Interface News Reporter | Si LinweiOn April 19th Beijing time, according to Tom's Hardware, semiconductor giant Intel officially announced the end of the lifecycle of its Bitcoin mining series of chips, and did not disclose any subsequent chips.Intel stated, "Due to the priority investment in IDM2
Interface News Reporter | Si Linwei
On April 19th Beijing time, according to Tom's Hardware, semiconductor giant Intel officially announced the end of the lifecycle of its Bitcoin mining series of chips, and did not disclose any subsequent chips.
Intel stated, "Due to the priority investment in IDM2.0, we have ended the lifecycle of Intel Blockscale 1000 series ASICs and will continue to support customers of Blockscale products
The company also confirmed in a statement to foreign media CoinDesk on Tuesday that it will stop producing its Bitcoin mining series of chips. A document on its official website shows that no related orders will be accepted after October 20, 2023, and the last product will be shipped no later than April 20, 2024.
In March 2022, Intel Senior Vice President Raja Koduri officially announced the company's entry into cryptomining, stating that the performance of Intel chips would be more than 1000 times higher than mainstream GPUs based on the SHA-256 algorithm for mining. According to its released information, Intel's first batch of customers included BLOCK (formerly Square, led by Twitter founder CEO Jack Dorsey), ArgoBlockchain, and GRIIDInfrastructure.
RajaKoduri also stated that Intel has created a custom computing group within its AXG graphics department to support Bitcoin ASICs and "other emerging technologies". However, it is reported that Intel recently restructured AXG Group, and RajaKoduri also left the company shortly thereafter.
Intel's entry was once seen as a way to shake the monopolies of Bitcoin mining chips in Bitcoin and BitMicro, but in just the past year, Intel has abandoned this market and only stated that it will continue to observe the market.
Recently, with the continuous deterioration of PC and server demand, Intel's performance has been impacted. Its latest financial report shows that revenue in the fourth quarter of 2022 decreased by 28% year-on-year to $14 billion, setting the lowest quarterly revenue level since 2016. Net profit decreased by 92% year-on-year to $400 million, far below market expectations.
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