The global market for Cryptocurrency Mining was estimated to be worth US$ 14799 million in 2024 and is forecast to a readjusted size of US$ 17907 million by 2031 with a CAGR of 2.8% during the forecast period 2025-2031.
Cryptocurrency mining is a validation of transactions. For this effort, successful miners obtain new cryptocurrency as a reward.
Global Cryptocurrency Mining includes HIVE Blockchain Technologies, Bitfarms, Hut 8 Mining, Argo Blockchain and Bit Digital, etc. Global top 5 companies hold a share over 3.3%. North America is the largest market, with a share about 53%, followed by Asia-Pacific and Europe with the share about 23% and 22%.
Market Drivers
Rising Popularity of Cryptocurrencies: The growing recognition and acceptance of cryptocurrencies like Bitcoin and Ethereum have boosted the demand for mining. As more investors get involved, the market expands. Nearly all major economies have formulated regulatory frameworks for cryptocurrencies, giving them legal status and legitimacy, which further promotes the development of the mining market.
Profit - making Incentives: Mining offers the opportunity to earn cryptocurrency rewards without having to purchase coins directly from an exchange. The potential for high profits in a short time, compared to long - term financial commitments, attracts many individuals and institutions.
Technological Advancements: The continuous improvement of mining hardware and software, such as the development of more energy - efficient ASIC chips and the application of cloud - based mining software, has improved mining efficiency and reduced costs, thereby promoting the growth of the market.
Market Challenges
Fluctuating Coin Prices: The sharp rise and fall of cryptocurrency prices lead to uncertainty in miners' revenues, affecting the stability and profitability of mining.
High Power Costs: Cryptocurrency mining is an electricity - intensive process, and high power costs can significantly reduce miners' profits.
Stringent Regulatory Policies: Many countries have implemented restrictive policies on mining due to environmental concerns and regulatory requirements, which has a certain impact on the development of the market.
Supply Chain Issues: The shortage of graphics cards and other components caused by the pandemic and other factors has disrupted mining operations.
This report aims to provide a comprehensive presentation of the global market for Cryptocurrency Mining, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Cryptocurrency Mining by region & country, by Type, and by Application.
The Cryptocurrency Mining market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cryptocurrency Mining.
Market Segmentation
By Company
- HIVE Blockchain Technologies
- Bitfarms
- Hut 8 Mining
- Argo Blockchain
- Bit Digital
- GMO Internet
- Riot Blockchain
- Core Scientific
- Marathon Digital Holdings
- MGT Capital Investments
- Ault Global Holdings
Segment by Type
- Self-Mining (On-Premise)
- Cloud Mining
- Hosted Mining
- Others
Segment by Application
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Cryptocurrency Mining company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Cryptocurrency Mining in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Cryptocurrency Mining in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Cryptocurrency Mining Product Introduction
- 1.2 Global Cryptocurrency Mining Market Size Forecast (2020-2031)
- 1.3 Cryptocurrency Mining Market Trends & Drivers
- 1.3.1 Cryptocurrency Mining Industry Trends
- 1.3.2 Cryptocurrency Mining Market Drivers & Opportunity
- 1.3.3 Cryptocurrency Mining Market Challenges
- 1.3.4 Cryptocurrency Mining Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Cryptocurrency Mining Players Revenue Ranking (2024)
- 2.2 Global Cryptocurrency Mining Revenue by Company (2020-2025)
- 2.3 Key Companies Cryptocurrency Mining Manufacturing Base Distribution and Headquarters
