Bankrupted and reborn? You got a citation for that?
Swan mining is not cloud mining. It is not on offer for retail. These are business deals between corporations with oversight and accountability.
You should be more careful to separate the concept of cloud mining from the scummy companies that have ruined this term in the minds of the public. I think we will need to build a robust market for hashrate in order to solve miner decentralization. Guess what that's called? Not cloud mining lol that phrase has been burned. The idea is sound. Execution has so far been extremely poor.