Silicon Valley tech giant Intel will soon stop producing Bitcoin mining chips!
- Intel is ending production of its chips as part of cost-cutting plans.
- The company will continue to monitor opportunities in the crypto market.
Silicon Valley tech giant Intel will soon stop producing Bitcoin mining chips!
Intel to Stop Producing Bitcoin Chips!
The US-based tech giant Intel has announced plans to end production of its Blockscale Bitcoin mining chip series as part of its cost-cutting efforts.
The semiconductor chip manufacturer will stop taking orders for the Blockscale 1000 Series ASICs by October 20 and shipments will end around April 2024. Intel said it had prioritized the production of certain chips for external customers as part of its overall cost-cutting strategy.