United States President Joe Biden has issued an order preventing a China-affiliated crypto mining company from using land near a Wyoming nuclear missile base. The order, disclosed by the White House on May 13, mandates MineOne Cloud Computing Investment and its associates to divest property utilized as a crypto mining facility close to the Francis E. Warren Air Force Base in Cheyenne, Wyoming. Citing national security concerns, Biden revoked the firm's property rights. MineOne purchased the land in June 2022 and converted it for crypto mining near the Air Force base, which houses intercontinental ballistic missiles. The company has 120 days to sell the property without transferring it to third parties. The move follows previous alerts from Microsoft about potential intelligence risks posed by the site's proximity to the base. The Biden Administration's action aligns with its stance on regulating the US Bitcoin mining sector and increasing tariffs on Chinese imports. Read more AI-generated news on: https://app.chaingpt.org/news
