In 1994, Continental was acquired by Bank of America to expand its presence in the Midwest

So it went kaput anyway, which is what I meant

Egalitarian PoW don’t work better on custom hardware.

I mean it could... Even for Egalitarian PoW. You'd have to make the ASIC specifically for the exact PoW you're trying to target, and you're going to end up with something pretty exotic that's going to be easy enough to invalidate by altering the PoW. But, you could...

Most crypto miners run on renewable energy.

"Too big to fail" (TBTF) is a theory in banking and finance that asserts that certain corporations, particularly financial institutions, are so large and so interconnected with an economy that their failure would be disastrous to the greater economic system, and therefore should be supported by government when they face potential failure.[1] The colloquial term "too big to fail" was popularized by U.S. congressman Stewart McKinney in a 1984 Congressional hearing, discussing the Federal Deposit Insurance Corporation's intervention with Continental Illinois.[2] The term had previously been used occasionally in the press,[3] and similar thinking had motivated earlier bank bailouts.

So exactly what I said. They might get bailouts to avoid failure.