Intel Discontinues Bitcoin Mining Chip Series


Chipmaking heavyweight Intel (INTC) is ending manufacturing of its bitcoin mining chip sequence, the corporate stated in an announcement to CoinDesk on Tuesday.

“As we prioritize our investments in IDM 2.0, now we have end-of-lifed the Intel Blockscale 1000 Collection ASIC [application specific integrated circuit] whereas we proceed to help our Blockscale clients,” an Intel spokesperson stated.

The information was first reported by Tom’s {Hardware}.

No orders will likely be taken after Oct. 20 and the final product will likely be shipped no later than April 20, 2024, in keeping with a doc on Intel’s web site.

The corporate introduced its foray into bitcoin mining a few yr in the past, with its first clients for the chips, dubbed Blocksale, being Argo Blockchain (ARBK), Block (SQ), Griid Infrastructure and Hive Blockchain (HIVE).

Since, solely Hive has confirmed the set up of mining rigs powered by Intel chips. Not one of the firms responded to requests for touch upon this story on the time of publication.

Argo’s accomplice, ePIC Blockchain, is selling its personal bitcoin mining machines utilizing the Intel semiconductors.

Intel’s chips may have damaged an efficient duopoly available in the market dominated by Bitmain and MicroBT. The agency continues to “monitor market alternatives,” the spokesperson stated, when requested whether or not Intel may give you a brand new mission.

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