You haven't had a chance to look at their claimed losses huh? You might want to do that. You pool mining IS losing money. I don't care what you are pretending. The numbers versus market valuations are below equivalence above 2¢ per KWH. Even AFTER that the machines, compute depreciation, opportunity cost, and space acquisition make it even worse. Even people who mine with stranded [free] electricity have research, transport, operational, and data throughput costs. Mining is so unprofitable a few mining companies started buy Bitcoin because the price appreciation was outpacing the block rewards. So, yeah I geuss these miners are charitable, subsidized, or stupid. Take your pick.