My guess is they did not get enough orders for hardware and are now looking for outside investors.( Not an easy task) I hope they can find some. Maybe in the mean time they should implement some new technologies. At the very least they should post and explain what they are doing or the price will continue to fall.
Cleverhash Weekly update:
Sorry for the delay in response as someone in the office got very sick with a nasty flu virus and I personally have been in bed trying to get better. I will be taking the next couple of days off and will pass the torch to Jon that will answer any questions until my return. I hope every had a great week.
I am sure that most miners and crypto-traders are concerned about the collapse in Bitcoin and most crypto-currencies on the market today. Having been in Bitcoin since the early days I would advice folks not to stress to deeply, What comes down, must come back up Smiley We strongly believe that crypto-currencies are here to stay and use this time wisely by taking advantage of cheap crypto-currencies by accumulating. The price of oil and commodity/stocks markets have been seeing a deflationary trend change and many smart advisorw are saying that a correction in the markets are around the corners and predict deflationary environments in not just Bitcoin but the world stock markets. This is just my personal opinion so please do seek professional advice before investing in any cryptographic token in this environment.
In regards to Boom and CHASH, we are a small robust team and are working hard to reach our goals for CHASH and Boom for the community. We have big plans and plan to achieve them. Currently, In the name of transparency, we are reporting that we have not yet received enough pre-orders to fund development and are implementing strategies to mitigate the results. We received no new orders after the ICO for mining hardware. We only received a few orders in Boomcoin and several CHASH orders. As outlined in the white paper/terms for this scenario, we would have to seek outside investment to fund the project from an Angel Investor, Venture Capitalist or private investors in order to complete the required fundraising.
We have already begun this process and plan to reach out to hundreds of investors from around the world to make this dream a reality. If you know someone or if you personally would like to become a shareholder in our company with profit-sharing to help make this dream possible for miners around the world, please do reach out to us, as now is the time before we secure one outside of this community. Every Business is presented with hurdles and what defines a successful company and team, is knowing how to navigate through them to achieve milestones and results. We are positively optimistic and plan to release news in this regard once we secure funding. We have spoken with several enthusiastic investors already and hope to solidify new partnerships that will take Boom and CHASH to new heights.
Thanks for being a supporters of this ambitious project that will change the way mining companies do business in the future. To completely fund development in its entirety all we need at this point is 933 unit orders for the Aurora or 1,750 unit orders for the Sonic. To get to the next stage in the process with Open Silicone, we only need to sell 133 Aurora miners. This is not large numbers when you consider the quantity of miner enthusiast. The community can easily make this possible if they choose to do so. We are open to increasing performance by adding addition chips per unit.
Best Regards,
Jason Kennedy
CEO Cleverhash Technologies
