These people had no idea what they're doing. They never stood a chance to survive. If you know anything about commercial scale mining, you don't use massive amounts of interior switch and step down transformers. If you know what you're doing, you step it down at the transmission line through the correct Transformer application. It's sickening that rank amateurs like this get this kind of money and opportunity. There will be many more of these forthcoming as the weak amateurs get beaten down for poor management of cost and infrastructure. Riot Blockchain in CO. will be on this list soon. Another massive overextended data center in OK City. 120,000.00 sq ft and they air condition their facility for cooling ASIC miners. They also held almost all the BTC they've mined and got slaughtered on the break. Complete idiots.
Sean Walsh was the CEO of hyperblock until very recently when he resigned and called due a note against the business. It is pretty apparent that there is no actual intention of selling the value of the facility just eliminating any value to Hyperblock and those equity holders. Basically the former CEO and founder offers goes public, takes investor money, runs the company into the ground, resigns, calls some dubious note due and then uses that note to claim any value. At that point Walsh will restart operations with 100% control, only the gear that is profitable, and a trail of shocked and disappointed investors in the wake.