Here is how you should proceed.

Open your minds up to any all opportunities to push out working boards or flood the market with a large number of chips at lower than market rate. Seek guidance and support so that you can build a team that can push those chips into working miners.

You can't seriously be deciding what is best here in this forum. You actually have to have all the parties in one room and be open to the idea of finding that solution where the chips are made into miners with compromise being the operative word. Failing an agreement you are left with diving up everything including the IP to pay back creditors.

If I were a creditor I would look at taking shares in HF as part payment if there was a solid team and investors in place moving forward. Out of this though you obviously need to get rid of the malignant parts that caused this debacle. We know who they are and that decision making power needs to be permanently removed from their hands moving forward as soon as you have a viable entity if that is you want HF to continue.