Share this article Share this article NEW YORK, May 4, 2021 /PRNewswire/ -- The global cryptocurrency mining hardware market by product (ASIC and GPU) and Geography (APAC, North America, Europe, South America, and MEA) has been added to Technavio's offering. The global cryptocurrency mining hardware market is expected to grow by USD 2.80 billion, at a CAGR of over 7% during 2020-2024. Technavio has announced its latest market research report titled Cryptocurrency Mining Hardware Market by Product and Geography - Forecast and Analysis 2020-2024 The COVID-19 pandemic has led to an uncertain price scenario for cryptocurrency. The need for people to self-isolate, quarantine measures, and other restrictions have led to less involvement by people in mining farms. This led to the postponement of several cryptocurrency-related events. However, some government organizations have recently proposed new regulations to minimize the negative impact of COVID-19 on the cryptocurrency market. For instance, in March 2020, the Arizona State Government in the US introduced the Cryptocurrency Act of 2020, which determines the regulation of crypto assets by different federal agencies. Such initiatives are expected to minimize the negative impact of COVID-19 on the market.