Intel, a major US-based technology company, is reportedly set to discontinue its line of Blockscale Bitcoin mining chips in a move aimed at reducing costs. According to a Reuters report, Intel will stop taking orders for the Blockscale 1000 Series ASICs by Oct. 20 and end shipping roughly in April 2024. This decision is part of Intel’s strategy to prioritize the manufacturing of certain chips to outside customers, cutting overall costs.
The Blockscale mining chips were launched in April 2022, with each chip capable of a hash rate of up to 580 gigahash per second, and could be combined and merged into a single mining unit. The technology was integrated into the operations of mining firms like Argo Blockchain, Block, Hive Blockchain Technologies, and GRIID Infrastructure.
This move by Intel will have implications on the Bitcoin mining industry, as the company was one of the largest players in the space. The decision to discontinue the Blockscale mining chips is a clear indication of Intel’s strategy to focus on certain areas of its business and streamline its operations.