Intel Abandons Bitcoin Mining Chip Production
TL;DR Summary
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.
- Intel will stop manufacturing chips for Bitcoin miners: Report Cointelegraph
- Intel unceremoniously dumps its year-old Blockscale chips for bitcoin mining Ars Technica
- Intel just killed its crypto chip after less than a year The Verge
- Intel Discontinues Bitcoin Mining Chip Series CoinDesk
- Intel Axes Bitcoin Mining Chip Series U.Today
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