Opinion: The market space for Bitcoin mining chips and hardware will reach 20 billion US dollars in the next five years

Bernstein analysts stated that the market space for Bitcoin mining chips and hardware could reach 20 billion dollars in the next five years. A report pointed out that Chinese companies such as Bitmain have always dominated the Bitcoin mining hardware market, with a market share of over 80%. However, new chips launched by Block and Auradine in the United States herald opportunities for diversification of supply chains, and provide opportunities to compete in advanced chip design and acquire global contract manufacturing capabilities.