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Intel Abandons Bitcoin Mining Chip Production

1 min read
Source: Cointelegraph
Intel Abandons Bitcoin Mining Chip Production
Photo: Cointelegraph
TL;DR

Intel will stop taking orders for its Blockscale Bitcoin mining chips by Oct. 20 and end shipping by April 2024 as part of cost-cutting efforts. The move is aimed at prioritizing the manufacturing of certain chips to outside customers. Intel CEO Pat Gelsinger reportedly took a 25% pay cut in February, with the company projecting annual cost reductions of up to $10 billion due to cost-cutting initiatives and efficiency gains by 2026.

Topics:business#asics#bitcoin-mining#business#cost-cutting#intel#semiconductor-chips
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  1. Intel will stop manufacturing chips for Bitcoin miners: Report  Cointelegraph
  2. Intel unceremoniously dumps its year-old Blockscale chips for bitcoin mining  Ars Technica
  3. Intel just killed its crypto chip after less than a year  The Verge
  4. Intel Discontinues Bitcoin Mining Chip Series  CoinDesk
  5. Intel Axes Bitcoin Mining Chip Series  U.Today

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