MELY has to pay employees, debts, they have rent, they have advertising, etc... This isn't just a single guy doing all this in his basement with cash he had laying around. Additionally, they can't just pay off the servers without paying all of their other expenses as well.
I am under the assumption of $2500 per server as they had a $250,000 financing announcement a month or so before they announced the 100 server order was shipping.
I found the quarterly revenue expectation for 100TH/s:
2.6 bitcoins x $600 per coin = $1560 per day
$1560 per day x (365/4) = $142,350 per quarter.
I used the numbers for their expenses from the last 10Q and eyeballed rough guesses to what we could expect going forward (though chances are my guesses are actually probably low and not fully inclusive of all costs):
$18000 - Advertising
$15000 - Consulting fees
$30000 - Management fees
$20000 - Professional fees
$30000 - Other SGA
$15000 - Lease (using a $5000 per month estimate per other posters)
Which leaves a gross, pre-tax income of $14,350 per quarter. Assuming they are being taxed in the US, that then would put them in the 15% federal corporate tax bracket, or a cost of $2870, leaving us with a net income of $11480.
Looking back over this, I did forget to add in electricity costs. with each unit at 1000W, that would be a total of 100000W and a power cost of $216 per day (at 9 cents per kWh), or $19,764 per quarter. Plugging that back into the calculations, that would bring in a net LOSS of $5414.
That Net Loss does not include the fact that they have a few hundred thousand dollars in short-term debt that will either be 1. Paid back in cash - or 2. Paid back with common stock.
Since option 1 will not be happening any time soon, then almost all of that short term debt will be paid back with common stock, i.e., massive dilution.
Market Data 
Markets 
AI
