Intel to Stop Making Bitcoin Mining Chips
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Chipmaker Intel intends to stop making Blockscale chips for Bitcoin mining.

A company representative has said in a conversation with Tom's Hardware:

"We continue to monitor market opportunities."

The Blockscale line was introduced in April of last year. One of the first buyers of Intel chips was Block Inc. and Argo Blockchain.

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In recent months, the corporation has taken a number of steps to reduce costs, in particular, by cutting the salaries of top managers. In February, Intel representatives announced their intention to achieve annual savings of between $3 billion and $10 billion over the period to 2025.

The company could receive "billions of dollars" in government subsidies aimed at stimulating growth in the high-tech sector of the economy.

HIVE Blockchain Technologies completed the deployment of a batch of 5,600 ASIC BuzzMiners with Intel chips in March.

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