Intel names customers for its new Bitcoin-mining chip

Intel plans to release a specialized Bitcoin-mining chip by the end of 2022, and several companies have already been added to the waiting list. The information is stated on the chipmaker’s website.

Among the first clients are Block (formerly Square), the company founded by Jack Dorsey, mining companies Argo Blockchain and GRIID Infrastructure. The latter disclosed a deal with Intel in a filing with the SEC.

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

The chips will be released on tiny dies, so their release will have minimal impact on current manufacturing processes. Details are to be disclosed at the ISSCC conference in February.

In 2018, Intel filed a patent application for a hardware mining accelerator designed to reduce energy costs in mining Bitcoin and other cryptocurrencies.

In January 2021, it emerged that the company planned to present a “low-voltage, high-efficiency ASIC miner” for the first cryptocurrency at a demonstration session of ISSCC on February 23.

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