Intel Wants to Be a Bitcoin Player. It Won't Move the Needle for the Stock.

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Intel may soon launch a chip for Bitcoin mining as the tech giant looks for new revenues in the burgeoning crypto economy.

Intel (ticker: INTC) plans to unveil a new “Bonanza Mine” chip at the ISSCC Conference on Feb. 23, according to a draft agenda of “highlighted chip releases” at the conference. The chip is described in the draft as an “ultra-low-voltage energy-efficient Bitcoin mining ASIC.”

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