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Bitcoin Mining Hardware Market to Reach $1.7 Billion, Globally, by 2031 at 12.6% CAGR | CoinDesk, BIOSTAR Group, Compass Mining, Inc., Bitcoin Merch, CoinWarz,

Bitcoin Mining Hardware Market to Reach $1.7 Billion, Globally, by 2031 at 12.6% CAGR | CoinDesk, BIOSTAR Group, Compass M...
Global Opportunity Analysis and Industry Forecast 2021 2031 According to the report the global bitcoin mining hardware industry generated 528 9 million in 2021 and is estimated to reach 1 7 billion by 2031 witnessing a CAGR of 12 6 ...

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The global bitcoin mining hardware market is expected to reach $1.7 billion by 2031, with a compound annual growth rate of 12.6%. Improved data transparency across payments in banks, financial services, and other business sectors is driving this growth, but a lack of awareness about bitcoin mining in emerging economies is hindering it. The surge in need to share financial details with consumers during the pandemic led to a significant rise in the adoption of bitcoins by several financial institutions across the world, which impacted the global bitcoin mining hardware market positively. The application-specific integrated circuit segment is expected to maintain its dominance during the forecast period, and the two-factor authentication segment is expected to retain its dominance by 2031. The personal segment contributed to the highest revenue in 2021, and Asia-Pacific garnered the highest share in 2021. The report also provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bitcoin mining hardware market forecast from 2022 to 2031. Major countries in each region are mapped according to their revenue contribution to the global market. The report also includes the analysis of the regional as well as global bitcoin mining hardware market trends, key players, market segments, application areas, and market growth strategies.

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