Just so I'm clear, since I must have misinterpreted your post...you're asking investors to float BTC1,750 (40,000 shares @ BTC0.04375 average over 8 rounds) to start a 1 PH/s mine. Since each share is 10GH/s (as noted in your prospectus and title), you're granting yourself 60% of the total hashrate (600TH/s) right from the start, leaving investors with just 400TH/s?
I think they want to start with 400th (8x5000 shares in IPO) and continue with 'rolling placement'.
During first round we plan raise funds to deploy 400 THs and after start rolling placements to increase total hashpower to 1 PHs by September.
Ah, I got it, thanks for the clarification.
Since that's the case, why should I invest in you guys over the PETA operation? I can see their current share price is fractionally higher at the moment (in terms of $ per GH/s), but they already have ~1.2PH/s deployed and are paying dividends.