Cryptocurrency mining refers to the principle of block chain technology which includes the assembling of transactions into blocks and then executes multiple computations, which further seal those blocks. The main advantage of cryptocurrency mining is that it verifies the transaction and in return provides transaction fees and new block.
The adoption of cryptocurrency mining services such as cloud mining services and remote hosting services is increasing in the developed regions. This factor is estimated to showcase a significant growth in the global cryptocurrency mining equipment market over the forecast period. Apart from this, increasing technological advancement in GPUs and ASICs is providing the miners with higher probability. This factor is expected to increase the growth of global cryptocurrency mining equipment market over the forecast period.

Market Analysis and Insights: Global Cryptocurrency Mining Equipment Market
In 2020, the global Cryptocurrency Mining Equipment market size was US$ 1197.6 million and it is expected to reach US$ 2498 million by the end of 2027, with a CAGR of 10.6% between 2021 and 2027
Global Cryptocurrency Mining Equipment Scope and Market Size
The global Cryptocurrency Mining Equipment market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Cryptocurrency Mining Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.

Segment by Type
CPU Mining
Graphics Processing Units (GPUs)
Field Programmable Gate Arrays (FPGAs)
Application Specific Integrated Circuits (ASICs)
Others

Segment by Application
Self-Mining
Cloud Mining Services
Remote Hosting Services
Others

By Company
Samsung Electronics
NVIDIA Graphics
Advanced Micro Devices
Russian Miner Coin
Halong Mining
Zhejiang Ebang Communication
Bitmain Technologies
Canaan Creative
TSMC
BitFury

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE