Dublin, September 21, 2023 (GLOBE NEWSWIRE) -- The "Global Cryptocurrency Mining Market Report and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global cryptocurrency mining market reached a value of $2.61 billion in 2022. Aided by growing interest in digital currencies and expanding applications of blockchain technology in various sectors, the market is projected to continue growing at a CAGR of 9.15% between 2023 and 2028. reaching a value of $3.95 billion by 2028.
The global cryptocurrency mining market is experiencing substantial growth driven by growing public interest in cryptocurrencies and their potential as alternative investments.
Cryptocurrency mining, a resource-intensive computational process, plays a critical role in verifying and recording digital asset transactions on the blockchain. Popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin are frequently mined, leading to an increase in demand for sophisticated computing systems and energy resources.
Furthermore, the adoption of blockchain technology in various industries such as finance, logistics, healthcare, and real estate is contributing to the expansion of the market. The decentralized and transparent nature of Blockchain improves operational efficiency, indirectly boosting cryptocurrency mining activities.
Technological advances, particularly application-specific integrated circuits (ASICs), have improved mining efficiency, allowing more participants to participate in cryptocurrency mining. This evolution in hardware technology attracts a broader user base to the cryptocurrency mining sector, fostering its continued growth.
Some of the main key players explored in the report are as follows:
- Binance Holdings
- BIT Mining Limited
- Greenidge Generation Holdings Inc.
- Genesis Mining Ltd.
- Good Hash
- Bitmain Technologies Ltd.
- Bitfury Group Limited
- Starting miner
- Riot Platforms, Inc.
- BeMine
Market segmentation
Market breakdown by mining type
- Self-mining
- Cloud mining services
- Remote hosting services
Market breakdown by hardware
Market disintegration by mining company
Market Breakdown by Revenue Source
- Transaction fees
- Lock rewards
Market breakdown by region
- North America
- Europe
- Pacific Asia
- Latin America
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/ajin95
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