Let's bring the 60PH/s of chips issue again to discussion. At 0.5$/GH you need 120M$ just for the miners,
That's not how math works.
If they wanted to build a 30PH farm at $0.35/gh they would only need $10,500,000.
Whoops! Math mistake. It's 30M, not 120M.
As for the 10M$ that is only for miners. What about deployment costs? Does AM has 10M$ to deploy that hashpower? Don't think so.
I actually made a math mistake. I was including the chip cost at $0.35/gh but forgot the chips are already paid for so it would be less than that.
AM might only need ~$6M to produce 30PH worth of hardware and maybe ~$2M to deploy it all.