Intel Corp. (INTC.O) ceased manufacturing its Bitcoin mining chip series on Tuesday, a year after its release. Nvidia Corp (NVDA.O), which made high-end graphics chips for crypto mining, suffered from the cryptocurrency market crash.
According to a post on Intel’s website, the Blockscale series will stop taking orders on October 20 and shipping on April 20.
“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,” a spokeswoman stated. Intel’s IDM 2.0 goal is to outsource chip production to other parties while increasing its development of smaller, faster chips.
Intel will “monitor market opportunities” in cryptocurrency. Argo Blockchain (ARB.L), Block Inc. (SQ.N), Hive Blockchain Technologies (HIVE.V), and GRIID Infrastructure were Intel’s first chip customers.