Read this as 'gambling' and 'cloud mining at scale'. Was not very convincing.
Discussion
It is completely different from cloud mining. Swan is operating bespoke, segregated mining businesses for huge institutions that own their mining business. We are operators for hire.
Are we licensed operators?
Say no to dirty laundry
I have no idea what this means
You're an operator for hire but compass and sazmining are not?
Pulling a random article from search on 'cloud mining bitcoin' gives me:
"With cloud mining, users simply choose a provider, invest upfront, and wait for the mining platform to generate profits."
https://beincrypto.com/learn/best-cloud-mining-sites/
Your users are institutions? You're the provider? The user 'invests'? You then operate to generate profit?
The difference is that our clients own everything. These are we getegated operations. Cloud mining sells fractional hashrate on machines you don’t own. Also we’re working with huge institutions that go through extreme due diligence with lots of lawyers. We’re not preying on retail here. Completely different.
So if the institutions and lawyers understand bitcoin mining enough to do accurate and comprehensive due diligence, why don't they mine themselves?
Because it takes a shitton of work to stand up a mining operation. Same reason you hire a doctor or a lawyer or a plumber. You want to learn that work or go into those businesses? Why is this hard to grasp?