- 2.4 Key Companies Cryptocurrency Mining Product Offered
- 2.5 Key Companies Time to Begin Mass Production of Cryptocurrency Mining
- 2.6 Cryptocurrency Mining Market Competitive Analysis
- 2.6.1 Cryptocurrency Mining Market Concentration Rate (2020-2025)
- 2.6.2 Global 5 and 10 Largest Companies by Cryptocurrency Mining Revenue in 2024
- 2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Cryptocurrency Mining as of 2024)
- 2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Self-Mining (On-Premise)
- 3.1.2 Cloud Mining
- 3.1.3 Hosted Mining
- 3.1.4 Others
- 3.2 Global Cryptocurrency Mining Sales Value by Type
- 3.2.1 Global Cryptocurrency Mining Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Cryptocurrency Mining Sales Value, by Type (2020-2031)
- 3.2.3 Global Cryptocurrency Mining Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 BTC
- 4.1.2 LTC
- 4.1.3 ETH
- 4.1.4 Others
- 4.2 Global Cryptocurrency Mining Sales Value by Application
- 4.2.1 Global Cryptocurrency Mining Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Cryptocurrency Mining Sales Value, by Application (2020-2031)
- 4.2.3 Global Cryptocurrency Mining Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
- 5.1 Global Cryptocurrency Mining Sales Value by Region
- 5.1.1 Global Cryptocurrency Mining Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Cryptocurrency Mining Sales Value by Region (2020-2025)
- 5.1.3 Global Cryptocurrency Mining Sales Value by Region (2026-2031)
- 5.1.4 Global Cryptocurrency Mining Sales Value by Region (%), (2020-2031)
- 5.2 North America
- 5.2.1 North America Cryptocurrency Mining Sales Value, 2020-2031
- 5.2.2 North America Cryptocurrency Mining Sales Value by Country (%), 2024 VS 2031
- 5.3 Europe
- 5.3.1 Europe Cryptocurrency Mining Sales Value, 2020-2031
- 5.3.2 Europe Cryptocurrency Mining Sales Value by Country (%), 2024 VS 2031
- 5.4 Asia Pacific
- 5.4.1 Asia Pacific Cryptocurrency Mining Sales Value, 2020-2031
- 5.4.2 Asia Pacific Cryptocurrency Mining Sales Value by Region (%), 2024 VS 2031
- 5.5 South America
- 5.5.1 South America Cryptocurrency Mining Sales Value, 2020-2031
- 5.5.2 South America Cryptocurrency Mining Sales Value by Country (%), 2024 VS 2031
- 5.6 Middle East & Africa
- 5.6.1 Middle East & Africa Cryptocurrency Mining Sales Value, 2020-2031
- 5.6.2 Middle East & Africa Cryptocurrency Mining Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Cryptocurrency Mining Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Cryptocurrency Mining Sales Value, 2020-2031
- 6.3 United States
- 6.3.1 United States Cryptocurrency Mining Sales Value, 2020-2031
- 6.3.2 United States Cryptocurrency Mining Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Cryptocurrency Mining Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Cryptocurrency Mining Sales Value, 2020-2031
- 6.4.2 Europe Cryptocurrency Mining Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Cryptocurrency Mining Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Cryptocurrency Mining Sales Value, 2020-2031
- 6.5.2 China Cryptocurrency Mining Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Cryptocurrency Mining Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Cryptocurrency Mining Sales Value, 2020-2031
- 6.6.2 Japan Cryptocurrency Mining Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Cryptocurrency Mining Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Cryptocurrency Mining Sales Value, 2020-2031
- 6.7.2 South Korea Cryptocurrency Mining Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Cryptocurrency Mining Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Cryptocurrency Mining Sales Value, 2020-2031
- 6.8.2 Southeast Asia Cryptocurrency Mining Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Cryptocurrency Mining Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Cryptocurrency Mining Sales Value, 2020-2031
