Intel Corp has announced it has terminated the manufacturing of its bitcoin mining chip series, which was launched just a year ago.

The decline in the cryptocurrency market has impacted several chip manufacturers, including Nvidia Corp, whose top-of-the-line graphics chips were widely utilized for crypto mining.

As per a document posted on the company’s website, Intel intends to discontinue accepting orders for the Blockscale series by October 20th of this year, and shipping will cease by April 20th of next year.

“As we prioritize our investments in IDM 2.0, we have end-of-lifed the Intel Blockscale 1000 Series ASIC while we continue to support our Blockscale customers,” a company spokesperson said.

IDM 2.0 refers to Intel’s strategy to outsource its chip making to outside customers, while it continues to ramp up its own production of smaller and faster chips.

Intel said it will continue to “monitor market opportunities” in the cryptocurrency space.

Intel’s initial clients for the chips were Argo Blockchain (ARB.L), Block Inc (SQ.N), Hive Blockchain Technologies(HIVE.V), and GRIID Infrastructure.