I worked with an electrical engineer who disclosed to me a mid 8 figures investment made by a PE firm to develop Ethereum FPGA and ASIC hardware, and while he t

I worked with an electrical engineer who disclosed to me a mid 8 figures investment made by a PE firm to develop Ethereum FPGA and ASIC hardware, and while he told me they were underwater on that deal, they did achieve (IIRC) 30%+ performance (watt to flop) relative to (at the time) top-of-the-line GPUs. I wonder what they’re doing with that hardware now.