Analysts at Bernstein have forecasted that the total value of the market for bitcoin mining chips and hardware will hit $20 billion over the next five years. This growth projection is based on an analysis of the continuous expansion of the cryptocurrency industry and the increasing demand for high-performance mining equipment. Traditionally, the market for bitcoin mining hardware has been dominated by Chinese companies such as Bitmain, with a market share of over 80%. However, in recent times, American tech companies like Block and Auradine have begun making their mark in this sector. The launch of new chips by these newcomers signifies a new opportunity for supply chain diversification. Not only do they introduce competitive vigor into the market, but they also spur innovation in chip design and technological advancement. Furthermore, they are expected to drive the enhancement of global contract manufacturing capabilities, further propelling the growth and prosperity of the entire industry.