According to Fox Business, an Ohio-based crypto mining company GRIID is set to go public on the New York Stock Exchange in upcoming weeks, with an initial value around $3.3 billion. Securities and Exchange Commission (SEC) in September finally became public record, and more details emerged. However, on January 19, paperwork filed with the U.S. However, whether this ISSCC presentation will truly fulfill this promise of presenting “interesting hardware,” or will only offer some smaller piece of conjecture or proofs of concept, is not immediately clear. “But being able to do much more efficient blockchain validation at a much lower cost, much lower power, is a pretty solvable problem… We are working on that, and at some point in time, hopefully not too far into the future, we will share some interesting hardware for that.” “GPUs will do graphics, gaming, and all those wonderful things,” he said. This information comes on the tail of an interview conducted with Raja Koduri, senior vice president and general manager of Intel’s Accelerated Computing Systems and Graphics (AXG) group, in late December 2021.
Already, this announcement has created a stir among the Bitcoin community. Titled “Bonanza Mine: An Ultra-Low-Voltage Energy Efficient Bitcoin Mining ASIC,” the talk is notably being presented by three different campuses and research centers run by Intel, all scattered across the West Coast. The schedule for the 2022 ISSCC conference was released on January 18 as well, including among its features a presentation from Intel set for February 23. This news first appeared on January 18, with the ASIC - or application-specific integrated circuit, a computer chip that is central to the machines that “mine” bitcoin - and Intel reportedly plans to present more details on the chip at the upcoming International Solid-State Circuits Conference (ISSCC). In a move that could spell dramatic change for the bitcoin mining industry, American tech conglomerate Intel ( INTC) is moving to execute newly-released plans on an “ ultra-low-voltage energy-efficient Bitcoin mining ASIC” chip.
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