Intel Bitcoin mining chips discontinued despite chip efficiency, $63M revenue boost in 2022 | Keyword Financial

top of page

Key Word Financial

Featured Projects

ree

Intel Bitcoin mining chips discontinued despite chip efficiency, $63M revenue boost in 2022

Apr. 18, 2023

By Josh O'Sullivan

Efficient but costly, Intel ends its Blockscale 1000-series Bitcoin-mining ASICs amid focus on IDM 2.0 strategy.

Intel announced the end of first-gen Blockscale 1000-series Bitcoin-mining ASICs on April 18, despite the chips contributing both efficiency and a rise in revenue in 2022 — up from 2021.

The announcement — initially reported by Tom’s Hardware — cited “a tighter focus on its IDM 2.0 operations” as the rationale behind the decision to discontinue the chips.

However, the chip was part of the Accelerated Computing Systems and Graphics Group (AXG) revenue segment — which registered a $63 million increase in 2022 in comparison to 2021.

ree

Efficient but not cost-efficient

Intel Blockscale 1000-series chips were deployed by at least one public Bitcoin (BTC) mining company through 2022 and shown to be both efficient and profitable.

In December 2022, Canadian Bitcoin mining firm Hive Blockchain mined a total of 213.8 BTC — worth $3.15 million — utilizing Intel Bitcoin-mining ASICs to do so.

To read the entire article...Click Here!

TRON Integrates with Coinbase’s Base: What This Means for TRX Liquidity

TRON Integrates with Coinbase’s Base: What This Means for TRX Liquidity

TRON Integrates with Coinbase’s Base: What This Means for TRX Liquidity

TRON has announced a major cross-chain integration with Coinbase’s Base network, enabling TRX to be bridged directly into the Base ecosystem via LayerZero. This move brings TRON into one of the fastest-growing Ethereum Layer-2 environments, opening new liquidity routes, DeFi opportunities, and exposure to a broader user base.

HashKey Targets $215M Hong Kong IPO: A Landmark for Regulated Crypto Exchanges

HashKey Targets $215M Hong Kong IPO: A Landmark for Regulated Crypto Exchanges

HashKey Targets $215M Hong Kong IPO: A Landmark for Regulated Crypto Exchanges

HashKey Group is planning an initial public offering (IPO) in Hong Kong that could raise up to $215 million, positioning it to become the city’s first listed crypto exchange. The company aims to sell about 240.6 million shares at a price range of HK$5.95 to HK$6.95, implying a valuation of around HK$19 billion at the top end.

Photorealistic 3D render of an industrial vault at night. Dozens of small, insect-like, wheeled, and hovering robots are swarming an open steel safe, which is overflowing with gold and brass tokens. The robots are actively carrying, grappling, and moving the tokens, with some on the safe's rim and others on the floor. The scene is lit by cold fluorescent lights, highlighting the metallic robots and tokens, with motion blur conveying frantic activity.

Photorealistic 3D render of an industrial vault at night. Dozens of small, insect-like, wheeled, and hovering robots are swarming an open steel safe, which is overflowing with gold and brass tokens. The robots are actively carrying, grappling, and moving the tokens, with some on the safe's rim and others on the floor. The scene is lit by cold fluorescent lights, highlighting the metallic robots and tokens, with motion blur conveying frantic activity.

HumidiFi WET Token Launch Halted After Massive Botting Incident on Solana

HumidiFi’s chaotic $WET token presale on Solana has sparked controversy after on-chain analytics platform Bubblemaps exposed a Sybil-style bot attack linked to a single actor known as “Ramarxyz.” Using more than 1,000 wallets, this entity allegedly sniped around 70% of the WET public presale allocation on Jupiter Exchange’s Decentralized Token Formation (DTF) launchpad, causing the sale to sell out in just two seconds before most retail investors could participate.

bottom of page