Isn't the 80/20 split done after the power is paid for? That way it is the profit you are splitting. It doesn't make sense otherwise.
Hell, no.
If the split happens after power is paid for, cryptx would be on this in an instant.
As long as all the hashpower gets sold or deployed, it is in AM's interests to restrict the franchise program to those with cheap electricity.
Now, the thing I don't understand is - if AM is able to ship real miners (not just chips) to franchisees, surely they should have fully deployed in their immersion cooling facility by now?
AM does not have enough and cheap electrical power to deploy all devices.