The first-generation Blockscale 1000-series Bitcoin mining ASICs were discontinued by Intel on April 18, even though the chips increased revenue in 2022 from 2021 and improved efficiency.
The action was taken around a year after Intel unveiled its standalone crypto mining processor, which was claimed as being superior and energy-efficient to top-tier ASICs.
In an interview with Tom’s Hardware (opens in new tab), Intel explained that the decision was made as part of a larger IDM 2.0 strategy that has seen the company tighten its belt and concentrate on its core business and products.
IDM 2.0 is the term used to describe Intel’s strategy of outsourcing the production of goods like graphics cards and chipsets to outside foundries.