Well in my view Avalon saw that the halving was coming. They have older chips and would need to continue development etc. They saw this other company
that would absorb them (probably some kinda stock xfer and cash) and would allow the same team and devlopment. So (imho) they PROBABLY let the works go
for 1/2 the price they probably could have gotten 1 year ago (halving) and walked. The dream lives. They are out with stock options and cash. Also they all
kept doing what they are doing win/win/win ...at least at the avalon group end.
The folks that bought them must have gotten the works at a price that this development will be important and very attractive to them after halving for products/mining/etc
The group buying it from Avalon...seems to be taking the most risk...but then again ...maybe they got the works for a song so it is more even Steven then I think now.
anyway guessing at my end here