Gridid, the Bitcoin mining company, captures Intel miners! Rumors use 5nm TSMC chips

According to previous data, US chip giant Intel will unveil a new ultra-low-voltage, power-saving bitcoin mining ASIC chip called the Bonanza mine at the International Semiconductor Circuits Symposium (ISSCC). on February 23, that Intel will be the first . . Enter the ASIC chip market for Bitcoin mining.

Intel's Bitcoin mining ASIC chips haven't been released yet, but they seem to have registered their first customers. American bitcoin mining company Griid quietly announced that it had signed a four-year contract with Intel to use the BMZ2 ASIC chip in the S-4 filing with the United States Securities and Exchange Commission (SEC) last month. last.

Grid said in a lawsuit that Grid signed a supply agreement on September 8 last year to buy Intel-built BZM2 ASIC chips. At least 25% of the required Intel ASIC chips are developed by Intel.

The supply agreement between Grid and Intel does not specify the price of each ASIC BZM2 chip or the performance metrics of the chips, including the power and performance of each chip, and the operating conditions of the chip could be published next month. ISSCC.

Griid, a small company based in Ohio, will list on the New York Stock Exchange next week through a SPAC merger, with an estimated valuation of $3.3 billion, according to GRDI's Fox Business.

The grid industry is focused on pursuing zero emissions in the mining process, and Intel's power-saving chips seem to be meeting demand, making Intel more grid-friendly than other mines. Bitcoin such as Marathon and Riot. You can explain why you chose to work with it. Cooperation.

5nm TSMC chips will be used

Additionally, according to China's own Wushuo Blockchain news channel, Intel's Bitcoin ASIC chip will use TSMC's 5-nano chip. From June to July this year, major consumers will complete and ship Bitcoin miners based on Intel chips, but the above timeline is still unclear.

An insider told "Wu Shuo Blockchain" that the quality of Intel models is paramount. Currently, the energy efficiency rate of the chip is expected to be around 35 J/T (the energy efficiency rate of the mining machine is expected to be increased by at least 10%). ), and depending on the size of Intel's investment portfolio, it will determine whether this move could affect the status of Bitmain and Shenma.

The report notes that while shipments of Intel ASIC chips are expected to be weak this year, if all goes well, they could pose problems for Bitcoin mining chip models as a result in 2023. According to Fox Finance, Bitmain currently owns 75% market share in the mining industry.

"Wu Hais Blockchain" is, in fact, as early as 2018 to 2019, Intel was instructed by Softbank to assemble 8,000 TSMC 7nm miners, but due to the low power efficiency rate, it is the future product.

The market underestimates Intel.

However, some in the industry don't think this is the right time for Intel to join us. Idle miners will continue to go overseas, and the calculated power of the entire network will bottom out. The market is trending down slightly now while waiting for Bitcoin.

According to Barron's, Intel's entry into cryptocurrency mining underscores that Intel is looking for additional revenue outside of its core businesses such as PCs, servers and storage, but even ASICs and GPUs from 'Intel can be completely competitive, market sharing is only falling into disarray. The bucket for business.

Wedbush analyst Matt Bryson pointed out that quarterly revenue for ASICs and GPUs used in mining based on last year's sales was around $1 billion. $300 million in revenue vs $73.4 billion estimated by Intel in 2022.

Matt Bryson said: Intel has two big problems. One is behind AMD in chip development and the other after TSMC in manufacturing. Intel needs to claw back these key gains rather than seek to re-enter an unthinkable market.