I think some relay pools may choose to run as cooperatives. But it could also be managed privately.

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Coops are private entities. What you might mean to say is ā€œinvestorā€ or ā€œexecutiveā€ managed (C-corp, LLC, & NGO) rather than ā€œmemberā€ or ā€œstakeholderā€ managed.

Coops are a wierd type of private entity with a mandate to serve public (members) interest. FWIW

Thanks for the clarification