{"id":21927,"date":"2025-04-14T07:46:45","date_gmt":"2025-04-14T07:46:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21927"},"modified":"2025-04-14T07:46:45","modified_gmt":"2025-04-14T07:46:45","slug":"intel-gave-up-on-bitcoin-mining-chip-business-nearly-2-years-ago-heres-how-its-stock-has-fared-compared-with-btc-since-then","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21927","title":{"rendered":"Intel Gave Up On Bitcoin Mining Chip Business Nearly 2 Years Ago \u2014 Here&#8217;s How Its Stock Has Fared Compared With BTC Since Then"},"content":{"rendered":"<div>\n<p>Leading chip manufacturer <strong>Intel Corp. <\/strong>(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/INTC#NASDAQ\">INTC<\/a>) entered the <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) mining hardware market with its Blockscale chip line but ended it after only a year of operation.<\/p>\n<p><strong>What Happened: <\/strong>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 <strong>Argo Blockchain<\/strong> and <strong>Block, Inc. <\/strong>(NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/XYZ#NYSE\">XYZ<\/a>)<\/p>\n<p>But despite initial optimism, Intel <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/23\/04\/31864909\/intel-signals-end-of-bitcoin-mining-chip-business-amid-cost-cutting-effort\">discontinued the line<\/a> in April 2023. The form stopped taking new orders for the chips and stopped shipping in April 2024.<\/p>\n<p>The decision could have been motivated by the <a href=\"https:\/\/www.benzinga.com\/topic\/bear-market\">prolonged downturn<\/a> in the cryptocurrency industry, with &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/04\/44783083\/intel-gave-up-on-bitcoin-mining-chip-business-nearly-2-years-ago-heres-how-its-stock-has-f\" alt=\"Intel\" gave up on bitcoin mining chip business nearly years ago here how its stock has fared compared with btc since then>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21927","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21927"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21927\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}