A small Cloud Mining page (https://www.cryptoatcost.com/) that spun off from a Canadian VPS provider (https://www.cloudatcost.com/) is making their own ERC20 token: CCT (https://www.cryptoatcost.com/cct-token). But this isn't a coin announcement: I'd like to know if what they're doing is an obvious scam.

Although Etherscan does show the contract was made a few months ago, and they appear to have a Uniswap LP... they also said you'll be able to mine it using BTC ASICs. How would that work? I'm thinking they could actually be taking the hashpower to mine BTC for themselves... and then on the side they just directly distribute their worthless token? If they own the entire supply... then there's no PoW involved: they can just hand it out?

The mining part isn't working yet: they just told current customers about the token today. I just don't see how they'll make money.

Thanks!