This is a nigerian scam unless you can prove that W/Gh/s
How can they prove the W/Gh without a physical chip available?
So technically, they could make this claim based on simulation...
However, I've seen several chip design teams get burned by simulation
Even a couple current TOP chip producers experienced this...
But this time, it's different, right?

Well they should at least show us a demo of their first gen miners. That shouldn't be a problem, but I don't expect them to show us the simulation results...