Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 352. (Read 3917468 times)

Update

Financials
Balance sheet in May 27, 2014:
https://docs.google.com/spreadsheets/d/12wJMe3A6Ie8ris86m2OJ_1vucurdcVtM3fDkNCjKIRI/edit?usp=sharing

Cash flow from Feb 28, 2014 to May 27, 2014:
https://docs.google.com/spreadsheets/d/1phCAhMR-9_AaRXKICfN_M7gw4rI1hsOtRD_6PElmLOM/edit?usp=sharing

Comments about Recent News & Concerns
Policy: The bank deposits and third-party payment systems for Bitcoin exchanges in China are all closed. Workarounds exist (like buying physical cards with deposit code) but the real trading volume is severely affected.

Conversion: We have OTC conversion channels to trade USD for Bitcoins in Hong Kong.

Does anyone know what they do?

Bitquan Technologies Limited?

Friedcat new business is not called Bitfountain it is "比特泉科技有限公司" in chinese.
Of course there are no positions for public shareholders open there.
could be their balance sheets are looking more attractive, and blockchain address
draw your own conclusions..

I was told there would be a moon 
I beleived I'd be rich with these earth shattering gen3 divs then cash out ASAP
I sold my BMW for this.now I will end up in a soup kitchen, someone please hold me 

seriously this is very very bad financials.  
we dont even know when will be next divs.  

Because of cost principle, inventory should be reported on balance sheet at its cost to produce/acquire, not its market or selling cost. So presuming AM can sell their inventory at a profit (IMO very likely), the net will be a multiple higher than the current inventory asset. How much higher is the question.

Per-share equity is low. If we subtract current losses, it's about 0.03BTC/share.
And that is if they manage to sell everything at current prices, and does not include potential cash conversion problems.

This is to inform that friedcat met with the board today and provided some updates.

General Update
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The dividend schedule will be aggressive, as AM will not require large sums of retained capital. The rationale is that AM doesn't need to invest large sums into infrastructure and that the majority of chip production costs will be covered by the business partners on a contract schedule. The new round of dividends are scheduled to begin as soon as the first large purchases have concluded and should precede or coincide with the publication of the updated financial statements.

Specific Updates
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Submitted Questions:
1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that?
re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G.

4) When are the new chips expected to start mining in ASICMiner datacenters and what hashrate are you currently planning on deploying?
re 4) May-June for air cooling and June-July for immersion cooling. They are only capable of 3PH. Most should go franchising or as chips for other vendors' OEM products.

5) When are the sales revenues of the chips expected to be paid out to shareholders?
re 5) When the balance payments are received and exchanged for Bitcoins.

General Disclaimer
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Please note that some information is subject to change, as this is a very agile business. Please be careful when speculating on company valuation. This information is purely provided as a service to current shareholders and may not be free of errors.