • 11.1. Top Market Strategies
  • 11.2. Company Profiles
    • 11.2.1. Canaan Inc.
      • 11.2.1.1. Key Information
      • 11.2.1.2. Overview
      • 11.2.1.3. Financial (Subject to Data Availability)
      • 11.2.1.4. Product Summary
      • 11.2.1.5. Recent Developments
    • 11.2.2. Argo Blockchain
    • 11.2.3. HIVE Blockchain Technologies Ltd.
    • 11.2.4. Bit Digital, Inc.
    • 11.2.5. Riot Blockchain, Inc.
    • 11.2.6. ViaBTC
    • 11.2.7. Braiins Systems s.r.o.
    • 11.2.8. F2Pool
    • 11.2.9. Genesis Mining Ltd.
    • 11.2.10. BITMAIN Technologies Holding Company

Chapter 12. Research Process

  • 12.1. Research Process
    • 12.1.1. Data Mining
    • 12.1.2. Analysis
    • 12.1.3. Market Estimation
    • 12.1.4. Validation
    • 12.1.5. Publishing
  • 12.2. Research Attributes
  • 12.3. Research Assumption

LIST OF TABLES

  • TABLE 1. Global Cryptocurrency Mining market, report scope
  • TABLE 2. Global Cryptocurrency Mining market estimates & forecasts by Region 2018-2028 (USD Billion)
  • TABLE 3. Global Cryptocurrency Mining market estimates & forecasts by Mining Enterprise 2018-2028 (USD Billion)
  • TABLE 4. Global Cryptocurrency Mining market estimates & forecasts by Revenue Source 2018-2028 (USD Billion)
  • TABLE 5. Global Cryptocurrency Mining market estimates & forecasts by Mining Type 2018-2028 (USD Billion)
  • TABLE 6. Global Cryptocurrency Mining market estimates & forecasts by Hardware 2018-2028 (USD Billion)
  • TABLE 7. Global Cryptocurrency Mining market by segment, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 8. Global Cryptocurrency Mining market by region, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 9. Global Cryptocurrency Mining market by segment, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 10. Global Cryptocurrency Mining market by region, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 11. Global Cryptocurrency Mining market by segment, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 12. Global Cryptocurrency Mining market by region, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 13. Global Cryptocurrency Mining market by segment, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 14. Global Cryptocurrency Mining market by region, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 15. Global Cryptocurrency Mining market by segment, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 16. Global Cryptocurrency Mining market by region, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 17. U.S. Cryptocurrency Mining market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 18. U.S. Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 19. U.S. Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 20. Canada Cryptocurrency Mining market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 21. Canada Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 22. Canada Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 23. UK Cryptocurrency Mining market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 24. UK Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 25. UK Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 26. Germany Cryptocurrency Mining market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 27. Germany Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 28. Germany Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 29. RoE Cryptocurrency Mining market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 30. RoE Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 31. RoE Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 32. China Cryptocurrency Mining market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 33. China Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 34. China Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 35. India Cryptocurrency Mining market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 36. India Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 37. India Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 38. Japan Cryptocurrency Mining market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 39. Japan Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 40. Japan Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 41. RoAPAC Cryptocurrency Mining market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 42. RoAPAC Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 43. RoAPAC Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 44. Brazil Cryptocurrency Mining market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 45. Brazil Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 46. Brazil Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 47. Mexico Cryptocurrency Mining market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 48. Mexico Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 49. Mexico Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 50. RoLA Cryptocurrency Mining market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 51. RoLA Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 52. RoLA Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 53. Row Cryptocurrency Mining market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 54. Row Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 55. Row Cryptocurrency Mining market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 56. List of secondary sources, used in the study of global Cryptocurrency Mining market
  • TABLE 57. List of primary sources, used in the study of global Cryptocurrency Mining market
  • TABLE 58. Years considered for the study
  • TABLE 59. Exchange rates considered

LIST OF FIGURES

List of figures

  • FIG 1. Global Cryptocurrency Mining market, research methodology
  • FIG 2. Global Cryptocurrency Mining market, market estimation techniques
  • FIG 3. Global market size estimates & forecast methods
  • FIG 4. Global Cryptocurrency Mining market, key trends 2021
  • FIG 5. Global Cryptocurrency Mining market, growth prospects 2022-2028
  • FIG 6. Global Cryptocurrency Mining market, porters 5 force model
  • FIG 7. Global Cryptocurrency Mining market, pest analysis
  • FIG 8. Global Cryptocurrency Mining market, value chain analysis
  • FIG 9. Global Cryptocurrency Mining market by segment, 2018 & 2028 (USD Billion)
  • FIG 10. Global Cryptocurrency Mining market by segment, 2018 & 2028 (USD Billion)
  • FIG 11. Global Cryptocurrency Mining market by segment, 2018 & 2028 (USD Billion)
  • FIG 12. Global Cryptocurrency Mining market by segment, 2018 & 2028 (USD Billion)
  • FIG 13. Global Cryptocurrency Mining market by segment, 2018 & 2028 (USD Billion)
  • FIG 14. Global Cryptocurrency Mining market, regional snapshot 2018 & 2028
  • FIG 15. North America Cryptocurrency Mining market 2018 & 2028 (USD Billion)
  • FIG 16. Europe Cryptocurrency Mining market 2018 & 2028 (USD Billion)
  • FIG 17. Asia pacific Cryptocurrency Mining market 2018 & 2028 (USD Billion)
  • FIG 18. Latin America Cryptocurrency Mining market 2018 & 2028 (USD Billion)
  • FIG 19. Global Cryptocurrency Mining market, company market share analysis (2021)