Hi All,
Thanks again for your patience. AlcheMiner is happy to provide the following update!
- The multimillion dollar order that was referenced earlier has been closed and paid
- This pre-order payment made up for the lack of funds that would have been raised by the IPO and used for the payment to the foundry
- Chips have been taped out to TSMC
- Chips are expected to be delivered late July or early August
- Assembly will take three days, so shipping is expected in early August
- Luckily, the chips are expected to outperform initial specifications, so keeping the promised hashrate increase for August shipping should not affect the company's bottom line
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Additional updates will be forthcoming!