Intel Gave Up On Bitcoin Mining Chip Business Nearly 2 Years Ago — Here’s How Its Stock Has Fared Compared With BTC Since Then
Posted On April 14, 2025
Leading chip manufacturer Intel Corp. (NASDAQ:INTC) entered the Bitcoin (CRYPTO: BTC) mining hardware market with its Blockscale chip line but ended it after only a year of operation.
What Happened: In April 2022, Intel launched Blockscale, a set of application-specific integrated circuits designed for cryptocurrency mining in proof-of-work networks. The semiconductor giant initially aimed to supply these chips to companies like Argo Blockchain and Block, Inc. (NYSE:XYZ)
But despite initial optimism, Intel discontinued the line in April 2023. The form stopped taking new orders for the chips and stopped shipping in April 2024.
The decision could have been motivated by the prolonged downturn in the cryptocurrency industry, with …
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