How many of those directly convert electricity into profit?

How many of those businesses have been rent seeking countries/states/locations that subsidize electricity for their populations?

Electricity is one of those things most of society has deemed an essential good, and as such has subsidized it for the poorest among us. Bitcoin farmers are abusing that system to turn the government subsidies into personal profit for a handful.

Let's not even begin to equate THAT to someone going to a concert put on for the benefit of and at the cost to those participating.