He's changing the original plan as stated on their website. Their website says in big bold words:
"We've developed a chip for embedded bitcoin mining."
But this guy is talking about distributed apps - eg turing complete computation. Those are two different and mutually exclusive things. So I don't know who's correct here.
My read on it was that the guy on the call, if he works for them at all, is more on the IoT side of their business and not directly involved with the mining (portion of the) chip.