Not to support A16 - but this reads as classic PR/SEO for the extensively quoted “CEO”. Below the quality of what I expect on HN
The "mining" or whathaveyou is a coolhunting gimmick that accomplished the goal of getting people excited about it.
I don't understand why they didn't have a closed platform and hand people their devices. Instead, there's a "waiting list" and a shortage of equipment. Coverage where I'm at is nearly 100%.
Attach the word "mining" to it, and the dotcom money flows like mana from heaven.
If A16Z encouraged that pivot or invested after it, the parent comment stands.