I think as previously mentioned in this thread it the arrangement merger with the cloud mining operation they recommended and now seems
defunct (from info on this thread)

That is probably a very tangled mess.....so they may have real issues on this next timeline for new chips they planned due to these complications
so until that is resolved (assuming they were gonna take the majority of spondoolies equip on next go around) this all may be just on hold for anything
in the near future

again the above is a GUESS on my part..but from what I saw posted on the thread here about it ..it looked messy as hell imho

Additional added:


Just to clarify what I posted previously vs other stuff involved in the thread ...on issues

Sorry I was likely unclear I was referring to this in that BTCS is from what I gather going to buy the majority of the next gen chips from spondoolies in their colaboration

http://www.coindesk.com/btcs-4-5-million-net-loss-mining-grows/