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Chinese-backed Crypto Miner Ordered by U.S. to Sell Land Close to Military Base

US President Joe Biden recently forced a Chinese-backed cryptocurrency mining company called MineOne to sell land near a Wyoming nuclear missile base due to national security concerns. The company had acquired the real estate close to the Francis E. Warren Air Force Base, raising alarms about potential espionage activities. The move is part of a broader crackdown on Chinese companies in the US, with Biden also targeting TikTok’s Chinese parent company earlier. The decision came after an investigation by the US Committee on Foreign Investment in the United States, emphasizing the importance of protecting national security in foreign investments.


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