New ASICMiner Financial Statements Offer Performance Insight

ASICMiner, one of the best-known bitcoin companies to issue BTC-denominated equity, released their latest earnings update last week. This was the second such report from the company, with the first released in late July. As both were issued via bitcoin forum threads with links to external files, this report is intended to offer context and additional clarity around those figures. ASICMiner (AM) initially raised capital by means of an equity offering in 2012, with share priced at 0.1 BTC each. The company generates income by mining directly and indirectly, as well as selling mining equipment to others. Previously a favorite …