NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Intel Ships Blockscale ASIC Chips To Selected Bitcoin Mining Companies

Eduardo Próspero
Eduardo Próspero
1 year ago
4 mins read
Intel Blockscale chips promotional image

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

It’s official, Intel is part of the bitcoin mining business. The gargantuan technology company announced its “ultra-low-voltage energy-efficient” ASIC chip barely six months ago, and it’s already here. Under normal circumstances, infrastructural support from a multinational company like Intel would be tremendous for the bitcoin market. How will it react in the middle of all this chaos? Will it react at all? The news didn’t immediately do much, but the long-term effect remains to be seen.

Intel AXG Custom Compute team is now shipping the Blockscale ASIC! First product will always be unforgettable, congratulations team👍
Excited to see how @ArgoBlockchain @griid and @HiveBlockchain improvise around Blockscale and our open design. pic.twitter.com/0rxtNTLMfw

— Raja Koduri (@RajaXg) June 29, 2022

Raja Koduri, Intel’s Architecture, Graphics and Software (IAGS) division’s senior vice president, recently tweeted: 

“Intel AXG Custom Compute team is now shipping the Blockscale ASIC! First product will always be unforgettable, congratulations team. Excited to see how Argo, Griid and Hive improvise around Blockscale and our open design.”

Notably absent from the list is BLOCK, Jack Dorsey’s company. Does that mean something or is BLOCK just fourth on the list? Three months ago, Bitcoinist quoted Raja Koduri emphatically saying:

“Our blockchain accelerator will ship later this year. We are engaged directly with customers that share our sustainability goals. Argo Blockchain, BLOCK (formerly known as Square) and GRIID Infrastructure are among our first customers for this upcoming product.”

The Bitcoin Miners React To Intel’s Announcement

Green mining company Hive was the first to react, they tweeted “HIVE is proud to have partnered with Intel, and we can’t wait to put the new ASICs to good use mining BTC!” A few months ago, the company was much more eloquent in a press release NewsBTC quoted. “These miners are expected to be delivered over a period of one year starting in the second half of calendar 2022, the effect of which, if they are all installed, would be an expected increase of up to 95% in our aggregate Bitcoin mining hashrate from 1.9 Exahash per second.”

$HIVE is proud to have partnered with @intel, and we can’t wait to put the new ASICs to good use mining $BTC! https://t.co/qDWKnU95MI

— HIVE Digital Technologies (@HIVEDigitalTech) June 29, 2022

For their part, Argo also went the simple route and tweeted. “Thanks, Raja Koduri and Intel. We’re excited to be innovating with these new ASIC chips in our custom immersion mining rigs. Our thanks to ePIC Blockchain for joining us on the ride.” That new player, ePIC Blockchain Technologies produces self-proclaimed “North American Designed ASIC RIGs.” So, innovation and customization are on the way.

Thanks, @RajaXg and @intel. We're excited to be innovating with these new ASIC chips in our custom immersion mining rigs. Our thanks to @ePICBlockchain for joining us on the ride. https://t.co/pKlxDjkm08

— Argo (@ArgoBlockchain) June 29, 2022

Last but not least, let’s remember Raja Koduri’s words when Intel’s bitcoin mining experiment started: 

“Today, we at Intel are declaring our intent to contribute to the development of blockchain technologies, with a roadmap of energy-efficient accelerators. Intel will engage and promote an open and secure blockchain ecosystem and will help advance this technology in a responsible and sustainable way.”  

Remember that statement as we pass to the next section.

BTCUSD price chart for 07/04/2022 - TradingView

BTC price chart for 07/04/2022 on Bitfinex | Source: BTC/USD on TradingView.com

Mainstream Media Mocks Intel

In the eyes of mainstream media, bitcoin or anything related to it can’t do anything right. And this bear-market-of-sorts we’re into gives them the perfect ammunition to attack the technology and the billion-dollar market around it. Luckily, bitcoin doesn’t care. In the first mainstream article about Intel shipping its Blockscale ASIC chips ahead of time, The Register starts with valuable information:

“Blockscale is shipping a couple days ahead of Intel’s previously stated release window for the third quarter, which begins Friday. Even if it’s a tiny head start, it is nonetheless an achievement for a corporation that is becoming notoriously under-schedule across multiple products, including the Sapphire Rapids server chips and the discrete Arc GPUs.”

Only to then, start dunking on bitcoiners and Intel alike. They start with this:

“Experts and company officials are warning that the world of blockchain-fueled digital currencies is entering a crypto winter, a period where the value of virtual coins plunge and remain low. This last happened between early 2018 and mid-2020.”

And then, they dedicate 1000 words to the market’s condition instead of discussing Intel’s SEG energy-efficient intentions. Or the perfectly executed roll-out strategy that the company exhibited these last few months. Or the fact that bitcoin is humanity’s only hope.

Featured Image: Blockscale promotional image from this tweet | Charts by TradingView
Tweet123Share196ShareSend
Eduardo Próspero
Eduardo Próspero

Eduardo Próspero

Eduardo Prospero is an author, a content writer, and a professional rapper.
A Bitcoin maximalist in disguise.
Working on a Bitcoin book.
Venezuelan.

Read more

He wrote a novel, but it's only available in Spanish. It's called "La Tormenta."

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

hyperliquid-hits-record-59-hylq-brings-success-model-crypto-stocks-tw

Hyperliquid飆至歷史新高59美元 HYLQ移植成功概念入加密股票

2025年9月18日,Hyperliquid(HYPE)悄然觸及59美元的歷史高位。這個數字不只是K線上的一筆延伸,更是一段關於新型山寨幣敘事如何滲入主流注意力場域的縮影。市值超越Chainlink,...

Peter Chow 5 hours ago
shiba-inu-october-rally-heats-up-snorter-meme-bot-presale-4m-25-days-left

柴犬幣10月行情熱度回升 Snorter迷因機器人預售倒數25天突破400萬美元

柴犬幣(SHIB)自2021年創下50萬倍漲幅後,儘管目前價格回落至0.0000121美元上下,但其作為模因幣文化元祖的地位未曾被撼動。2025年10月,加密市場在比特幣與以太坊進入高位盤整的背景下,...

Peter Chow 6 hours ago
cardano ada adausd

Cardano (ADA) Oversold With RSI at 36.6: Is a Short-Term Rebound on the Horizon?

Cardano (ADA) slipped 1.38% today, trading at $0.816, below its 20-day moving average ($0.871) and 50-day moving average ($0.86). However,...

James Halver 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

avalanche, Solana, Monero, SUI, pump.fun, chainlink

Avalanche (AVAX) Price Holds Key Support, But Analyst Warns Rally Could Be At Risk

Rubmar Garcia 51 minutes ago
Crypto

All-Time Highs For Gold, S&P500; Crypto Stands Alone In The Red – What’s The Root Cause?

Ronaldo Marquez 1 hour ago
stellar xlm xlmusd

Stellar (XLM) Shows Signs of Strength: Analysts See $0.5 Target in Play

James Halver 3 hours ago

Premium Sponsors

Press Releases

  • Aster na Binance vystrelil o 1800 % za týždeň napriek krachu trhu: Bude ďalším Bitcoin Hyper?

    Aster na Binance vystrelil o 1800 % za týždeň napriek...

    11 hours ago
  • Kryptomenové pokladničné zásoby sa prepadli, keď sa obchodníci presúvajú k bezpečnejším krypto predpredajom ako PEPENODE

    Kryptomenové pokladničné zásoby sa prepadli, keď sa...

    11 hours ago
  • Aster z Binance rośnie o 1800% w tydzień pomimo spadku na rynku: Czy Bitcoin Hyper będzie następny?

    Aster z Binance rośnie o 1800% w tydzień pomimo spadku na...

    13 hours ago
  • A kincstári kriptovaluta-részvények hanyatlása, miközben a kereskedők biztonságosabb kriptovaluta előértékesítések felé fordulnak, mint például a PEPENODE

    A kincstári kriptovaluta-részvények hanyatlása...

    14 hours ago
  • Aster z Binance rośnie o 1800% w tydzień pomimo spadku na rynku: Czy Bitcoin Hyper będzie następny?

    Aster z Binance rośnie o 1800% w tydzień pomimo spadku na...

    14 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.