Objective and Scope:

The client, an investment and holding company, wanted to study the cryptocurrency mining industry to understand global investment opportunities. The objectives of the study included:

• Understanding of the cryptocurrency mining industry, crypto staking, and the business model
• Analyze the key trends for Bitcoin and Ethereum
• Competitive intelligence of the key global players

Approach:

A detailed study was conducted to understand the cryptocurrency mining process, industry business model, evolution of mining methods, energy sources, hash rate across various countries, global regulations, and Porter’s analysis, followed by an examination of the dynamics and key trends for the leading currencies – Bitcoin and Ethereum. We also assessed the key financials and recent developments of the leading global industry players.

Impact:

Our research helped the client in:

• Gaining an understanding of the current market potential, investment areas, market-entry ease and challenges, regional highlights, and regulatory parameters of the crypto mining industry
• Analyzing key global players reflecting the potential earning opportunities and the associated key challenges