Biden Order Requires Chinese-Backed Crypto Mining Firm to Divest Property Near Wyoming Air Force Base
Monday, 13 May 2024, 20:58
Biden Administration Blocks Chinese-Backed Crypto Mining Firm
The Biden administration recently issued an order affecting a Chinese-backed crypto mining firm's property near the Francis E. Warren Air Force Base in Wyoming. The firm, MineOne Partners Ltd., is partly owned by the Chinese state.
Key Details:
- Divestment Required: The order mandates the divestment of property operated as a crypto mining facility.
- Equipment Removal: Certain equipment owned by MineOne Partners Ltd. must be removed.
This action underscores growing concerns about national security and foreign influence over critical infrastructure projects.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.