A Chinese crypto farm next to a nuclear missile base? Not on my watch says Biden
If you're a majority Chinese-owned company looking for cheap real estate in the US, you might want to steer clear of American missile silos and military bases.
Cryptomining firm MineOne found this out the hard way after President Joe Biden signed an executive order on Monday forcing the blockchain biz to sell its facilities, located outside Cheyenne, Wyoming, within 120 days.
Why? The China-backed MineOne facility is located less than a mile from the Francis E. Warren Air Force base, where a not insignificant number of nuclear tipped Minuteman III intercontinental ballistic missiles are housed. This, according to the White House, makes MineOne a national security risk.
"There is credible evidence that leads me to believe that MineOne Partners Limited, a British Virgin Islands company ultimate majority owned by Chinese nationals… through the acquisition of certain real estate that is located within 1 mile of Francis E. Warren Air Force base… might take action that impair the national security of the United States," the order reads.
MineOne acquired the property in 2022 with the goal of operating a crypto mining facility on the site, the order states. However, the sale wasn't registered with the Committee on Foreign Investment in the United States (CFIUS) until after the government body received a tip from a member of the public about the facility.
