Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
stripykitteh
on 17/05/2013, 02:11:01 UTC
Update

So we feel that it is most responsible to let the shareholders decide how to do with the abundant Bitcoins. We will of course find other investments (which are focused on helping the Bitcoin economy therefore benefit all Bitcoin holders), but they are all involved in different risk and return model than a mining/mining hardware company. The shareholders of ASICMINER are in principle not supposed to bear the new different risks on doing other business than Bitfountain's. So if there are new investments, they will be as new adventures, in new collaboration structures, and after a significant period of time since ASICMINER is always the most important job for us to do before the company could gradually run itself with a little less founder involvement.


Yes, thanks for addressing this point. It's what I was expecting you to say. Existing and prospective investors in ASICMINER can make their investment decisions based on the premise that ASICMINER will run in its current form for the foreseeable future, and that earnings are only retained insofar as they are needed for the company's own current and planned operations.