Intel ends its bitcoin mining chip series

Chipmaker Intel Corp said on Tuesday that it has discontinued production of its bitcoin mining chip series, just a year after its introduction. A rout in the cryptocurrency market hurt some chip companies such as Nvidia Corp, whose high-end graphics chips became popular for crypto mining. Intel expects to stop taking orders for the series, called Blockscale, by October 20 this year and end shipping by April 20 next year, as per a document posted on the company's website. As Blockscale has prioritized the investments in IDM 2.0, they have end-of-life the Intel Blockscale 1000 Series ASIC.

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