The order to shut it down said it's using foreign-source technology that poses national-security concerns.
The White House order said the British Virgin Islands company behind it, majority owned by Chinese nationals, must remove all improvements and mining equipment within a mile of the US military facility.
The company started work without filing with the Committee on Foreign Investment in the United States (CFIUS), sparking an investigation into the acquisition.
The presence of specialized foreign-sourced equipment for cryptocurrency mining near a nuclear missile base raised significant national security concerns according to the Treasury Department.
Treasury Secretary Janet Yellen highlighted CFIUS's role in safeguarding national security against risky foreign investment near military installations and involving specialized technologies.
#chinese-crypto-mining-operation #national-security-concerns #us-missile-base #cfius #cryptocurrency-mining
[
add
]
[
|
|
...
]