North America continues to dominate the cryptocurrency market, fueled by rising demand for Bitcoin and supportive regulatory frameworks.

Key factors driving this market growth include greater retailer acceptance of cryptocurrency and increased investments in digital assets.

The cryptocurrency market is anticipated to expand significantly, projected to grow by nearly USD 39.74 billion from 2024 to 2029, with a compound annual growth rate (CAGR) of 16.7%.

In parallel, the global cryptocurrency mining sector is expected to see substantial growth, estimated to rise from USD 2.45 billion in 2024 to over USD 8.24 billion by 2034, achieving a CAGR of 12.90%.

Bitcoin mining plays a crucial role in this ecosystem, as it involves validating transactions on a decentralized network, with miners earning Bitcoin rewards for their contributions.

MARA Holdings recently reported surpassing its year-end hash rate target, achieving a 15% efficiency improvement and mining 890 BTC in December 2024, despite a slight dip in overall production.

Riot Platforms has also made headlines by completing a private offering of 0.75% convertible senior notes, raising approximately USD 579.2 million to further bolster its Bitcoin acquisitions.

KULR Technology Group has expanded its Bitcoin holdings to 510 BTC, with total acquisitions reaching USD 50 million at an average price of USD 101,695 per Bitcoin.

KULR reported a BTC Yield of 127%, highlighting the effectiveness of its Bitcoin Treasury strategy in measuring acquisition success.

In a notable development, Rumble has entered into a cloud services agreement with the Government of El Salvador, emphasizing principles of freedom and independence from Big Tech.

Additionally, MicroStrategy has launched the MicroStrategy Sovereign European Cloud, which aims to provide highly regulated European businesses with access to its AI-powered business intelligence solutions.