Biden Orders Shutdown of Chinese-Linked Crypto Miner Near U.S. Nuke Base

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Author: Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

President Biden has ordered the shutdown of MineOne, a Chinese-owned cryptocurrency mining facility near Warren Air Force Base, Wyoming. This move is prompted by concerns over foreign ownership, technology, and the facility’s proximity to the strategic missile base. The British Virgin Islands company, mostly owned by Chinese nationals, faces removal of all equipment within a mile of the military installation. In addition, the order emphasizes the role of CFIUS to safeguard U.S. security from potentially risky foreign investments.

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