Intel’s recent announcement of suspending the Bitcoin mining chip implies the company’s future crypto plan.
Earlier, Nvidia, now Intel, major chip-makers distanced themselves from crypto operations.
Semiconductor giant Intel is signing off the crypto mining space. The company is said to join the crypto band quite late, though leaving earlier than completing a year. Intel brought its Bitcoin mining chip last year but recently announced the production of its suspension.
As reported, Intel is shutting down further production of Blockscale ASICs, its Bitcoin mining chips launched in June 2022. Additionally, there was no indication of continuation after halting its first generation Blockscale 1000-series chips.
When asked, Intel said the decision to “end-of-life the Intel Blockscale 100 Series ASIC” came after the company’s increasing focus on its Integrated Device Manufacturing 2.0 (IDM 2.0). However, it clarified the current Blockscale customers would continuously receive
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