Intel to Discontinue Production of Blockscale Bitcoin Mining Chips

American technology company Intel has apparently declared that it will discontinue its range of Blockscale Bitcoin mining chips in an attempt to reduce expenses.

As per a Reuters report on April 18, the semiconductor chip manufacturer will stop accepting orders for the Blockscale 1000 Series ASICs by October 20 and will cease shipping them by approximately April 2024.

Intel purportedly stated that this decision is part of a plan to prioritize the manufacturing of specific chips for external customers, with the ultimate goal of reducing overall costs.

Intel launched the Blockscale mining chips in April 2022, claiming that the ASIC hardware would provide a hash rate of up to 580 gigahash per second, and each chip could be combined and merged into a single mining unit.