US government press releases or legal documents

US Orders Chinese Crypto Miner to Sell Land Near Warren Air Force Base

May 14, 2024, 02:04 AM

The United States government has declared a Chinese-backed cryptocurrency mining company, MineOne, a national security threat. President Joe Biden issued an order on Monday requiring the firm to divest its property near Warren Air Force Base in Wyoming, which houses nuclear ballistic missiles, within 120 days. The decision was made due to concerns over potential espionage and the proximity of the foreign-owned real estate to a strategic missile base, which is a key element of America's nuclear triad.