Order Update

To date, the IPO has raised over 2,300 BTC - a big thanks to all of our investors so far! The good news promised last weekend has been a bit delayed, but should be coming this week.

In the meantime, AlcheMiner is finalizing nearly $1,000,000 of pre-orders! Specifically, a customer from China has ordered $600,000 of AlcheMiner chips and a US-based customer has ordered $200,000 of finished Alchemist Scrypt miners! Both orders will have 100% deposits and are simply pending signed agreements.

In addition, another customer would like AlcheMiner to produce Scrypt ASIC miners on an OEM basis for them. In essence, the Alchemist miners will be-rebranded under the customer's brand and will be re-sold in that customer's geographical area. The customer's company is currently raising capital through through private investors and bank financing. Both AlcheMiner and the prospective customer have agreed on terms; the potential revenue from this order will be $2.5 Million - $5 Million! If/when the customer's financing is secured, the order will also have a 100% deposit.

Tom and Sophia are working tirelessly to finalize additional orders in the pipeline as well.

Development Update

Once AlcheMiner's capital has been raised, the tape-out will begin to TSMC (Taiwan Semiconductor Manufacturing Company). While capital is being finalized over the next week or two, the engineering team will be doing the final double-check on the IC design and double-checking that the chip's performance on a system level (software and PCB) before the tape-out. The team is taking advantage of this additional time to ensure that ALC customers will receive the most efficient product possible.

Thanks again to all of our investors!