U.S. orders Chinese-backed crypto miner to sell land near nuclear missile base

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President Joe Biden issued an order on Monday forcing a Chinese-backed cryptocurrency mining company to sell land near a Wyoming nuclear missile base, citing national security concerns.

The company, MineOne, acquired the real estate in June 2022, placing its operations within a mile of Francis E. Warren Air Force Base, a “strategic missile base and key element of America’s nuclear triad,” according to the White House.

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The company’s site contained “specialized and foreign-sourced equipment potentially capable of facilitating surveillance and espionage activities,” the residential order said.

there was “credible evidence” to believe that the company, a British Virgin Islands firm that is majority-owned by Chinese nationals, “might take action that threatens to impair the national security of the United States.”

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MineOne was ordered to divest from the land in the next 120 days, and to remove certain improvements and equipment at the property. A 2018 law granted CFIUS the authority to review property transactions close to sensitive U.S. facilities

www.nbcnews.com/news/world/us-orders-chinese-backed-crypto-miner-sell-land-nuclear-missile-base-rcna152122

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