Quote from: bitsalame on October 10, 2014, 09:29:19 PM

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Vavilov told CoinDesk that it decided not to tap its bitcoin reserves as it remains bullish on the long-term value of bitcoin.

I read it like "we are burning cash like crazy, and we don't want to unload bitcoins to pay the utility bill because that would bankrupt us. We had no choice but to beg our investors to pour more money, because otherwise they would be royally fucked as well if they didn't reinvest in us. We pray for an increase in BTC prices, because otherwise we are royally fucked. The 100MW plant is a bluff, but it may not be a total lie if BTC prices goes to the moon. Until then, we are burning more cash... Fingers crossed"

Quote from: silverfuture on October 10, 2014, 09:56:44 PM

You don't ask for even more investment money unless you have already spent what you had and now are pretty much broke.