Weekly prices of cryptocurrency mining rigs worldwide 2019-2021
As Bitcoin prices grew in 2021, the also increasing demand for mining equipment along with the already-existing shortage on the market led to a significant price increase on ASIC mining rigs.
Prices of ASIC machines used to mine cryptocurrencies like Bitcoin and Ethereum grew by roughly ten percent each week in 2021. Mining firms such as Riot Blockchain, Core Scientific and Marathon Patent Group bought several tens of thousands of machines each over the course of 2020, which led Bitmain - a Chinese manufacturer of Bitcoin ASIC equipment - to sell out through August 2021.