No prototype, no integration and testing, they went all-in... All of the chips' success hang on OrSoC's expertise in FPGA->ASIC conversion, and if they succeed, their miner will not last more than a couple of months before turned into reserve hashing power, high risk/low reward business model 

The good thing is, all these reserve hashing power will ensure a high barrier of entry so that future investors will only need to buy coins directly