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Stockreport

Jack Dorsey's Block Finishes Development of Bitcoin Mining Chip [BNN Bloomberg (Canada)]

Intel Corporation (INTC)  More Company Research Source: BNN Bloomberg
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Executive Jack Dorsey continues to advocate for a more accessible and decentralized system — an effort he's championed since 2021. The three-nanometer chip could be a major player in the fast-growing mining industry because such chips are a key component in creating some of the most advanced computers. The chip, which powers specialized computers to mine Bitcoin, has been a bottleneck for any newcomers to compete with the incumbent as the development process can be time-consuming and laden with hefty overhead costs. Only a handful of chip manufacturers based in Asia have seen significant profits amid the crypto boom, with Beijing-based Bitmain dominating the market, earning billions of dollars. Chipmaking giant Intel ended its Bitcoin mining series amid a crypto market rout in early 2023. “This marks an important milestone in our Bitcoin mining project,” the San Francisco-based company said in a statement Tuesday. “Additionally, with our chip design complete, we are excited to s [Read more]
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Stockreport

Jack Dorsey's Block Finishes Development of Bitcoin Mining Chip [BNN Bloomberg (Canada)]

Intel Corporation  (INTC) 
More Company Research Source: BNN Bloomberg
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Executive Jack Dorsey continues to advocate for a more accessible and decentralized system — an effort he's championed since 2021. The three-nanometer chip could be a major player in the fast-growing mining industry because such chips are a key component in creating some of the most advanced computers. The chip, which powers specialized computers to mine Bitcoin, has been a bottleneck for any newcomers to compete with the incumbent as the development process can be time-consuming and laden with hefty overhead costs. Only a handful of chip manufacturers based in Asia have seen significant profits amid the crypto boom, with Beijing-based Bitmain dominating the market, earning billions of dollars. Chipmaking giant Intel ended its Bitcoin mining series amid a crypto market rout in early 2023. “This marks an important milestone in our Bitcoin mining project,” the San Francisco-based company said in a statement Tuesday. “Additionally, with our chip design complete, we are excited to s [Read more]
IMPACT SNAPSHOT
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INTC
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Price Change %
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%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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Low:
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%
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%
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%
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PERFORMANCE SINCE EVENT
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