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White House Shuts Down Bitmain's MineOne Mining Farm Near US Air Force Base

A mining farm's proximity to a US Air Force base raises national security alarms. The White House steps in, ordering its closure and sale.

,   and  Administrator
1 min read
In this picture we can see a windmill, few buildings, trees and metal rods, and also we can find...
In this picture we can see a windmill, few buildings, trees and metal rods, and also we can find fence.

White House Shuts Down Bitmain's MineOne Mining Farm Near US Air Force Base

A mining farm operated by MineOne, owned by Bitmain, the world's largest ASIC manufacturer, is at the centre of espionage suspicions. The farm is located near the US Air Force base 'Francis E. Warren Air Force', housing 'LGM-30 Minuteman' intercontinental missiles. Concerns have been raised about potential national security risks.

The mining farm, operating with a total of 350 petahash, is a minuscule fraction of the entire network. However, its proximity to the Air Force base has sparked alarm. The Committee on Foreign Investment in the United States (CFIUS) has identified risks, including the operation by Chinese nationals and specialized foreign equipment.

Bison Blockchain, a local startup from Cheyenne, had initially secured a contract with Black Hills Energy for MineOne to use up to 75 megawatts of power. Bison Blockchain later filed a lawsuit against MineOne, accusing them of acting like adversaries and taking over projects in North Range and Campstool. Bison Blockchain has since expanded its lawsuit to include Bitmain, alleging they were behind the takeover by a Chinese conglomerate.

The White House has intervened, banning the operation of the mining farm due to its location. MineOne has been given 120 days to sell the land and 90 days to completely vacate the premises. The purchase of the property was deemed illegal as it lacked CFIUS approval.

The mining farm's closure is imminent, with MineOne required to sell the land and vacate within specified timeframes. The White House's decision underscores the seriousness of the national security concerns. The future of the site and the ongoing legal disputes remain uncertain.

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