I thought Genesis Mining has closed down for business? I can still remember the time when they announced via their mail and RSS feed that they couldn't keep up with the PNL any longer? Even Nicehash hash power renting service is no more profitable.
The only reason I can still rent for hash power on Nicehash is if a new interest altcoin comes out and I don't have the right equipment to mine the coin, but trying to make profit through Bitcoin and others now are not profitable.
Even those Asic miners like S21 takes the majority of the profits to settle electricity bill, what is left is your profit which is not encouraging for cloud like or hash rental services.
AFAIK, Genesis Mining isn't accepting any new signups. Only old customers will be able to access their platform. I can't find out about this, because I've never made an account. But maybe someone here who bought mining contracts before can verify this?
Anyways, it seems to me that cloud mining is a losing game. Especially with the rising cost of electricity worldwide. Maintenance fees will be a huge burden when purchasing a mining contract. Maybe cloud staking is a better choice?