Hi all

A project update follows:

Hashfast Bankcruptcy
Latest development from court is that the UST filed a motion to appoint a trustee to wind down the entity, which was denied by the judge. The motion to substantively consolidate the estates was granted. As it stands it's clear that the estate and its assets will be auctioned off in a controlled manner and details regarding the auction will be made available shortly. A further status conference is set for 24 October.

Mine Update
A decision has been made to move the equipment to a different facility in the US. Negotiation of both the final endpoint and the earlier termination of the existing hosting agreement is almost complete. I'll let the person who did this great work introduce themselves here as they have indicated that they would be willing to furnish this forum with more regular and detailed updates henceforth.

Pool Development
1st release candidate has been in play for a while now, and we clocked it stable (massively expandable) at around 2.1 Ph/s for a few days, allowing us to hit the milestone of 1000th bitcoin blocked on software we developed and/or commissioned for solo and/or pooled mining. Details on what makes this pool project so different will be made clear over the coming days as we prepare for launch to a wider audience.

Company reorganization
We are currently in progress to move from a single-sig to a multi-sig wallet handling solution. Some of the major PU holders will hold part of the keys to this wallet. This should improve the day to day financial-handling as we choose a fund manager. A simple dividend payout plan has been suggested and I support it fully.

Cryptomex
Now, while  Cryptomex isn't very technically advanced it did make some decent regulatory/compliance strides in that it passed an initial round of questioning and scrutiny by the HK SFC. The main issue I have with the project is that it loses impetus every time I step away from it for a while, which is a pity. How/if we continue with this project will be decided in the coming days.