It's made by a former piratebay founder. When you buy a domain from them, they act as a middleman and keep legal ownership of the domain thus shielding your PI somewhat from legal enforcement. They claim their hosting is "In secret locations in Sweden". Their LLC is located in Nevis (some tax evasion island).
Considering I haven't managed to run into malware or phishing sites on either of those providers they seem to be doing something right. Why are these so-called "evil" hosting companies less of a problem for me than namecheap, godaddy, and google?
There's also https://1984.hosting/ which runs a similar operation out of iceland.