The other problem is making it available - I ran a Yahoo group for many years, and have Mbox and Maildir format archives. I'm still looking for a decent web-based browser for these. HyperKitty (Mailman's archive browser) came close, but seems to require most of Mailman to be installed in order to work.
In my case, I managed to archive a bunch of groups related to amateur radio -- and I will be placing these on archive.org as soon as I have a spare moment to zip them up. A difficult-to-access archive is better than no archive at all, the important part is getting the data into a safe place.
How big are these archives? Do you have any samples? Does the viewer need any special features? (threading?)
The problem is that there isn't any standard that defines what can and can't go inside the body of an email message. So if you want to post each email message exactly in a thread exactly as is, i.e. each with completely different typography and with all the replies attached and not sanitized in any way, then that's relatively easy. But it's also completely unreadable for more than about 30 seconds, and doesn't allow for good search functionality. These problems aren't a deal breaker if you're only trying to make sense of your own inbox, but when you're looking for specific information across millions of people's inboxes then they're a complete nonstarter.
Wow, somebody invented a database that's even worse than an Excel file on a network share.
(Also, how are they going to assign new numbers when archive.org takes over? Is archive.org going to give them write access?)