Intel ends Bitcoin mining chips nearly a year after launch
Alexander Koerner

Intel (NASDAQ:INTC) confirmed on Tuesday that it is ending production of its processors used to mine Bitcoin, slightly more than a year after launching them.
"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," the company told Seeking Alpha, alluding to its decision to focus on chip manufacturing for other companies.

The decision will see Santa Clara, California-based Intel stop taking orders for the Blockscale series of chips by October 20, 2023 and cease shipping them by April 20, 2024.
In February 2022, Intel (INTC) unveiled the processors used for blockchain applications, including Bitcoin mining and creating non-fungible tokens, or NFTs. At the time, Intel (INTC) said companies such as Block (SQ), Argo Blockchain and GRIID Infrastructure were among its first customers.
Intel (INTC) shares fell 1% to $31.80 in late-day trading following the news.
Last week, Intel (INTC) said it would work with SoftBank (OTCPK:SFTBY) owned Arm to manufacture the next-generation of mobile chips.