Cryptocurrency Mining Market, By Mining Enterprises (Small Miners and Large Miners), By Mining Type (Self-mining, Cloud Mining, Remote Hosting Services), By Revenue Source (Block Rewards and Transaction Fees), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Jul 2024

Code : CMI1099

Pages :157

Formats :

Excel and PDF

Industry : Smart Technologies

Key Developments

In January 2022, Hut 8 Mining Corp., one of North America's largest digital asset miners, announced the acquisition of TeraGo Inc.'s data center business. The transaction established Hut 8 as a leading high-performance computing platform, with five geo-diverse facilities across Canada offering cloud services and 4.1 MW of existing capacity. This move further diversified Hut 8's operations and customer base beyond crypto mining.In August 2021, iMining Technologies Inc., a Canadian blockchain and cryptocurrency mining company, announced the acquisition of three active Ethereum Proof-of-Stake validators, which collectively hold 102.184 ETH. This strategic acquisition allows iMining to directly participate in securing the Ethereum 2.0 network and generate staking rewards, rather than paying fees to third-party staking providers, supporting the company's growth and profitability.
In June 2021, NCR Corporation, a leading provider of banking and payment technologies, announced a partnership with NYDIG, a digital asset management firm, to enable over 650 banks and credit unions across the United States to offer cryptocurrency buying and trading services to their customers. This initiative allows NCR's banking clients to meet growing consumer demand for digital asset investment options directly through their existing banking platforms.