Update:

Chip refunds:
We have processed the majority of the refund requests which were verified in the first two batches which did not require additional manual verification. We have also just received refunds for two additional batches, which includes our chip purchase, which will be used to process assembly refund requests. Refund requests will continue to be processed until they are complete.

There currently remains 2 batches of chips, and we are roughly one thousand chips in to the next batch of refund requests.

Chip shipment:
Yifu has stated he shipped the first batch on Monday. We are currently awaiting a tracking number. He has also stated the second batch should ship today or tomorrow.

Assembly update:
We are continuing to debug and troubleshoot the Klondike design. We have not been successful in hashing on more than one bank at a time, and have discovered further hardware flaws in addition to the lack of firmware which may inhibit the board from performing properly when the firmware required to use all 16 chips is finalized. We have ordered replacement parts for testing, which should be here this week. We are also working on the capability to update the firmware via USB to avoid the need for a PIC programmer. Terrahash has not responded to our inquiries regarding their claims to have a fully functioning unit. We have emailed Bkkcoins several times, to no avail.
If any of you are familiar with the Klondike design and would like to help, please let us know. We are most interested in firmware developers to assist in debugging the code, but all assistance is welcome. 

In the event the chips arrive prior to the design being finalized, we have two options. We can either assemble the units based on the design at the time of delivery, or we can delay assembly to finish the design and ensure it functions prior to shipping. We are still working on the procedure to handle this scenario, but suggest waiting until the units are fully functional. We cannot rule out the possibility of a hardware level flaw which would require a component replacement to function properly until we are successful hashing with all 16 chips.

Assembly refunds:
We have received our chip refund, and will begin processing assembly refunds shortly. We are working out the best way to process the requests, and will post an update upon completion.

Next gen:
We have been working towards solidifying the redesign using next gen chips, and are cautiously optimistic. We cannot release any details at this time.

There are several questions we have not answered, and we will get to them as quickly as possible with a more detailed update.