It is entirely unclear to me if Halong Mining itself has actually invested $30 million. Halong Mining's website states: "Around $30 million dollars have already been spent on research, development and prototyping miners, writing software and producing small batches of silicon wafers." (Emphasis added.)

Notice the inherently ambiguous wording here. Halong Mining wrote this statement in the passive voice. Maybe Halong Mining spent that money, maybe it didn't, but Halong Mining does not state that Halong Mining spent $30 million. Halong could be referring to general industry investment in miner R&D and prototyping as it relates to AsicBoost, inclusive of Halong's investment plus the investment of others who are supporting AsicBoost. My point is Halong does not clearly state what it has spent. Halong Mining has operated so ambiguously and without a reasonable level of transparency that I do not believe we can assume Halong Mining has actually made this investment.

Regardless, we do have reason to believe that Halong Mining's sales so far have been massive, and that Halong is deep in the black on the DragonMint project -- with sales between $50 and $100 million USD (as of early February 2018). Consider this analysis from Unicornflex:


Unicornflex made its analysis by cross referencing its multiple order numbers with those of other buyers of the DragonMint, including my own order number.