A Publicly-Listed Bitcoin Miner Shares Expectations For Intel’s New ASIC Chip



Tom’s Hardware broke the news yesterday that Intel would present a new ‘Bonanza Mine’ ASIC chip designed for ultra-low-voltage and energy-efficient Bitcoin mining at the upcoming ISSCC conference, but Intel would neither confirm nor deny if it would make the chip available to customers. Today, Fox Business reports that crypto-mining startup GRIID, which is set to go public for an estimated $3.3 billion on the NYSE in the coming days, has signed a long-term contract with Intel for its ‘BMZ2’ mining ASICs. This means Intel will in fact compete with its own specialized ASICs for Bitcoin mining, opening up a new market that the company hasn’t addressed directly in the past.”

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