Bitcoin mining company Griid quietly made a significant disclosure last month: a deal with tech conglomerate Intel to provide it with hardware.
via a special-purpose acquisition vehicle, or SPAC, a process that will value the firm at more than $3 billion."On September 8, 2021, GRIID entered to a supply agreement pursuant to which GRIID may purchase Intel-designed BZM2 ASICs. The Intel Supply Agreement is for an initial four-year term and will automatically renew thereafter for one one-year period unless either party provides at least 90 days’ notice prior to the end of the initial four-year term.
Indeed, the deal highlights the potential for Intel to obtain market share among US bitcoin miners. The US is home to the largest population of miners in the wake of China's regulatory crackdown.of the supply agreement between Griid and Intel don't show the price of each BZM2 ASIC or the performance metrics of the chip, including the per-chip hashrate or its power efficiency. Performance details will presumably be made public during next month's presentation.
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