Why not? Bitmine was contractually obligated to deliver all the hardware by early April.
They are in violation of this contract and we are therefore entitled to compensation.
Obviously with Cryptx being angel investors in Cointerra they would have received compensation, obviously also Cryptx knows certain info about Bitmine and had already negotiated a deal taking all delays into account; therefore the explanation for surprise jump to 700TH initial deployment
unless you are expecting them to double the 700 to 1400 again?
As stated by Cryptx, the revised delivery schedule of the desks/rigs was based on the new contract they had signed with bitmine.
("The latest release of our deployment schedule was based on written and contractual agreed schedule from Bitmine upon visiting them in Switzerland.")
See how it says contractual agreed schedule in the quote? That means it is a legally binding document.
When contracts are not held by one party, a compensation has to be provided.
The new contract was calculated with the shipping delay as stated in the contract (ie x number of TH/s per week) in mind.
How much compensation is actually in order, that is for cryptx and bitmine to agree on.
Fact is, there is a right for compensation and it will have to be provided.
On a side note, the bitmine/innosilicon A1 chip can now be produced at way lower than 1$/GH/s as all NRE costs are already payed.
They are not entitled to any compensation unless such clause was included in the contract.
Yes they are, this is covered by contract law.
Furthermore i highly doubt that cryptx didn´t include certain clauses, seeing that shipment had already been delayed
once, so likely would be
twice, seeing that this is a highly time-sensitive business.