Biden ordered the demolition of the "Chinese-funded Bitcoin mine": too close to the nuclear weapons base! Can the US mining company CleanSpark successfully take over?

On the 13th, US President Joe Biden ordered the cryptocurrency mine near the US nuclear missile base in Wyoming to stop operating on the grounds that the mine operated by a Chinese company posed a national security threat. The mine is now reported to have been acquired by the US mining company CleanSpark, and it intends to continue to promote the acquisition.

The US-China tug-of-war has spread to the field of cryptocurrency mining. US President Biden issued an executive order on Monday, ordering the Bitcoin mine operated by the Chinese company MineOne and located near the Warren Air Force Base in Wyoming to stop operating on the grounds that the mine uses foreign technology and poses a threat to national security.

The order requires that all mining equipment within one mile of the Cheyenne military base on the mine must be removed. The Cheyenne military base is the base for the establishment of the Minuteman intercontinental ballistic missile.

Unfortunately, less than a week before the order was issued, the US mining company CleanSpark had just bought the relevant mines from MineOne. CleanSpark announced on the 9th that it would purchase two mines for nearly $19 million in cash and complete the transaction 45 days later, but the name of the seller was not disclosed at the time.

CleanSpark said at the time that it would deploy the latest generation of mining machines from Bitmain, a Chinese Bitcoin mining machine manufacturer, and said it planned to increase the operating capacity of the mine by 55 megawatts on the basis of 75 megawatts (MW).

A CleanSpark spokesperson told Coindesk that the company was unaware of Biden's executive order before purchasing the mine. Although the company acknowledged the concerns raised in the executive order, it intended to proceed with the transaction: We were not aware of the executive order and the involvement of the Committee on Foreign Investment in the United States (CFIUS) before signing the agreement, which added unexpected links to the transaction process, but we are working hard to resolve these developments to achieve a satisfactory transaction.

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