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Global Cryptocurrency Mining Research Report 2023-2028: Evolutions in Hardware Technology Fostering Growth

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2 years ago

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Global Cryptocurrency Mining Research Report 2023-2028: Evolutions in Hardware Technology Fostering Growth

DUBLIN, Sept. 19, 2023 /PRNewswire/ — The “Global Cryptocurrency Mining Market Report and Forecast 2023-2028″ report has been added to  ResearchAndMarkets.com’s offering.

 

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Global cryptocurrency mining market reached a value of USD 2.61 billion in 2022. Aided by the rising interest in digital currencies and the expanding applications of blockchain technology across various sectors, the market is projected to further grow at a CAGR of 9.15% between 2023 and 2028 to reach a value of USD 3.95 billion by 2028.

The global cryptocurrency mining market is witnessing substantial growth driven by increasing public interest in cryptocurrencies and their potential as alternative investments.

Cryptocurrency mining, a resource-intensive computational process, plays a pivotal role in verifying and recording digital asset transactions on the blockchain. Popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin are frequently mined, creating a demand surge for sophisticated computer systems and energy resources.

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Moreover, the adoption of blockchain technology across various industries, such as finance, logistics, healthcare, and real estate, contributes to the market’s expansion. Blockchain’s decentralized and transparent nature enhances operational efficiency, indirectly boosting cryptocurrency mining activities.

Technological advancements, notably Application-Specific Integrated Circuits (ASICs), have enhanced mining efficiency, enabling more participants to engage in cryptocurrency mining. This evolution in hardware technology attracts a broader user base to the cryptocurrency mining sector, fostering its continuous growth.

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Some of the major key players explored in the report are as follows:

  • Binance Holdings
  • BIT Mining Limited
  • Greenidge Generation Holdings Inc.
  • Genesis Mining Ltd.
  • NiceHash
  • Bitmain Technologies Ltd.
  • Bitfury Group Limited
  • Startminer
  • Riot Platforms, Inc.
  • BeMine

Market Segmentation

Market Breakup by Mining Type

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  • Self-Mining
  • Cloud Mining Services
  • Remote Hosting Services

Market Breakup by Hardware

Market Breakup by Mining Enterprise

Market Breakup by Revenue Source

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  • Transaction Fees
  • Block Rewards

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

For more information about this report visit https://www.researchandmarkets.com/r/ri4gst

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About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com 

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

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View original content:https://www.prnewswire.com/news-releases/global-cryptocurrency-mining-research-report-2023-2028-evolutions-in-hardware-technology-fostering-growth-301932380.html

SOURCE Research and Markets

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Lightchain AI Ramps Up Development on Decentralized Inference, Rewards, and Federated Training Systems – Press release Bitcoin News

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9 hours ago

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June 25, 2025

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Lightchain AI Ramps Up Development on Decentralized Inference, Rewards, and Federated Training Systems – Press release Bitcoin News
Lightchain AI, the pioneering Layer-1 protocol fusing blockchain infrastructure with decentralized artificial intelligence, has announced the development of several new components aimed at scaling its vision of on-chain AI services.
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Local authorities freeze stolen cryptocurrency in money laundering investigation | eKathimerini.com

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1 day ago

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June 24, 2025

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Local authorities freeze stolen cryptocurrency in money laundering investigation | eKathimerini.com

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The Anti-Money Laundering Authority has taken a significant step in a complex investigation involving stolen cryptocurrency, marking the first time in Greece that crypto assets have been frozen and identified as proceeds of crime.

The case has drawn international attention, with the US Federal Bureau of Investigation (FBI) issuing a public alert confirming the freezing of suspicious digital assets.

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The investigation began last month when the Authority received information about a suspicious transaction involving a registered user on a Greek-based cryptocurrency exchange platform.

Further checks revealed that the user’s Ethereum wallet had received a large amount of digital currency,  which was later traced back to a major international theft.

The funds originated from the Bybit hack, disclosed in February, in which hackers stole approximately $1.5 billion worth of Ethereum – the largest theft of its kind to date. This incident surpassed the 2022 Ronin Network breach, in which $620 million in Ethereum and USD Coin were stolen.

Following the analysis, the Authority issued a Seizure Order for the wallet and the crypto assets it contained. The relevant documentation has been forwarded to the Prosecutorial Authority for further investigation.

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Bitget Launchpool to List DeLorean (DMC), Offering 66 Million Tokens in Rewards – Branded Spotlight Bitcoin News

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2 days ago

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June 23, 2025

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Bitget Launchpool to List DeLorean (DMC), Offering 66 Million Tokens in Rewards – Branded Spotlight Bitcoin News
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the upcoming listing of DeLorean (DMC) on its Launchpool platform, with a total reward pool of 66,176,000 DMC tokens. Participants will have the opportunity to lock BGB or DMC tokens to earn a share of the reward allocation. The locking period will begin on June 24, 2025, at 11:00 UTC and conclude on June 26, 2025, at 11:00 UTC.
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