Intel INTC will stop producing Bitcoin mining chips

ChainCatcher news, chip manufacturing giant Intel (INTC) stated in a filing that it will cease production of its Bitcoin mining chip series.

According to a document on Intel's website, no new orders will be accepted after October 20, and the last batch of products will be shipped before April 20, 2024. In February last year, Intel announced its entry into the Bitcoin mining sector, planning to release a Bitcoin mining ASIC chip, with initial customers including Argo Blockchain, Block, Griid Infrastructure, and Hive Blockchain. (CoinDesk)