Apr. 19, 2023 /SemiMedia/ -- Intel recently issued a statement saying that it will stop the production of its Bitcoin mining chip Blockscale ASIC.

In the statement, Intel stated that it will no longer accept orders after October 20 this year, and the last batch of products will be shipped no later than April 20, 2024.

"As a result of prioritizing investments in our IDM 2.0 strategy, we have ended production of the Blockscale 1000 series of ASICs while we continue to provide support to customers of Blockscale products," Intel said.

Intel’s statement stated that the company paid more attention to its IDM 2.0 operation as the reason for terminating Blockscale ASIC. Regarding whether it plans to completely withdraw from the Bitcoin ASIC business, Intel responded that it will continue to monitor market opportunities.

Intel has yet to announce the next generation of bitcoin mining products. However, according to the statement, it can be seen that if there is an opportunity in the future, products in this category may return to the market.