Net revenue from hardware sales: BTC 71k

Net revenue from mining: BTC 33k

Hardware is now more than two thirds of the revenue stream, these numbers show the extent to which Friedcat is working hard (and well) to diversify the business.

In the short-medium term, even the revenue from hardware is going to continue to diminish to the point of break-even or even negative ROI for sellers (let alone buyers). 

Bottom line, even the log scale for difficulty (http://www.blockchained.com/ 7th chart down) is increasing exponentially, and anything with a revenue stream inversely proportional to it is fighting a losing battle.

Personally I'd like to see Friedcat looking further ahead and working to develop relationships and products aimed at the merchant services markets (e.g. dedicated processing capabilities for companies like Bitpay/MtGox), or even entering the MS/payment market themselves as consumer interest in China grows.

I have a few shares, I no longer think of them as an opportunity to profit from mining hashpower alone - AM needs innovation beyond "the next batch".