I think patience is the biggest obstacle that AM investors need to overcome. People act like putting together a 50 THs farm is nothing more than pre-ordering 100 baby-jets.
well, we had that done some time ago. It seems like getting a 50 TH/s farm up isn't too much of an issue for FC and team, but keeping it at 50TH/s and expanding beyond that is a significant hurdle.
FC has been planing expansion from the beginning and has been doing great.
up until about a month or so ago, and expansion has completely stagnated.
The bears have been loud recently and have used this two weeks of lower hash-rate to get the lowest share price, but I don't think it will last long.
based on what? I don't see any signs of the mining operation improving, and hardware delivery has been stalled waiting on the new blades.
Has anyone considered what 65 TH/s of 130nm tech uses in power? 65 TH/s @ 8.5 J/GH is ~ 550KW or >2200 Amps @ 240V. They have enough floor space, power and cooling to support >550KW of equipment. If they are planning to migrate to more efficient "next gen" tech and they are near capacity why pay for the cost to expand if they don't need to. To illustrate say AM's 2nd gen chips are ~0.6 J/GH at the wall. The existing space, power, and cooling could support not 65 TH/s but >900 TH/s. If FC knows superior tech is coming and they are close to their limit on power that their current buildings can handle why would they want to expand to additional buildings rather than sell the excess rigs at what I consider to be a very good price. The selling price isn't leaving that much net profit on the table. So while you wait for 2nd gen chips, maintain the existing farm and sell excess capacity to improve cashflow. When the 2nd gen blades are ready, replace the existing farm with current one, sell of the old tech and expand the farm to 1 PH/s.
It is very possible that AM will NOT expand their hashrate to more than 50 to 60 TH/s until they can replace existing tech with next gen tech.on edit: edited for brevity and clarity.