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.