Technology giant Intel has announced that it will stop the production of Bitcoin (BTC) mining chips, which it launched last year, due to the economic contraction.
According to information first disclosed by Toms Hardware and subsequently confirmed by Intel, the company has launched Bitcoin mining chips in April 2022. Blockscale 1000 Series ASICIt has decided to end the production of the . An Intel spokesperson said in a statement that the decision was made as part of plans to cut costs. 20 October declared that it will stop. As the last shipment date of the chips in question 20 April 2024 determined.
On the other hand, an Intel spokesperson stated that the ties with Blockscale customers will not be broken and possible trade opportunities will be followed in the future:
As we prioritize our IDM 2.0 investments, we have ended the life of the Intel Blockscale 1000 Series ASIC while continuing to support our Blockscale customers. We continue to monitor market opportunities.
Intel released the Blockscale mining chips in April 2022, and this product was the mark of the market in those days. Leading Bitcoin mining companies among the first to order the product Slang Blockchain, block, Khiva Blockchain And grid Infrastructure had taken place.