they bought their hardware at around 3BTC/TH/s
IPO was 0.095 BTC per share for 15GH/s or 6.7 BTC/TH.
each TH bought is going to return 5-6BTC in its lifetime
(75% of that return will come in the first 4 months)
Ill take bets on that. But even if you are correct, you just proved my point. Even you dont seem to think the hardware can ever mine back its IPO price, let alone generate profit on top of all the expenses.
that says nothing about how much they paid for hardware
you are forgetting everyone was increased to 15GH/s
11085 IPO shares sold, 1055.7875BTC
964BTC put forward by Cryptx
659TH/s was added
3.064BTC/TH/s bought
they seem to have bought the whole 1000Th/s anyway, so we have more cheap TH/s that can be readily added from reinvestments