Analysis: Bitcoin mining chips and hardware market to reach $20 billion in the next five years

Bernstein analysts said the market for bitcoin mining chips and hardware could reach $20 billion in the next five years. A report pointed out that the bitcoin mining hardware market has historically been dominated by Chinese companies such as Bitmain, with a market share of more than 80%. However, the new chips launched by Block and Auradine in the United States herald opportunities for supply chain diversification and provide opportunities to compete in advanced chip designs and gain global foundry manufacturing capabilities. (The Block)