Odaily Planet Daily News Bernstein analysts said that the market space for Bitcoin mining chips and hardware will reach $20 billion in the next five years. A report pointed out that the Bitcoin mining hardware market has always been dominated by Chinese companies such as Bitmain, with a market share of more than 80%. However, the new chips launched by Block and Auradine in the United States herald opportunities for supply chain diversification and provide opportunities for competition in advanced chip design and access to global foundry manufacturing capabilities. (The Block)