Intel Names Customers for New Bitcoin Mining Chip

At the end of 2022, Intel will release a specialized bitcoin mining chip, and several companies have already been added to the waiting list. This is stated on the website of the chip manufacturer.

Some of the early clients are Block (formerly Square) by Jack Dorsey, mining companies Argo Blockchain and GRIID Infrastructure. The latter disclosed a deal with Intel in a filing for SEC.

“Intel will promote an open and secure blockchain ecosystem, and help advance the technology in a responsible and sustainable manner,” the company said.

According to the report, the chips will be released on “tiny microcircuits”, so their release will have a minimal impact on current production processes. Details promised to be revealed at an international conference ISSCC in February.

Recall that in 2018, Intel filed a patent application for a hardware “accelerator” for mining, designed to reduce energy costs when mining bitcoin and other cryptocurrencies.

In January 2021, it became known about the company’s plans to present a “low-voltage, high-performance ASIC miner” of the first cryptocurrency at the ISSCC demo session on February 23.

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