- 6.9.2 India Cryptocurrency Mining Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Cryptocurrency Mining Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 HIVE Blockchain Technologies
- 7.1.1 HIVE Blockchain Technologies Profile
- 7.1.2 HIVE Blockchain Technologies Main Business
- 7.1.3 HIVE Blockchain Technologies Cryptocurrency Mining Products, Services and Solutions
- 7.1.4 HIVE Blockchain Technologies Cryptocurrency Mining Revenue (US$ Million) & (2020-2025)
- 7.1.5 HIVE Blockchain Technologies Recent Developments
- 7.2 Bitfarms
- 7.2.1 Bitfarms Profile
- 7.2.2 Bitfarms Main Business
- 7.2.3 Bitfarms Cryptocurrency Mining Products, Services and Solutions
- 7.2.4 Bitfarms Cryptocurrency Mining Revenue (US$ Million) & (2020-2025)
- 7.2.5 Bitfarms Recent Developments
- 7.3 Hut 8 Mining
- 7.3.1 Hut 8 Mining Profile
- 7.3.2 Hut 8 Mining Main Business
- 7.3.3 Hut 8 Mining Cryptocurrency Mining Products, Services and Solutions
- 7.3.4 Hut 8 Mining Cryptocurrency Mining Revenue (US$ Million) & (2020-2025)
- 7.3.5 Hut 8 Mining Recent Developments
- 7.4 Argo Blockchain
- 7.4.1 Argo Blockchain Profile
- 7.4.2 Argo Blockchain Main Business
- 7.4.3 Argo Blockchain Cryptocurrency Mining Products, Services and Solutions
- 7.4.4 Argo Blockchain Cryptocurrency Mining Revenue (US$ Million) & (2020-2025)
- 7.4.5 Argo Blockchain Recent Developments
- 7.5 Bit Digital
- 7.5.1 Bit Digital Profile
- 7.5.2 Bit Digital Main Business
- 7.5.3 Bit Digital Cryptocurrency Mining Products, Services and Solutions
- 7.5.4 Bit Digital Cryptocurrency Mining Revenue (US$ Million) & (2020-2025)
- 7.5.5 Bit Digital Recent Developments
- 7.6 GMO Internet
- 7.6.1 GMO Internet Profile
- 7.6.2 GMO Internet Main Business
- 7.6.3 GMO Internet Cryptocurrency Mining Products, Services and Solutions
- 7.6.4 GMO Internet Cryptocurrency Mining Revenue (US$ Million) & (2020-2025)
- 7.6.5 GMO Internet Recent Developments
- 7.7 Riot Blockchain
- 7.7.1 Riot Blockchain Profile
- 7.7.2 Riot Blockchain Main Business
- 7.7.3 Riot Blockchain Cryptocurrency Mining Products, Services and Solutions
- 7.7.4 Riot Blockchain Cryptocurrency Mining Revenue (US$ Million) & (2020-2025)
- 7.7.5 Riot Blockchain Recent Developments
- 7.8 Core Scientific
- 7.8.1 Core Scientific Profile
- 7.8.2 Core Scientific Main Business
- 7.8.3 Core Scientific Cryptocurrency Mining Products, Services and Solutions
- 7.8.4 Core Scientific Cryptocurrency Mining Revenue (US$ Million) & (2020-2025)
- 7.8.5 Core Scientific Recent Developments
- 7.9 Marathon Digital Holdings
- 7.9.1 Marathon Digital Holdings Profile
- 7.9.2 Marathon Digital Holdings Main Business
- 7.9.3 Marathon Digital Holdings Cryptocurrency Mining Products, Services and Solutions
- 7.9.4 Marathon Digital Holdings Cryptocurrency Mining Revenue (US$ Million) & (2020-2025)
- 7.9.5 Marathon Digital Holdings Recent Developments
- 7.10 MGT Capital Investments
- 7.10.1 MGT Capital Investments Profile
- 7.10.2 MGT Capital Investments Main Business
- 7.10.3 MGT Capital Investments Cryptocurrency Mining Products, Services and Solutions
- 7.10.4 MGT Capital Investments Cryptocurrency Mining Revenue (US$ Million) & (2020-2025)
- 7.10.5 MGT Capital Investments Recent Developments
- 7.11 Ault Global Holdings
- 7.11.1 Ault Global Holdings Profile
- 7.11.2 Ault Global Holdings Main Business
- 7.11.3 Ault Global Holdings Cryptocurrency Mining Products, Services and Solutions
- 7.11.4 Ault Global Holdings Cryptocurrency Mining Revenue (US$ Million) & (2020-2025)
- 7.11.5 Ault Global Holdings Recent Developments
8 Industry Chain Analysis
- 8.1 Cryptocurrency Mining Industrial Chain
- 8.2 Cryptocurrency Mining Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Cryptocurrency Mining Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Cryptocurrency Mining Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer