Intel To Showcase Crypto-Mining Chip In February: Report

January 18, 2022 1:05 PM | 1 min read |

Intel Corp INTC will likely showcase a specialized crypto-mining chip at the International Solid-State Circuits Conference (ISSCC) in February, CoinDesk reports citing the conference's agenda.
One of Intel's "highlighted chip releases" at the conference entitled "Bonanza Mine: An Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC" will likely be on February 23.
The report added that the initiative brings Intel into direct competition with Bitmain and MicroBT in the market for bitcoin mining application-specific integrated circuits.
Intel does not plan to add ether mining limits on its graphics cards, unlike its competitor NVIDIA Corp NVDA.
Price Action: INTC shares traded lower by 1.35% at $54.95 on the last check Tuesday.

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