NewsLayer

Install NewsLayer

Get the app experience — one tap from your home screen, instant loads and breaking-news alerts.

NewsLayer.com
LatestDaily BriefMarkets
NewsLayer PulseLIVE₿BTC$83,665+0.95%ΞETH$2,536+1.38%◎SOL$111.1+1.18%✕XRP$1.41+0.97%ÐDOGE$0.0867+1.38%₳ADA$0.2519+1.95%Total Cap$2.96T+0.93%24H Vol$72.4BLayer Index46 Neutral
BreakingLedger attack spreads to EU, AI finds ’18 trillion XRP’ bug: Hodler’s Digest한 시간 전
Markets
HomeCryptoMarkets

Crypto|Markets

Cryptocurrency Mining Hardware Market Size | CAGR 8.4%

Market.us reports that the cryptocurrency mining hardware market is projected to grow at a compound annual growth rate of 8.4%. The excerpt does not provide the market’s current size, forecast period, regional breakdown, or specific…

Market.us

Publisher

Aug 10, 2026 at 11:17 AM UTC · 9 분 소요

Cryptocurrency Mining Hardware Market Size | CAGR 8.4%
NewsLayer editorial artwork

Key Signal

$2.31B 2024 global market value

Market Impact

BTC+0.95%$83,665

Last Updated

2달 전

번역 중…

핵심 요약

  • The reported CAGR for the cryptocurrency mining hardware market is 8.4%.
  • The source named in the excerpt is Market.us.
  • No detailed market-size figure or methodology is included in the provided information.

Report Overview

In 2024, the Global Cryptocurrency Mining Hardware Market was valued at USD 2.31 billion. The market is projected to grow at a CAGR of 8.4% during 2024–2034, reaching approximately USD 5.17 billion by 2034. North America dominated the global market in 2024, accounting for 34.41% of the total market share and generating approximately USD 0.79 billion in revenue.

This growth is closely tied to the rising computational demand of the Bitcoin network, whose global hash rate climbed roughly fivefold, from below 200 exahashes per second (EH/s) a few years ago to around 955 EH/s by August 2025, according to industry hash rate trackers cited alongside JPMorgan data. Higher hash rate means miners need more processing power per unit of reward, which pushes operators to keep buying newer, faster mining rigs (ASICs) to stay competitive.

The U.S. Energy Information Administration (EIA) reports that electricity demand tied to U.S. crypto mining has grown very rapidly, with the Cambridge Bitcoin Electricity Consumption Index estimating global Bitcoin mining power draw at around 19.0 gigawatts as of January 2024, translating into roughly 170 TWh of annual electricity use.

This scale of power draw only exists because mining hardware fleets have expanded significantly, directly supporting hardware demand and, in turn, market revenue. The EIA notes that the United States accounts for close to 38% of global Bitcoin mining activity, drawing between 25 TWh and 91 TWh of the nation’s power supply for mining operations, which is comparable to the annual electricity use of three to six million homes.

Market Context

₿

Bitcoin

BTC

$83,666

+0.95% (24H)

$83,829$83,283$82,737
1 AM8 AM4 PM12 AM

Market Cap

$1.68T

Circulating Supply

20.1M BTC

24H Volume

$15.2B

24H High

$84,126

View Bitcoin Market Page

Article Intelligence

Topics

cryptomarkets

Sponsored

Ad
House — Advertise on NewsLayer
NewsLayerLearn more

NewsLayer Premium

Unlock deeper intelligence.

Ad-free reading, exclusive research, and real-time onchain insights.

Go Premium
NewsLayer.com

The front page of the onchain economy. Crypto, Web3 and regulation intelligence — live prices, original research and policy tracking in one layer.

Follow on XTelegram

News

  • Latest News
  • The Daily Brief
  • Crypto
  • DeFi
  • Policy
  • Web3
  • Blockchain
  • Explainers

Markets

  • Market News
  • Layer Index
  • Live Charts
  • DeFi Protocols
  • Regulation Tracker
  • Regulation Radar

Company

  • About NewsLayer
  • Advertise
  • PR Publication
  • Become an Author
  • Our Authors
  • Create Account
  • Sign in

Resources

  • Research
  • NewsLayer Originals
  • My Feed
  • Search
  • AI Sector
  • Quantum Sector

NewsLayer Premium

Read the full layer.

Unlock premium intelligence, original research and an ad-free reading experience.

  • Premium Intelligence briefings
  • Ad-free reading experience
  • Members-only research & data
Go Premium

© 2026 NewsLayer.com — The front page of the onchain economy

Privacy Policy·Terms of Service
NewsLayer

Get the signal, not the noise.

Markets, regulation and onchain intelligence in a 5-minute morning read — plus breaking alerts and Layer Index flips as they happen.

The Daily Brief

Breaking alerts

Index flips

Free · No spam · Unsubscribe anytime