Intel Discontinues Bitcoin Mining Chip Series Amid A Cost-Cutting Spree
The company announced the end of life of its first-gen Blockscale 1000-series chips without announcing any follow-up generations of the chips.
The company told Tom's Hardware that “As we prioritize our investments in IDM 2.0, we have end-of-lifed the Intel Blockscale 1000 Series ASIC while we continue to support our Blockscale customers.”
"Intel's statement cites the company's tighter focus on its IDM 2.0 operations as the reason for ending the Blockscale ASICs, a frequent refrain in many of its statements as it has exited several businesses amid company-wide belt-tightening."
When asked if Intel planned to exit the Bitcoin ASIC business entirely, the company responded, "We continue to monitor market opportunities."