Cryptocurrency Mining Hardware Market to Grow at More Than 10% CAGR by 2023

According to data from Reportlinker, cryptocurrency mining hardware suppliers are investing heavily in the research and development of innovative technologies and new products. In addition, they are adopting different technologies to increase chip hash rates and reduce power consumption, thereby improving cryptocurrency mining efficiency.

One of the growth drivers of the global cryptocurrency mining market is the growing demand for cryptocurrency investment, and an increasing number of new projects will drive the growth of the cryptocurrency mining hardware market.
This has led to an increase in the development of field-programmable gate array (FPGA) processors and application-specific integrated circuits (ASICs), which are chips specifically designed to handle hashing instructions.
Analysts predict that by 2023, the compound annual growth rate (CAGR) of the cryptocurrency mining hardware market will exceed 10%. (New Finance)