Even though there maybe some compensation from the Class Action Law Suit coming out of California it will only be related to the companies inability to hit the 2Th's mark and the excessive power consumption in conjunction with not being able too deliver the units in a timely fashion.
There is not yet a class formed. For one thing the purchase agreement includes wording that it must first go to binding arbitration, and they are in that process. I am in the queue with the same law firm should that result in something positive. If however arbitration totally breaks down then they can go to the courts and request the court for a class to be formed. It will probably be a year or more before anything comes out of that, if it actually happens.
If they are successful in arbitration with the first client then they can cookie cutter deals based on that for the rest that they represent. However I am still waiting for a refund from my Jan order and was told on July 8 that it would be processed on July 30. On August 8 I was told that it was not yet processed. Today I was told that there is no ETA but they assured me they are working as fast as they can citing how overwhelmed they are with refund requests. And to think I still have multiple units that didnt hit the 2TH/s mark :/
The only thing I can think of is they used refund money from customers to build their cloud mining operation, so the store on broad street manhattan could have the miners in stock, etc. They expected sales to explode and they didnt. They expected profits to soar and it was more costly to have the units made and delivered. They now do not have the cash to refund people and are struggling on that front hoping to mine their way out with gear they cant sell. I could be wrong, but that is the feeling I get. That insolvency is just around the corner.