Market

Technavio analysts estimate that the market for cryptocurrency mining hardware currently totals US$ 6,4 billion in 2019.  Furthermore, they estimate that the market will grow to US$ 9,2 billion in 2024, a CAGR of over 7,4%. (source: Technavio Cryptocurrency Mining Hardware Market by Product and Geography – Forecast and Analysis 2020-2024)”

Nvidia Corp. designs graphics processing units for the gaming and professional markets, as well as system on a chip units for the mobile computing and automotive market. Nvidia has a market cap of over US$ 300 Billion. Nvidia`s GPUs were popular in mining some years ago but has lost their efficiency advantage over ASICs.