Vbs... 
To add some more details: the first batch contains 312 wafers * 2000 chips/wafer * 400 MH/s/chip = 249 TH/s. And according to the first post this batch should arrive mid september and the other batch will be ordered immediately after they receive/test the first batch. If this is all correct, a total of roughly 850 TH/s should be covered by the IPO.
* We use this 3 millions dollars IPO funds for :
Mass production of 1st gen chips to a big amount (exact no. might depends but 500TH as minimum beside the 200TH we have already paid),
deploying all of them.
the research and Tapeout (samples with fulll mask) 2nd gen chips (40nm most likely).
This process might last,as you said, several months.
* the Mass production of our 2nd gen chips might be a possible reason to launch our 2nd batch of shares.
Mass production of 1st gen chips to a big amount (exact no. might depends but 500TH as minimum beside the 200TH we have already paid),
deploying all of them.
the research and Tapeout (samples with fulll mask) 2nd gen chips (40nm most likely).
This process might last,as you said, several months.
* the Mass production of our 2nd gen chips might be a possible reason to launch our 2nd batch of shares.
To add some more details: the first batch contains 312 wafers * 2000 chips/wafer * 400 MH/s/chip = 249 TH/s. And according to the first post this batch should arrive mid september and the other batch will be ordered immediately after they receive/test the first batch. If this is all correct, a total of roughly 850 TH/s should be covered by the IPO.