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MightWeb shutting down
I received this email from MightWeb on the 22nd March 2022, I'm surprised MightWeb closure hasn't spark a discussion here. While they haven't been active in forums this few years, I didn't experience or notice any issues with my hosting (from Managed VPS to Reseller Hosting). Who else is still with them / remember them? 
Anyway this is the email I received from MightWeb:
There is no easy way to say this and I never thought I would have to. It's with a heavy heart that MightWeb is closing down.
Everybody has been through the unimageable the last couple of years. With that I’ve personally gone through a lot of personal and professional loss. I have no choice but to close down.
Please make sure you get your most recent backup As Soon As Possible. When you secure new hosting please move ASAP. FIRST get backups off our systems and download it to a safe place.
Once the servers get turned off, we'll have no way to recover the data.
You should look at moving your domains away from us ASAP as well. You'll need to generate the EPP code. You can access the domain panel without our WHMCS by going to them directly: NetEarthOne Login Panel: **snipped*
For the last time...
I have been with them since 2017 and my last support ticket was in 2019. Back then Marcus was very active but I think there were some changes in management and I haven't see Marcus ever since.
Back to topic, they haven't announce a date but rather told us to move ASAP. I hope it's not because they are overdue on payment. Are there any cPanel reseller hosting with internal WHMCS license for me to migrate my cPanel reseller account?
Comments
I see a lot of hosting companies starting to pull the plug lately, strage.
Indeed, I noticed this trend too.
It's really a pity. MightWeb is one of the better host I have used.
Now it's time to look for another cPanel reseller hosting with internal WHMCS license, any recommendations?
Not really.
Electricity is expensive as fuck which drives up the hosting costs on a market that was already running with extremely thin margins.
I assume a large part of it is increasing power costs. They may have a collection of other reasons to, with that being the straw that broke the camel's back.
Same with a lot of other costs - software licensing, IP space, hardware. For those that don't have the needed capital to cover the raises, sometimes with little time to react, I can see where many consider it to be no longer worth it.
Sounds like their service could shut down any minute?
Yeah quite a few.
ps. OT, your 240TB server looks awesome at that price! Wow.
Maybe now would be a good time to introduce a a set of monthly webhosting-plans... [thinking-face-emoji]
Their "Enterprise" hosting plan is under $10. Can't have a sustainable business when your best plan is less than a coffee a day.
We've had a couple of dedicated boxes with MightWeb for years and they're stable. Sad to see them go under.
None of the other providers wanted to buy them? How are these shops closing up instead of getting bought out?
Guess I'll be looking for some new Chicago boxes.
For the same reason, almost everyone was suprised by the vm-specialist thing. Nobody said anything beforehand. Just an annoucement and poof
Would have considered both, to see if they can be picked up and restructured.
Maybe we need an "I'm a provider, buy me out" thread.
We can do that. But I'm predicting the mostly see "businesses" that will not sell.
Last 10 businesses i looked at:
They were one of the best "Shared Hosting" hosts.
Energy costs will do this to a lot pf providers, even those who wanted to get out and will blame it on energy costs.
@Offshore_Solutions
Yeah, the LowEnd market is really quite unsustainable. Hard to charge very attractive margins. I think a worsening macroeconomic situation plus rising costs for advertising are just the final straw.
The thing i don't understand.... Is why are tons of people all trying the same thing and expecting their out comes to be different than everyone elses?
With regard to some directly closing, rather then selling, maybe its a way to avoid telling publically how bad the situation is? Especially for those hosts who are perceived to be successful?
Unless you have very healthy margins per customer, then customers aren't worth much to a sale price. With customers off the table you just have assets.
I've seen a few LE related host sales over the years and given feedback, and every time it sold for at, or less, than asset value. The customers were basically included in the price to help 'pay down' the cost.
I've only talked to Mightweb a few times, but he was a super nice guy every time. Good luck to him.
Francisco