Biden Orders MineOne to Divest Land Near Wyoming Nuclear Base in 120 Days

May 13, 2024, 10:44 PM

President Joe Biden has issued an order blocking a Chinese-backed cryptocurrency mining firm, MineOne Partners Ltd., from owning land near the Francis E. Warren Air Force Base in Wyoming. The decision, made in coordination with the Committee on Foreign Investment in the United States (CFIUS), cites national security risks due to the proximity of the mining operation to a base housing U.S. nuclear ballistic missiles. The order requires MineOne Partners Ltd. to divest the property and remove its equipment within 120 days. The firm acquired the land in June 2022 and had been operating without proper clearance.