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

Sharing is Caring!

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.

See also  Crypto manipulation trial goes to jury.

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.”

See also  Crypto fans count down to Bitcoin halving, possibly tonight. Here’s what that means.

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


Views: 36

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.