Weekly Update: 1/8/13
Comment From The CEO
How I see us going forward is we will get our chip and boards into production as soon as possible. Active Mining is in one of the best positions to take advantage of the Bitcoin network. Once we have our chips and boards in production this year we will be one of only two companies in the world which manufactures Bitcoin mining hardware and also mines. With this combination we have unlimited availability to bitcoin mining hardware only limited by our resources. What I see in the future is bitcoin's exchange rate for USD going to over $10,000 in the next year. If this happens Active Mining with its own chip, our current resources which will be increasing with the exchange rate, and eASIC as our partner will put us in an excellent position to dominate our market. Intellihash will just be an added boost should it turn out to be a game changer.
Kenneth E. Slaughter, CEO/CTO
This update has cause quite a stir to put it mildly.
In this instance I strongly believe that we're entitled to a more in depth update - even a Q&A session on IRC would help.
There is a lot not making sense at the minute such as products ships, however the update indicates that this could not be possible.
I've also bolded a statement above specifically due to the words "should it turn".
We were previously told that the delays incurred are due to Intellihash and this would be a game changer otherwise there is no logically reason to delay things for such a possibility is there?
This is definitely not the update I wanted to hear...