Biden Orders Chinese Crypto Mining Company to Sell Land Near US Military Base

The Biden administration has ordered a China-linked cryptocurrency mining company and its partners to sell off its land near a U.S. Air Force base in Wyoming.

In an executive order issued on May 13, President Joe Biden instructed MineOne Partners Limited, a British Virgin Islands company majority-owned by Chinese nationals, to sell off the land that was within one mile of the F.E. Warren Air Force Base. Located in Cheyenne, Wyoming, the military base is home to Minuteman III intercontinental ballistic missiles.

President Biden said the company’s cryptocurrency mining operations included the use of foreign-sourced technology, which posed national security concerns.

“The proximity of the foreign-owned real estate to a strategic missile base and key element of America’s nuclear triad, and the presence of specialized and foreign-sourced equipment potentially capable of facilitating surveillance and espionage activities, presents a national security risk to the United States,” President Biden said in the order.

President Biden said the Chinese group must remove all of its equipment on the land within 90 days and sell or transfer the property within 120 days.

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